September Market Update & Newsletter As we step into the beginning of fall with cooler temperatures and apple-picking season in full swing, the Northern Virginia real estate market is also experiencing some noticeable changes. While mortgage rates have dipped by nearly 1% since June, this hasn't yet brought a rush of eager buyers [...]
The August real estate cycle is back. In many of the preceding years in our local market, the normal ebbs and flows that follow the calendar (spring market, holidays, etc) largely got leveled out. People are going on vacations in August and it looks like they are taking a break until the new [...]
August Market Update & Newsletter As we enter August, the real estate market isn't as hot as the weather we've been experiencing this year. Despite this, it remains a strong seller's market, though the intensity has definitely cooled slightly compared to earlier in the year. You may recall from previous newsletters that we saw [...]
The local real estate market is in better shape than my lawn! After a raucous Spring market we are definitely seeing some seasonality to the market. As we roll into August my lawn is brown, but the usual influencers like vacations and the influence of the school schedule are exerting an influence this [...]
Our market is NOT the national market!! If you are listening to cable news, or even reading the Wall Street Journal, you are probably getting the impression that we are at the beginning of a real estate market downturn. Sales in June nationally were way, way down. Over a third of listings have taken price reductions. [...]
July Market Update & Newsletter As we reach the halfway point of the year, it's remarkable to see how quickly time has flown by. Looking ahead to the second half of the year, one major event stands out: the Presidential Election in November. How might this impact the housing market? Historically, home sales [...]
June Market Update & Newsletter What do you think the real estate market will be like this summer? Will buyers be experiencing the summertime blues with a lack of inventory, interest rates in the 7% range, increasing prices, and strong demand from other buyers, keeping it a tight seller’s market? Will sellers do the right things to [...]
The numbers are starting to shift a little bit! Sometimes when I write these blogs about market trends there is definitely some deja vu as many of the market trends have remained somewhat consistent. I'm starting to see some material changes in the numbers now that are starting to manifest themselves anecdotally in [...]
May Market Update & Newsletter The Spring housing market is starting to warm up here in Northern Virginia right along with the weather. Inventory of homes for sale is (Finally!) on the rise, and unsurprisingly so are sales. Great and welcome news, though admittedly it's a bit of damning with faint praise. This April [...]
Happy Memorial Day!! It may be a holiday week-end but the real estate market is not taking a pause! One of the things that the years long acute inventory shortage has brought us is a leveling out of the seasonality of the marketplace. The normal ebbs and flows around spring time, August vacations and [...]