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January Newsletter

By |2024-01-24T17:34:06-05:00January 24th, 2024|

January Market Update & Newsletter Wow, in the blink of an eye, 2023 is over.  A lot happened during the blink, so it was certainly eventful, but time sure does fly.  You may be asking what happened in real estate this year (though if you've been reading my blogs or these newsletters you [...]

The REAL Market Update

By |2023-12-18T13:03:22-05:00December 18th, 2023|

The Math says don't wait to purchase! Rates have come down for 5 straight weeks now and are down almost 1%! This is excellent news for all involved in the market.  And this particularly impacts the affordability calculus for purchasers and move-up buyers that are tethered to their current lower-rate mortgages. But there [...]

December Newsletter

By |2023-12-06T12:39:22-05:00December 6th, 2023|

December Market Update & Newsletter As we all know, today's headlines tend to focus more on capturing attention rather than accurately representing reality.  It would be nice if the headlines provided insight into the facts and accurate analysis to follow, wouldn't it?  Unfortunately, many of these headlines contain misleading statements such as "skyrocketing [...]

The REAL Market Update

By |2023-12-01T17:02:39-05:00December 1st, 2023|

The Holiday Season Market is upon us The Holiday Market has taken full root, but there are some encouraging signs on the horizon for the real estate market. First off some of the raw data.  Last week inventory was down 11% from the previous week to a total of 1,673 homes for sale [...]

Platinum Club

By |2023-10-29T11:45:41-04:00October 29th, 2023|

The Actual Costs of Borrowing vs Interest Rates Everyone who has a mortgage or who will be getting one soon is rightfully paying attention to what is happening with long term mortgage interest rates.  For years analyzing your Actual Costs of Borrowing was straightforward since there was essentially no interest being paid on [...]

October Newsletter

By |2023-10-19T15:26:12-04:00October 19th, 2023|

October Market Update & Newsletter The Federal Government was able to avoid a shutdown by passing a last-minute funding deal to keep the government open for 45 days. One of the keys to getting this temporary measure passed was removing the funding for Ukraine and its war against Russia. This is a short-term [...]

September Newsletter

By |2023-09-25T14:01:42-04:00September 25th, 2023|

September Market Update & Newsletter Is it seasonality or is it a slowdown?  This is the big question on many minds in the real estate business.  One of you asked me about it this morning!  Until recently, we had always experienced a slower August, but during the COVID/Pandemic years, which really leveled out [...]

Platinum Club

By |2023-09-21T14:30:23-04:00September 21st, 2023|

Finally a bump in inventory! It's all about context as we are at 1,961 listings in the NOVA area, which is about a third of what we'd like to see, but that is up 11% from 2 weeks ago!  We'll take it!  So what is behind that primarily?  Segue to some market trends [...]

The REAL Market Update

By |2023-09-25T13:13:07-04:00September 21st, 2023|

Status Quo from the Fed:  What does that mean for the Real Estate market? Last week the Fed elected not to take any action on rates.  There are surely reasons for that, and what, if anything, do those reasons mean for the NOVA real estate market? The Fed is continuing in its quest [...]

Platinum Club

By |2023-08-25T16:14:27-04:00August 25th, 2023|

No "Bubble" Coming in the NOVA/DC area This sentiment from me is likely not new to those of you who regularly follow my blogs, but today I've got some incredibly reassuring numbers to enlighten you with.  For starters, let's look at the current loan and equity positions of Americans. Seriously delinquent loans are at [...]

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