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The REAL Market Update

By |2023-08-09T16:35:40-04:00August 9th, 2023|

Big Things Happening the Next 3 Days in the Mortgage Market! This week's update is a little different.  Starting today (8-9-2023) we have 3 influential things happening in the financial realm that have the potential to alter the short term outlook for mortgage rates.  The first is that today the Treasury is doing [...]

Platinum Club

By |2023-07-24T08:15:29-04:00July 24th, 2023|

 The REAL effect of interest rates on the market People think of the effect of interest rates on purchasing power, and thus demand and pricing, and that is true and important but it doesn't lay out the full picture. Every 1% decline in rates brings 5 million more prospective buyers into play (and [...]

July Newsletter

By |2023-08-03T17:14:17-04:00July 21st, 2023|

July Market Update & Newsletter As we enter the Dog Days of Summer, how will the real estate market respond?  Many are predicting that we will experience a typical seasonal slowdown.  However, buyer demand is expected to continue, and sales are projected to stay on course.  It remains uncertain whether more sellers will put their homes [...]

June Newsletter

By |2023-06-27T17:19:07-04:00June 27th, 2023|

June Market Update & Newsletter Amazement continues in the real estate market.  As many of you know, interest  rates more than doubled in a 6 month period.  From May to November, the rates went from 3.5% to over 7%.  At that time, the market nearly came to a halt as there was much [...]

May Newsletter

By |2023-05-26T13:05:23-04:00May 26th, 2023|

May Market Update & Newsletter The real estate market in Northern Virginia never ceases to amaze me. We continue to see a very low number of homes for sale with high demand even as interest rates continue moving slightly upward. This phenomenon is leaving us with less than a one month’s supply of [...]

9 New Kitchen Island Designs

By |2023-05-10T15:00:31-04:00May 10th, 2023|

9 New Kitchen Island Designs Kitchen Islands In....Formal Dining Rooms Out! When one of my friends/clients expanded their kitchen into their dining room area and installed an enormous kitchen island I dubbed "Greenland", little did I know she was ahead of the curve on design trends.  With more folks working from home and [...]

The REAL Market Update

By |2023-03-30T15:45:46-04:00March 30th, 2023|

The REAL Market Update The market has shifted....AGAIN! If you've been reading my posts since the beginning of the year you have observed how I have noted, week after week, despite reduced numbers of sales, far more homes are being sold than have been coming on the market.  This has brought us to [...]

March Newsletter

By |2023-03-26T15:16:58-04:00March 26th, 2023|

March Market Update & Newsletter And you thought roller coasters were only at amusement parks, right?  Well, it seems that they’re present in the real estate market as well.  In February we saw rates go from the high 5's to the high 6's in less than 10 days, and now they are just [...]

The REAL Market Update

By |2023-03-05T17:28:49-05:00March 5th, 2023|

The REAL Market Update Perception vs Reality Folks, there is a lot of misinformation out there about the real estate market, especially the regional market, that is leading to some terribly erroneous perceptions about the market in the coming years.  We were just discussing a survey which found that 67% of the respondents [...]

February Newsletter

By |2023-02-16T13:21:58-05:00February 16th, 2023|

February Market Update & Newsletter The real estate market is never boring – it’s always changing. These days it seems like it is doing so week to week.  Housing inventory, mortgage rates, buyer demand, consumer confidence, and so much more are consistently adjusting. So what has changed recently? For starters, buyer demand has [...]

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