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 [...]
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 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 [...]
January Market Update & Newsletter It's time for me to make my predictions on the upcoming year in real estate, so here we go! People are always interested in the prices of their homes, in their neighborhoods, and in their cities, so I will start there. Despite a literal roller coaster ride in [...]
The REAL Market Update It's a new year, and yes a new market! Market shifts occur when a whole bunch of people make up their mind to do a similar thing at about the same time. These things happen for a host of reasons, but given the contemplative nature of all of us [...]
December Market Update & Newsletter In the blink of an eye, this year is coming to a close. It has been a true whirlwind, to say the least, regarding the real estate market, hasn't it? We had a furious pace of sales and activity at the beginning of the year with artificially low [...]
October Market Update & Newsletter As we enter the last quarter of the year and with Fall and Halloween quickly approaching, here’s my question: is the real estate market going to experience a trick or a treat? We are all hoping for a treat but as mortgage interest rates rise along with continued inflation, it sure [...]
September Market Update & Newsletter Summer is coming to an end! The question is, is the real estate market coming to an end as well? If you read the headlines, watch the news, and talk with co-workers and family members (not real estate professionals), one could be forgiven for thinking that the answer [...]
August Market Update & Newsletter It’s the dog days of summer, and like the weather the real estate market generally acts like that in August. Typically, the market sees less activity in August - people go on vacation, the showings slow, and prices moderate. Nothing to be concerned about, but the difference is [...]
The anecdotal evidence from my brokerage firm and the data continue to tell the story of a still robust Northern Virginia market but one that is moderating. Inventory this week is up to 3,824 homes. Slightly better than 2021 which was at 3,571. But home sales themselves have taken a DEEP dive year [...]