The current real estate market in Northern Virginia continues to evolve. It feels like we’re on the cusp of change. With decreasing inflation, lower mortgage interest rates, increasing housing inventory, upcoming elections, and the end of the summer season,...
The real estate market is a dynamic and ever-evolving landscape, shaped by a myriad of factors including economic shifts. In 2024, the industry continues to experience significant transformations, with emerging trends reshaping how properties are bought, sold, and...
The Bureau of Labor Statistics released the Consumer Price Index (CPI) Report for the end of April 2024. The latest figure is at 3.4%, which is 0.1% less from last month. This number is not getting much closer to the 2% goal set by the Federal Reserve. Here’s...
The data for the real estate market in Northern Virginia are showing some real positives. In spite of a higher inflation rate (now 3.5%, the economy is still strong with lower unemployment rates, higher wages, and more consumer spending. It seems the public are...
This month’s real estate market update March 2024 in Northern Virginia is all about the Spring Market. Home prices are up 4% from the previous month; closed home sales are up 27%, and home inventory is up 14%. The year is off to a great start. Mortgage interest...
