We have a rebounding market in our region. There has been a lot of change and buyers are beginning to come back out. Let’s take a look at what that means. According to Yolanda Muckle, 2023 President, Maryland REALTORS®, January’s numbers may indicate a market that’s getting used to current conditions. Last November, the 30-year… Continue reading How’s the Market? February 2023
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Category: Blog
Housing Outlook 2023 – What can you expect?
What can you expect to see in 2023? Well we don’t have a crystal ball, but let me gather together some of the important facts and trends so that you know what to expect in 2023. How Does the Economy Look? The US GDP is up, unemployment is down (down to 3% or pre-pandemic level),… Continue reading Housing Outlook 2023 – What can you expect?
Woodside Park Neighborhood Tour
Woodside Park is one of the oldest suburbs in the DC area and one of the most sought after in Silver Spring. It is located between Georgia Ave on the west, Spring St on the south, Colesville Rd on the east, and Dale Dr and Columbia Blvd on the north. As its name implies, Woodside… Continue reading Woodside Park Neighborhood Tour
Jan 1, 2023 Housing Inventory
Happy New Year! Let’s get nerdy. Inventory has not risen during the economic slowdown. Months of inventory are coming up (Moco from 0.5 on 1/1/22 to 1.46 1/1/23 and DC to 3 months for single family and 4.5 months for condos), but we are still seeing a strong market. We are still in a seller’s… Continue reading Jan 1, 2023 Housing Inventory
How’s the Market? Dec 2022
Welcome back to the monthly series, How’s the Market? 2022 is officially over and I think we are all ready for a fresh start. Let’s start by looking at the key market stats for the DC area. Inventory The pace of sales is good – Montgomery County, PG, Fairfax, Loudon, Alexandria City are all under… Continue reading How’s the Market? Dec 2022
Woodmoor Neighborhood Tour
Have you heard of the Woodmoor neighborhood in Silver Spring? If not, have you heard of Four Corners? Four Corners is the intersection of Colesville Rd and University Blvd. The shopping plaza at that intersection is, in fact, called the Woodmoor Shopping Plaza and is our local spot for Starbucks, CVS, and Chipotle. One of… Continue reading Woodmoor Neighborhood Tour
How’s the Market? Nov 2022
Welcome back to my monthly blog “How’s the Market?” This is our Nov 2022 blog post which uses Oct 2022 data. First let’s start with a look at where we are compared to where we were in 2019, 2020, and 2021. Inventory One of the top items that we are all watching — Inventory. DC… Continue reading How’s the Market? Nov 2022
This time is different?
Let’s go back in time. In 2008, people were worried about losing their home in a foreclosure. A lot of homes hit the market, but there were not enough people to purchase them, and prices fell. 2008 is different. The housing bubble was a big factor in the actual recession itself. That is not the… Continue reading This time is different?
Downtown Silver Spring Neighborhood Tour
Hi, I’m Hannah Clancy-Thompson. I live in Silver Spring and I would love to tell you more about why I chose this unique community to call home. Silver Spring is part of Montgomery County and is located right outside the DC line. I chose to live in Silver Spring because I wanted to be close… Continue reading Downtown Silver Spring Neighborhood Tour
How’s the market? Oct 2022
How’s the Market? Welcome back to my monthly series “How’s the market?” where we talk about the current state of the market in the DC metro area. These are the September 2022 stats. Let’s check in on interest rates In June we were seeing rates around 6%. Since then the Federal fund rate has gone… Continue reading How’s the market? Oct 2022