Overall Market Snapshot Inventory Mortgage Rates How are interest rates affecting this? The higher interest rates are affecting the lower price end of the market more because those buyers are more impacted by financial changes. 10 year treasury bonds broke 5% which caused mortgage rates to hit 8%. The next Fed meeting was November 1.… Continue reading How’s the Market? October 2023
Your real estate wealth rescuer
Category: Real Estate
How’s the Market? February 2023
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
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
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
Hello Fall Market!
Welcome back to this September edition of my “How’s the Market?” series. This data is the Aug 2022 data. The Fall season is officially here! What are we seeing? There is a big cooling from this time last year, but that was a rare market. We are still doing better than Aug 2019. Inventory There… Continue reading Hello Fall Market!
How’s the Market? Is inventory rising? Are prices decreasing?
Welcome back for your July Market Update (Data from June 2022). Market Trends Home sales are slowing. The number of pending contracts is down 21% compared to last year. This is the largest decline since the spring of 2020 (original covid slowdown). Inventory is increasing in some submarkets, but still decreasing in other markets. This… Continue reading How’s the Market? Is inventory rising? Are prices decreasing?
Interior Design Trends 2022
Interior Design Trends for 2022 Color of the Year Pantone Color of the Year 2022, Veri PeriBenjamin Moore Color of the Year 2022, October MistSherwin Williams Color of the Year 2002, Evergreen Fog Biophilic Design Nature and a connection to nature is in. Bring more plants into your interior spaces and use natural materials. Natural… Continue reading Interior Design Trends 2022