Sellers continue to rule the roost throughout the D.C. region, as prices (and inflation) continued to climb in February, while active inventory remained quite low. How low is inventory? Just take a look at last month. Washington, D.C. active listings were down 11 percent compared to February 2021. And most of the region reflected the same when comparing the two months. … [Read more...] about Springtime Sprint for Area Homebuyers Competition still stiff as inflation and economy prompt questions.
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Strong Sellers’ Market Throughout Region in 2021 How might market forces influence the coming year?
Limited inventory drove pretty much all of the 2021 real estate market, but how might internal and external market forces influence 2022? It’s tough to say at this point. If interest rates remain low—they’re around the 3.6 percent and have crept up in the past few months—and inventory remains as tight as it’s been the past couple of years, we may see a continuation of the … [Read more...] about Strong Sellers’ Market Throughout Region in 2021 How might market forces influence the coming year?
Stellar Year Wrapping Up for Home Sellers High inflation and uncertainty still looms as we head toward 2022.
Though still very much a seller’s market, buyers saw some easing in October, particularly in Prince William and Prince Georges counties, but overall, prices are moving in all sorts of directions. We tend to see market adjustments throughout the year, but add some external financial influences, and the “whys” tend to vary. Compared to October 2020, average home sale prices … [Read more...] about Stellar Year Wrapping Up for Home Sellers High inflation and uncertainty still looms as we head toward 2022.
Maryland Toll Lane Expansion to Include I-495, I-270, I-370
Montgomery County homeowners and future buyers from near the American Legion Bridge up through Rockville will soon see some major traffic changes as officials move forward on toll lanes into 2020. While construction typically presents challenges, toll lanes can offer commuters choices when navigating rush hour, making an already sought-after location even more appealing for … [Read more...] about Maryland Toll Lane Expansion to Include I-495, I-270, I-370
Lending Rule Changes Take Effect Monday
The Urban Turf offers some helpful information on new lending rules set to take effect on Oct 3: "What DC Homebuyers Need to Know Starting Monday. New home loan applications received on or after this Saturday will be subject to the Consumer Financial Protection Bureau’s final rule for TRID. TRID stands for TILA-RESPA Integrated Disclosures, forms that will replace existing … [Read more...] about Lending Rule Changes Take Effect Monday