March 20, 2020 – It’s been a challenging few weeks across our country, as the coronavirus (COVID-19) pandemic has grown. Numerous employers, including our own team at Long & Foster, have moved to a telework capacity, helping ensure the safety of our teams and the broader community. Putting people first is our priority, as it […]
REAL ESTATE MARKET UPDATES
What Effect Do World Events Have on the U.S. Housing Market?
Mortgage rates: buyers should have more purchasing power throughout 2020.
Consumer confidence. Consumer confidence is an economic indicator that measures consumer optimism about the economy and their personal financial outlook…
Key Developments in the Real Estate Market: What Happened in 2019? What Can we Expect for 2020?
Key Developments the Real Estate Market: What Happened in 2019? What Can we Expect for 2020? Interest rates were low, so money was cheap. Demand for housing was ample, although supply was limited. Homeownership rates rose, thanks to low mortgage rates. Healthy conditions were reported in the job and stock market. Concerns lowered for a potential recession. Altogether, 2019 brought positive news to the housing market and 2020 is likely to see the same. If you’re interested in learning more about the market or looking to buy or sell this year (or if you know someone that may), let me know. I’m here to answer all your questions.
Real Estate Market in 2020
Washington DC real estate market indicators:
Resolution of uncertainty in the world economy could affect interest rates.
Consumer confidence will remain strong.
Inventory issues will continue to affect buyers looking for low- to mid-priced homes.
New construction, especially of starter homes, may slow.
Price appreciation will remain healthy.
Home sales will be brisk, particularly for low- to mid-priced homes.
No Housing Bubble
Home Values: DEFINITELY NOT in Bubble Range!! There are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a graph of home prices from 2000 […]
DC Real Estate Market Trend History
The DC real estate market trends in home sale prices has many people talking about home values in terms of where they are now, where they were and, of course, where they are headed. It’s interesting to look back and see how home prices compare to values prior to the housing crisis. Annually, Freddie Mac releases their House […]
Housing Bubble?
According to Warren Buffet: “There is no housing bubble” May 5, 2016. With nationwide home prices expected to appreciate by more than 5% this year, questions are arising about the possibility of a new housing bubble forming. Warren Buffet addressed this issue last week in an article by Fortune Magazine… “I don’t see a nationwide […]