2018 First Quarter Market Update

Dated: March 17 2018

Views: 14

The real estate market is constantly fluctuating based on many different factors. In this video, I discuss some of what the trends are from the first quarter heading into the second quarter coming up. A few of the main points are:

  • Interest rates are rising. The days where a 3.25% fixed rate was common have come to an end. 5, 10 & 15 year arms are becoming more popular as the rates are typically lower. We expect to see rates continue to rise, especially in the next two weeks. This is having an effect on buyers in that while many were waiting, they are now feeling the pressure to buy so they can get rates while they're still relatively low. 
  • Inventory is at an all-time LOW. This is actually country-wide. We're seeing a lot of multiple offer situations in the less than $750,000 price range. Buyers are having to be creative and competitive with their offers.
  • Rising interest rates + Pressure on the market from buyers COULD = Prices to likely increase

If you'd like to know more or are looking to buy or sell give us a shout at 703-338-0872

Latest Blog Posts

Price Your Home Appropriately

Here are three strategies to help you price your home correctly.Are you a homeowner who’s starting to think about selling your home? You’re probably wondering, “How should I price

Read More

4 Ways to Deliver Your Home to the Market

Here are the four ways to deliver your home to the real estate market.Are you thinking of selling your house and wondering whether you should do anything to improve it before putting it on the?

Read More

How to Maximize Your Home’s Value

Here are six tips to help you maximize your home’s value before you sell.Are you a homeowner who wants to maximize the value of your home? Do you want to walk away with the most money possible

Read More

3 Strategies on How to Buy and Sell Real Estate at the Same Time

Are you a homeowner who really wants to buy but isn’t sure how to sell your home and buy at the same time? There are two key things that you need to think about : 1. Is your home purchase

Read More