Housing Inventory Snapshot – April 2016

We hope you will find the following snapshot of April’s inventory statistics for the various regions and property types/values in our Northern Virginia Real Estate market informative.

This snapshot features new data points that we introduced last year. They show the trend of changes across several categories from 30 days prior. This can be a good way to lend some perspective to the numbers, bearing in mind that the natural life-cycle of the seasonal markets influence statistics heavily causing some months to be inherently more active than others as we have discussed previously.

2016-0511-housing-inventory-snapshot

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Borrowers Brace for Rate Hike Fallout

On Dec. 17th the Federal Reserve, and it’s chairwoman, Janet L. Yellen, decided to raise short-term interest rates for the first time since the financial crisis in early 2007. The Fed has stated that they intend to slowly and incrementally continue to raise the rate as long as the economy continues to grow. The 0.25% increase has left many wondering what changes they can expect to the mortgage interest rate market in the near term.

If you are curious about what some of the experts are saying I recommend that you start with this article on “First Tuesday Journal”
You may also be interested to see how the rates have fluctuated by monthly average since 1971 in this post from “Freddie Mac”

Drone Registration Requirement Approaches

Hubsan Drone
The weight of your drone matters

I encourage all drone owners to determine the flying weight of their unmanned aircraft system “UAS”, many of the very small ones are below the 250 gram minimum weight requirement. However, the responsibility for knowing if your UAS should be registered lies with the drone owner and there are steep fines associated with not registering. According the the FAA’s FAQ page: Failure to register an aircraft may result in regulatory and criminal sanctions. Continue reading

Regional Sales Continue to Increase…

The Washington, D.C. Metro Area housing market continued to see increases in closed and pending sales in October, with pending contracts at the best levels in a decade.  Median sales prices were comparable to both last year and last month [but showed a decline in the year over 5 year average].  Inventories continue to grow, driven by the highest October level of new listings since 2007, but at a continually slowing rate.

Key HousingTrends Metrics - DC Metro Area
With 12,676 active listings at the end of October, inventories increased for the 25th consecutive month.

…Year-to-date there have been 42,616 closed sales across the region, which is up 9.5% compared to last year, and all jurisdictions show increases in the number of sales compared to last year.

Median Sales Prices by Location - DC Metro Area
Median Sales Prices by Location – DC Metro Area

To read more, check out the article here: Full Article from RBI

Please let us know if you need our help with anything real estate related.

HOUSING INVENTORY SNAPSHOT – OCTOBER 2015

We hope you will find the following snapshot of October’s inventory statistics for the various regions and property types/values in our Northern Virginia Real Estate market informative.

This snapshot features new data points that we introduced earlier this year. They show the trend of changes across several categories from 30 days prior. This can be a good way to lend some perspective to the numbers, bearing in mind that the natural life-cycle of the seasonal markets influence statistics heavily causing some months to be inherently more active than others as we discussed last month.

This month the 30 Days Trend column for the Average List Price could raise a few eyebrows. October will usually have a strong showing when compared to August and November, and in all regions other than Arlington, the table appears to be set for that to play out. Showing insignificant reductions or increases across all price ranges and property types in all regions except Arlington where all price ranges and property types showed a reduction in average list price.

Please let us know if you need our help with anything real estate related.

2015-1106 Housing Inventory Snapshot
Housing Inventory Snapshot for October 2015

Safely Exchange Online Purchases & Sales

Online Shopping Safe Exchange Zones
Online Shopping Safe Exchange Zones

We have all heard the stories of terrible things happening to innocent people who’s only mistake was shopping online and agreeing to meet someone they don’t know in a strange place to complete a transaction. Continue reading

HOUSING INVENTORY SNAPSHOT – AUGUST 2015

We hope you will find the following snapshot of August’s inventory statistics for the various regions and property types/values in our Northern Virginia Real Estate market informative.

This snapshot features new data points that we introduced a few of months ago. They show the trend of changes across several categories from 30 days prior. This can be a good way to lend some perspective to the numbers, bearing in mind that the natural life-cycle of the seasonal markets influence statistics heavily causing some months to be inherently more active than others as we discussed last month.

Again this month the 30 Days Trend column for the Average DOM (Days On Market) active/sold is a good illustration of how August will usually behave, with the number of days on marketing growing and average prices dropping,

Please let us know if you need our help with anything real estate related.

2015-0908 Housing Inventory Snapshot
Housing Inventory Snapshot, August 2015