Inventory is a Local Story
Like any market, the housing market is based on the relationship between supply and demand. On the supply side, months of inventory, i.e. how many months the current inventory will take to sell out if no new inventory is added, is a key metric that tells us if the market is favoring buyers or selle
Tale of Multiple Housing Markets
A few days ago the Wallstreet Journal published an article titled "A Tale of Two Housing Markets: Prices Fall in the West While the East Booms". This serves as a timely reminder that national news is not local news especially when it comes to the housing market. Our DC Metro market is divided into n
Where are Real Estate Prices Going This Spring?
The answer to this question largely depends on rates and inventory levels. We're seeing rates down a bit in the aftermath of the bank failures, and it’s possible that a new round of financial uncertainty will be favorable for borrowers. We're all waiting to see what happens at tomorrow's Fed meeting
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