In 2021, we saw the housing market do some crazy things. Inventory remained low, while buyers—both those moving to the DMV and relocating within it—remained high. Pricing reached unpredictable highs, and the competition for a ratified contract was unfathomable. The housing shortage is still going strong throughout the nation, but the market has shifted a
Inventory is Low, but What Should You Really Compromise on?
While the market has settled slightly since the summer 2021 peak, inventory throughout the DMV and country remains slim. Nationwide active listings have declined by more than 20 percent and as we approach winter, a traditionally lower inventory time of year, it’s unlikely the listing rate will surge anytime soon. The good news is the
Exactly What To Look Out For If You’re Planning To Sell In 2021
2021 is definitely a great year for home sellers. Everything seems to be going their way. Homes are selling for well over the listed price and are usually only on the market for a few days. But there are still things sellers need to be aware of in this kind of whirlwind real estate market.
Exactly What to Look Out for If You’re a Buyer in 2021
So far, 2021 has been a very exciting time in the U.S. housing market. Buyers and sellers alike are taking advantage of this rare opportunity. While sellers are able to get top dollar for their homes and seeing incredible returns, buyers have access to historically low-interest rates which offset the higher asking prices and give
How to Tell If We’re Heading toward a Market Shift
For the better part of the last decade we’ve been in a seller’s market, and each year this seller’s market has gotten stronger. Even during the height of the COVID-19 pandemic in 2020, the U.S. real estate market reached record sale and sale price numbers despite the fact that the country was experiencing the worst
Is 2021 a Good Year to Buy a Rental Property?
In a market as hot as the one we’re experiencing, does it make sense to buy a rental property? The simple answer is, yes, as long as the numbers make sense for you. Just like purchasing a rental property in any other market, it all comes down to the potential profitability of the property and
Selling and Buying: How to Easily Transition to Your Next Home in 2021
Unless you’ve been living under a rock for the past 12 months you’re well aware the U.S. is experiencing an extremely strong seller’s market. That is great for sellers, except for the fact that the majority of those sellers are also buyers. The truth is that the process of selling and buying can be a
3 Reasons Why the Real Estate Market May Shift in 2021
Though indications point to an even stronger market U.S. real estate market in 2021, and most experts agree this year will see growth in both home sales and prices, there are a few unknowns that may threaten this market. After all, the housing crisis of 2008 caught many people in and outside the industry off
2020 Market Recap. How Did COVID Affect the Real Estate Market?
2020 was quite a year. The world faced the most severe medical crisis in over a century, millions of people were left jobless, and we all had to adapt to a brand new way of life. In the midst of this whirlwind, the U.S. real estate market underwent some predictable and very unpredictable changes. Most
Is The New Construction Home Market Down Due to COVID-19?
The recent impact of the COVID-19 pandemic is being felt around the world. Construction and engineering projects are being affected in many ways. Since this type of crisis is new to everyone, adjusting to the COVID-19 marketplace has not been easy. The global impact of COVID-19 on the construction industry is expected to evolve as
