When consumers start thinking of buying or selling a home, the first that pops into most everyone’s mind is spring market — the time of year when the most inventory comes on and when competition is at its fiercest. However, with 90 percent of homebuyers today starting their search online, along with the masses of information available online before ever engaging with a real estate agent or mortgage lender, the traditional guiding principles seem to be something of the past.
A new administration, rising interest rates and a housing market that continues to be competitive will make 2017 an interesting year for real estate. Here’s what I’ve seen on the ground this year in Northern Virginia and Washington, D.C. and predict for the year ahead.
How did you get started in the real estate industry?
My background is in journalism, and I used to work as a newspaper reporter. As my husband and I were planning to move back to the States after serving two years overseas with the State Dept., a colleague suggested to me that I’d be great in real estate. I looked into what it would take to get a license. I ended up taking the licensure classes and sat for the national, Virginia and D.C. exams when we got back. And that was almost two years ago!
No matter how long you live in the Washington D.C., Maryland or Virginia area, you can never get tired of gorgeous fall foliage. The reds and yellows and oranges are so intense, and driving through the countryside and mountains gives you the pleasure of watching the most stunning season change ever.
The next two months will be jam-packed with festivals, holidays, and parades. Here are some fun things to do in DC, Maryland and Northern Virginia leading up to the holiday season.
Veterans Day is celebrated on Nov. 11, the same day that World War I ended in 1918. It was originally established as a way to honor the Americans who had served in that war. Today, the holiday serves to honor veterans of all wars who have displayed patriotism and willingness to serve and sacrifice for this country. To recognize and celebrate these brave men and women, there will be plenty of events around the country, especially right here in the nation’s capital. We’re proud to say that our nation’s first responders are among the honorees.
Local Real Estate News
- More evidence of how farther-out communities are losing favor with buyers (via Washington Post)
- A new Apartment List study shows that shifts in the housing market are putting more and more pressure on renters, exacerbating inequality. (via Curbed DC)
- A record 60.6 million Americans are living with grandma and grandpa. (via CityLab)
- In D.C., most want to own a home, but can’t (via Curbed DC)
- D.C.’s most and least income-impacted ZIP codes (via Curbed DC)