McEnearney Market in a Minute – Northern Virginia (October 2018): “Northern Virginia’s real estate market remains pretty strong overall, but in September, it was a little … quieter. Contract activity was down compared to last September, as was inventory and the number of new listings coming on the market. And the early part of October is mirroring those results. Absorption rates are down a bit as well. None of these indicators are cause for alarm – as we have noted during the past few months, we’re in the early stages of a market transitioning to a period of more balanced supply and demand. But there is the possibility of a game-changer: we’re all awaiting Amazon’s decision about the location of their HQ2 and the prospect of 50,000 new jobs over the next decade. ”
Click here for Market in a Minute – Washington, D.C.
Current Market Conditions: Fall 2018
- N.Va. housing market shows signs of balancing out (Washington Post)
- Market trends for the first half of 2018, featuring separate reports for Alexandria, Arlington County and Falls Church City, Northern Virginia, Loudoun/Fauquier/Prince William counties, Washington, D.C. and Suburban Maryland
- Realtors: N.Va. market not being held back by interest rates, tax changes (Inside NoVA)
- The state of housing confidence in 2018 (MSN Money)
- Nearly $83K is the salary needed to buy a typical home in D.C. (Curbed DC)
- Rent-burdened in D.C.: About half city’s tenant households confront crushing costs (Curbed DC)
Homeownership/Buying Trends
- How to buy your first place if you’ve been living in your parents’ basement (Washington Post)
- Rent vs. Buy: Suburban Edition (New York Times)
- Nearly half of D.C.-area homebuyers are Millennials (UrbanTurf DC)
- D.C. gets its first-ever affordable housing site with specific units for ‘grandfamilies’’ (Curbed DC)
- D.C.’s million-dollar neighborhoods (Urban Turf)
- D.C.’s central A/C premium (Urban Turf)
- A new report estimates how long it takes to save for a down payment in D.C. (Curbed DC)
- Low credit scores cost home buyers real money (Washington Post)
- Home ownership can still be a realistic goal for certain Washington-area renters (Greater Greater Washington)
- To buy or to rent: The great homeownership debate (Curbed)
- Their estimates may be off base … but why Zillow addicts can’t look away (New York Times)
- The American Starter Home: Expensive, small, broken down and hard to find (Trulia)
- Tax bill: Some realtors see cooling off, not collapse, of high-end home market (Curbed)
- Here’s what the final version of the tax bill means to homeowners, buyers and sellers (Washington Post)
- In the 100 largest U.S. housing markets, 9 out of 10 retirement-age baby boomers and older Americans want to stay in their homes (Wall Street Journal: Real Estate)
- Why homes in the suburbs may get hot again in 2018 (Washington Post)
Exterior/Interior Trends
- Find out the new, hot home color for 2019 (REALTOR Magazine)
- Too customized to sell? (New York Times)
- The Forecast: 2018 Trends in Staging (REALTOR Magazine)
- The return of the luxurious retro kitchen (Wall Street Journal: Real Estate)
- Ditching the Tub (New York Times)
Updated Oct. 22, 2018
