Real Estate Trends

McEnearney Market in a Minute: Northern Virginia (December 2016): “We’ve entered what is historically the slowest time of the year for contract activity, but by most measures the Northern Virginia real estate market is doing at least as well now as it did a year ago. In fact, the overall supply of homes on the market — just 2.4 months — is considerably less than it was last November.

Despite that relatively low supply, there isn’t much upward pressure on home prices, and the recent rise in mortgage interest rates isn’t going to help on that front. We know that rates remain incredibly low from a historical perspective, but prospective home purchasers “lost” roughly 6% of their buying power when rates moved from 3.5% to 4.0%. We don’t think that’s going to have a serious, negative impact on the market by any means, but it will mean that 2017 will look a lot like 2016.”

Click here to read the Market in a Minute for D.C.

Current Market Conditions: Winter 2016

Millennials and Real Estate 

Homeownership/Buying Trends

Rent vs. Buy

Exterior/Interior Trends

Updated Dec. 23, 2016