McEnearney Market in a Minute – Northern Virginia (March 2018): “Northern Virginia now has the strongest real estate market in the metro area, despite the drop in contract activity. Much of that decline stems from the simple fact that there is so little inventory on the market. There is just a half-month supply of homes priced under $500,000. With homes selling in an average of just 31 days and three-quarters of all homes going under contract on the market for less than 30 days, it is clear that the buyer demand is high, but those purchasers don’t have a lot of choices. With fewer new listings coming on the market as well, this imbalance is likely to persist through the spring market.”
Click here for Market in a Minute – Washington, D.C.
Current Market Conditions: Spring 2019
- Market trends for the second 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 (McEnearney Associates)
- The three charts that indicate the spring housing market may favor buyers (UrbanTurfDC)
- The Shutdown Effect dissipates in February, but the D.C. housing market is still seesawing (UrbanTurfDC)
- Mortgage rates remain at lowest level in a year (UrbanTurfDC)
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)
- 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)
- 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)
Exterior/Interior Trends
- Find out the new, hot home color for 2019 (REALTOR Magazine)
- Too customized to sell? (New York Times)
- The return of the luxurious retro kitchen (Wall Street Journal: Real Estate)
- Ditching the Tub (New York Times)
Updated March 17, 2019
