qualified realtor: Is the housing market on PEDS?
- 08/05/13 07:51 AM
Is the housing market on PEDS? This is a question many home buyers may be asking themselves right now. Many parts of the country are experiencing a robust housing rebound, including Northern Virginia. Here in Prince William County, we are seeing higher prices and fewer days on the market(DOM) than the past several years. The PEDS (performance-enhancing drugs) in the Prince William County real estate market have been historically low mortgage rates and pent up demand for housing, resulting in very low inventory. The result of this low inventory, coupled with one of the nation's lowest unemployment rate(5.1%), has been that … (0 comments)
Is the housing market on PEDS? This is a question many home buyers may be asking themselves right now. Many parts of the country are experiencing a robust housing rebound, including Northern Virginia. Here in Prince William County, we are seeing higher prices and fewer days on the market(DOM) than the past several years. The PEDS (performance-enhancing drugs) in the Prince William County real estate market have been historically low mortgage rates and pent up demand for housing, resulting in very low inventory.
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