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DC Metro Housing Market - Valentine's Day Edition

Real Estate Agent with Samson Properties VA0225077251

Hey there, whether you were celebrating Valentine's, Galentine's, Friendship Day, or just making it through today, I hope you're having a fantastic time! Let's talk a bit about what's going on in the DC Metro housing market lately.

For those of us who've been around here for a while (like me, 25 years and counting!), we've seen the housing numbers climb up and up, which is pretty great news. But with that comes some challenges, especially for buyers. Interest rates recently hit 7%, and that meant some of my clients missed out on homes because of all the competition.

If you're thinking of selling, now's the time to act! Seriously, don't wait around for spring or summer—get your home on the market while the getting's good. And if you're considering investing elsewhere, I've got connections with realtors all over the country who can help you explore your options.

Oh, and if you're looking to rent out a property, keep in mind that the rental market in our area has slowed down a bit. So when you're setting your rental price, be realistic to attract tenants.

As for interest rates, don't expect them to drop anytime soon. The Fed isn't planning on reducing their bank rate, so we're probably looking at rates staying in the high six percent range for now.

Stay informed, and if you need any help navigating the housing market, don't hesitate to reach out. Here's to finding the perfect home sweet home!

Posted by

Associate Broker

NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties
Cell - 703-625-4949
Email - info@eNOVAHomes.com
Web: www.eNOVAHOMES.com
Residential real estate agent serving Northern Virginia in Fairfax & Loudoun county over a decade and almost $100+M in sales volume experience. 

Roy Kelley
Retired - Gaithersburg, MD

This is good information to share with families on the move.

Have a productive month.

Feb 15, 2024 10:16 AM