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Monday, August 15, 2022

National Association of Realtors

Regional home values up 21% over past year

The Washington region saw year-over-year median home-sale prices rise just over 21 percent in the second quarter, slightly below the national increase in a market where affordability and inventory issues are leading to concerns about the future. The median sales...

Local condo-appreciation rates trail national growth

Though remaining above the national median sales price, the rate of appreciation in the Washington region’s condominium market trailed year-over-year national growth in the second quarter of 2021. And there may be a number of reasons why. The median sales price...

Data: COVID cuts into home sales to foreign buyers

No surprise here: Sales of existing homes to foreign buyers during the year of COVID were down significantly from normal times, with both those living in the U.S. and those investing from overseas stepping back. Perhaps the bigger surprise: That...

Sales of existing homes stall, but prices keep rising

Sales of existing homes are down but prices keep on rising, according to new monthly data from the National Association of Realtors. “Lack of inventory continues to be the overwhelming factor holding back home sales, falling affordability is simply...

COVID home shifts continue; less crowded areas benefit

The COVID-era shift of Americans seeking out less crowded areas for their new homes appears to be continuing, according to new data from the National Association of Realtors. “Housing demand continued to show the strongest gains in lower density markets...

Survey says: About a quarter of Realtors earn $100K or more

Despite the pandemic, 2020 saw the highest number of homes sold nationally (5.64 million) since 2006. And while some real-estate professionals are getting rich, it remains a largely middle-class profession, according to new data from the National Association of...

Region continues to see strong home-value appreciation

Year-over-year appreciation for single-family homes in the Washington region continues but remains slightly below the national average, according to new figures from the National Association of Realtors. The median sales price of an existing single-family home in the D.C. region...

Sellers cashing in on accumulated equity

Home-sellers nationally are taking away a median $66,000 in equity from their homes, after holding onto their property for a median 10 years, according to the National Association of Realtors’ 20201 “Home Buyers and Sellers Generational Trends” report. That median...

Think local homes are costly? Look at California …

The Washington region sits in the upper part of the middle of the pack when it comes to the household income needed to purchase a single-family home. Washingtonians would need income ranging from $77,058 per year to $91,507 per year,...

Region sees another bump up in median home sales

The median sales price of single-family homes across the Washington region rose 10.9 percent from a year before in the fourth quarter of 2020, according to new data from the National Association of Realtors (NAR). That is not quite a...
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Golf teams see plenty of tournament action

Of the local high-school golf teams in the Sun Gazette’s coverage areas, the McLean Highlanders have enjoyed the most...
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