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Tuesday, November 29, 2022

real estate

N.Va. home buyers, sellers both skittish as end of year approaches

Home prices across Northern Virginia continued to be propped up by a dearth of inventory across the region, as prospective sellers seem to be holding back in hopes of a stronger spring season. “Interesting dynamics are shaping our local market,...

Data: Buyers still willing to pay top dollar for Arlington homes

Home sales across Arlington are down, down, down, but that doesn’t mean buyers aren’t willing to open their checkbooks to get a property they really want, according to new data. The average sales price of single-family homes that went to...

Home-value appreciation continues, but pace is slowing

An overwhelming majority of metropolitan-area markets saw home-price gains in the third quarter of 2022 despite mortgage rates that approached 7 percent and declining sales, according to the National Association of Realtors’ latest quarterly report, and the Washington region...

Home-builders bummed as market conditions deteriorate further

Mortgage rates approaching 7 percent along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September. Following a brief uptick in August, sales of newly built,...

Home-builder confidence continues to be depressed

In a further signal that rising interest rates, building-material bottlenecks and elevated home prices continue to weaken the housing market, builder sentiment fell for the 10th straight month in October and traffic of prospective buyers fell to its lowest...

Prices teeter as Arlington home sales continue to dip

Year-over-year home sales across Arlington took their lumps in September, according to new data, and while average sales prices of condominiums were up, prices declined in the single-family and townhouse segments of the market. A total of 208 properties went...

Uh-oh: Region’s housing values seen as declining for next year

Analysts at Zillow have for much of 2022 been among the most bullish, expecting housing prices to hold steady and even rise despite the downturn in market conditions. But their thinking now is, in the Washington area at least, a...

Per-square-foot housing costs cooling across region

Another sign of the slowing local real-estate market: Sellers are getting less, on a per-square-foot basis, than they had earlier in the year. That’s according to data reported Sept. 12 by MarketStats by ShowingTime, based on listing data from Bright...

No surprise: $1 million buys less house than it used to

What will a million smackeroos buy someone in the local region’s real-estate market? A home slightly smaller than comparable for million-dollar properties nationally. That’s according to a new analysis from Zillow, which found that a home sold for $1 million...

Regional home prices still rising, but more slowly

The cooling local and national homes market is taking a chunk out of home-appreciation rates, but in the Washington area they remain on an upward trajectory. The median sales price for properties that went to closing across the Washington area...
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Newly selected economic-development czar is a neighbor

It’s another national search that ended up with a new department head coming from very close to home. Arlington County...
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