Regional Market Update: The DC regional housing market continues to see strong sales activity. Regional sales activity is at it's highest level in nine years, and the median prices for all types of homes in most sectors of the region continue along a slow and steady rise.
NOVA Market Update: Northern VA home prices remain stable. Arlington and Alexandria saw 3.9% and 3.0 % increases from this time last year. Fairfax County saw a slight decrease (0.3%) in median sales price but a significant increase in sales (19.3%).
Rate Update: Interest rates are rising. Good news in our economy has been steady for long enough that we are starting to see the rates increase as predicted. For example: 30-year fixed rates recently rose to 4.09% from 4.04%. While they are going up, do keep in mind that rates are still historically low making this a good time to buy.
