Regional Market Update: The DC Regional housing market continued to see strong sales activity in August. An increase in inventory resulted in a slight decrease in median sales price for the region, and increased median days on market.
NOVA market Update: The median sales price in Northern VA declined slightly in August, but remains healthy (and higher than the 5 year average). Fairfax Co. median sale price was $476,500, down 0.3% from August 2014.
Rate Update: Interest rates are still holding steady, though analysts continue to point to the trouble in China's stock market as a possible reason the fed may hold off a bit longer before raising them significantly.
