Regional Market Update: The DC regional housing market continues to see strong sales activity. The median prices for all home types in the region continue along a slow and steady rise.
NOVA Market Update: Northern VA home prices remain stable and activity rising over the same time last year, with the exception of Falls Church which saw a 15% decrease in sales activity over last September. Fairfax County median sales price year to date is $478,000.
Rate Update: After a small increase this summer interest rates are holding steady for the time being. Experts are not forecasting any major change in the Federal Interest Rate this fall, possibly this year. Consensus is the global economy remains too volatile for the Fed to be comfortable at the present time.
