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. Falls Church saw a 8.1% increase in medial sales price over last October. Fairfax County median sales price year to date is $475,000.
Rate Update: Interest rates on home loans have risen slightly in light of the recent good jobs numbers. Speculation about the Fed raising the prime rate this year continues. Freddie Mac announced that for the week ending November 12, 30-year fixed rates rose to 3.98% (up from 3.87% the week before).
