There has been a lot of talk lately about some real estate markets across the country now being "over priced" based on a number criteria like job creation and affordability. First, one news source will run a piece or an article about this and then another jumps on the bandwagon and next thing you know all the talk is around an inevitable "real estate bubble". Washington, DC is one of those markets that has been identified.
In the political town we live in, I'm sure you've heard the saying "all politics is local". Well, the same holds true for real estate. And there are certain sections of The District of Columbia that have had some real price increases based on supply and demand. But is there a "bubble" or the danger of the market falling back?
Well, I suggest you might have a listen to David Howell in the video below. Mr. Howell is the Chief-Information-Officer for McEnearney Associates and has been responsible for keeping better track of all of the key real estate statistics in the DC area for the past 22+ years than anyone I know. He's seen the good, bad and ugly. And I'm glad he is on my team.
Click below to see the "StatPak" for the area you live in (or the area you are considering buying a home) for August 2017. The first page is our "Market-In-A-Minute" Report. It will give you the most important information overview for your area. If you really want to dig into the number and see the graphs and charts, you can filter through 10 more pages of data that make up our monthly report. And lastly, if you have any questions, don't hesitate to give me a call. I'm looking forward to talking with you.