Washington, D.C. has two property markets operating under entirely different rules, sometimes within the same zip code. Upper northwest single-family homes are selling quickly while urban condos sit unsold for months, according to David Bediz, Founder and Team Leader of Bediz Group, LLC. The divergence has less to do with price than with who the ...
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In most housing markets, buyers settle on a strategy and stick with it. Bid aggressively, or negotiate patiently. Move fast, or take your time. In the Washington, D.C., metro area right now, that single-strategy approach can cost you a home or cost you thousands in overpayment, because conditions on opposite sides of the Potomac are ...
In a metro area long defined by the stability of federal employment, the Washington, D.C. real estate market is splitting along lines that track closely with buyer mobility. Single-family homes in the District’s upper northwest neighborhoods are still selling quickly. Condos in historically strong areas like Dupont Circle and Logan Circle are sitting. And roughly ...
In the D.C. metro area this summer, homes are sitting longer than they did a year ago. Many sellers instinctively slash the asking price. But that reflex may be costing them money. Time on market is not always a pricing problem. Sometimes the issue is presentation, timing, or simply the pace at which the right ...
Across the Washington, Maryland, and Virginia region, thousands of agents help clients buy and sell homes each year. Among the recognitions available to them, one carries a distinct kind of weight, because it is not awarded on the basis of sales figures. It is decided by the people who have actually worked with agents. Each ...
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The most competitive segment of the Twin Cities housing market isn’t where most people assume. In the south metro – an area spanning Burnsville, Lakeville, Prior Lake, and surrounding communities – the lower end moves quickly and the upper end has been surprisingly active. The middle of the market is stuck, squeezed by a dynamic ...
Inventory in the Austin, Texas metro has loosened considerably since the pandemic-era frenzy. Buyers browsing online listings could reasonably conclude they have time to deliberate, compare, and negotiate. In the northwest suburbs – communities along the Highway 183 corridor running through Cedar Park, Leander, and Round Rock – that conclusion holds for most of the ...
Most housing markets along the California coast have loosened over the past two years as interest rates climbed and buyer urgency faded. Santa Barbara’s south coast – stretching from Carpinteria through Goleta – has loosened too, but from a starting point so tight that the current inventory level still registers as a seller’s market. With ...
A town of fewer than a thousand people would not normally register on an investor’s radar. But in Paw Paw, Illinois – roughly an hour south of Rockford and a couple hours west of Chicago – residential listings are moving under contract within weeks, prices have climbed from the $50,000–$70,000 range to the mid-$200s in ...
Most discussions of farmland values center on crop yields, commodity prices, and interest rates. In the dairy country of western Wisconsin, a different buyer is driving the market: the recreational hunter. Whitetail deer hunters have pushed per-acre prices beyond what agricultural economics alone would justify, creating a land market where habitat quality, trail camera history, ...
Move-in-ready homes on Chicago’s Northwest Side haven’t disappeared. They’ve just moved to the top of most buyers’ price range. With mortgage rates hovering near 7 percent and purchasing power compressed, a growing number of buyers in neighborhoods like Edison Park, Norwood Park, and Edgebrook are shifting their search toward homes that need work – a ...
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