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Demand will continue to exceed supply. Supply of homes for sale at an all-time low, showing the tightest housing market on record. Active listings declined 51% over last year
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Home prices will continue to surge in double digits due to tight supply and low interest rates. All-time high in home prices
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More buyers will enter the market due to improving economy and millennials reaching their prime home-buying years
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Continued housing demand in lower density suburbs given increase in work from home fueled by the Pandemic
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Average days on Market 32 days less than last year
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With majority of population vaccinated, more sellers will bring their homes to the market for sale which will relieve some of the competitive pressure buyers are facing
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Mortgage rates will edge up into the mid-to-low 3% range for 30 year fixed rate mortgages
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Unemployment declining helping economy & housing market
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Building materials & construction costs will continue to increase raising the prices of new construction
- WFP will continue to be #1 independently owned carriage trade real estate firm in the Capital Region
Sources: Freddie Mac, NAR, Forbes, Inman, Zillow, Realtor.com
(202) 361-3228
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THANK YOU! I am truly honored to be ranked among “America’s Best” which represents the top 1.5% of real estate professionals in the United States. Thank you to my clients past and present for your loyalty. The inspiration and support from my dream team and colleagues at Washington Fine Properties create the best possible experience for my clients!
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This year's real estate market is the strongest we've ever seen! Homes are scarce and demand is high. Working with an experienced agent is more important than ever.
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9009 Springs Road Warrenton VA | $2,495,000
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Bitcoin Currency Accepted! 2550 28th St NW | $2,695,000
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UNDER CONTRACT - 3623 Raymond St | $1,500,000
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Morgan Heights - Only 2 Remaining!
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SOLD
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2717 Ontario Rd NW #101 | $749,000
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