April Showers Bring May Houses

You see it at every corner.  Elizabeth Razzi from the Post will explore new home construction every Sunday. 

There are 40,409 new, single-family houses on the market in the Maryland and Virginia suburbs, according to Hanley Wood Market Intelligence, a construction-industry research company. That doesn’t include condominiums, which are certainly in flush supply, or even townhouses. And nearly one-third of that unsold inventory sits in just two jurisdictions, Prince George’s and Loudoun counties.

To see this article, please click here.

NVAR’S SPRING PREDICTIONS

Home Shoppers will Find Plenty of Choices this Spring

Potential homebuyers in Northern Virginia will continue to have many choices and negotiating tools as spring moves forward, while interest rates remain at favorable levels, below where they were one year ago.The Northern Virginia market slowed slightly in March, but seems to be following similar trends to the national market. National Association of REALTORS Chief Economist David Lereah noted recently that home sales data suggests an underlying stabilization in the housing market, but it will take another month or two to clarify.

Be sure to check out the numbers from March here.  Or, continue reading the article.