Northern Virginia Housing Market Report - September 2023 Week 4
By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
In the ever-evolving landscape of the real estate market, it's crucial to stay informed about the latest trends and developments. The DC Metro midweek market report brings you up-to-date insights into what's happening in the local real estate scene.The recent surge in interest rates, reaching a 22-year high at almost 7.5%, has understandably raised concerns among potential homebuyers. However, it's important to note that even in this challenging market, opportunities abound.Interest RatesOne of the most significant recent developments in the DC Metro real estate market is the surge in interest rates. At nearly 7.5%, these rates haven't been seen in over two decades. Naturally, this has caused some anxiety among prospective buyers, but it's crucial to remember that interest rates are onl...
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