Direct: (202) 302-1213

The spring market is here (It’s different, but it’s here!)

by Ira Hersh· April 16, 2020· in Uncategorized· 0 comments tags: COVID-19, DMV Real Estate, DMV Realtors, Make Your Move, Selling the DMV, Spring Market, The Hersh Group
The beginning of April is typically real estate’s busy season, the height of the spring market, with sellers hosting open houses and buyers out touring properties. This year has been very different, as the COVID-19 pandemic has prompted stay-at-home orders across our area, and companies nationwide, including Long & Foster, have taken to conducting business virtually. The way we’re serving clients is definitely different, but what isn’t is our commitment to your safety and satisfaction. Many consumers have hit the pause button, taking this time instead to focus on their families, but demand has not fundamentally shifted. Likewise, some people still need to make a move and are leveraging low interest rates to do so. As of April 9, the 30-year fixed rate was an attractive 3.33%, according to Freddie Mac, prompting refinances for current owners and increasing buying power for shoppers. For those consumers who are currently buying or selling, our team still here for you! We’re leveraging technology to support you while following CDC and local guidelines for social distancing. From virtual tours to online closings, we’re helping consumers find their way home, from home. This past week alone, Long & Foster added over 650 new listings with […]
Read More

The 2019 Real Estate Year in Review (plus a look ahead to 2020)

by Ira Hersh· January 15, 2020· in Buying, Market, Market Trends, Real Estate Predictions, Real Estate Report, Selling· 0 comments tags: DC Real Estate, Delaware beach real estate, DMV, Make Your Move, Market update, MD real estate, Real estate, Review, Selling the DMV, The Hersh Group, VA real estate, Washington DC Real Estate
Happy New Year!  The start of the year is always an exciting time for us at The Hersh Group.  It’s a chance to plan for the future and review as we look back on the past year.  It’s also when we hear from many clients who want to know how the past year in real estate ended, and where the next is headed. Getting perspective on the past year’s trends helps us see how the future will unfold.  Here are a few of the key developments the real estate market experienced in 2019. Interest rates were low, so money was cheap.  While experts predicted a rise in interest rates last year, we saw drops below 4%.  These low rates are expected to continue in the year ahead unless something changes bringing calm to the world economy. Demand for housing was ample, although supply was limited.  It remained a sellers’ market in 2019 across most areas at the low to mid-level price points, with a continued lack of inventory for sale. Homeownership rates rose, thanks to low mortgage rates.  Buying continued to be more economical than renting as rates dropped, and that brought a jump in homeownership rates, according to Census Bureau […]
Read More
The Hersh Group
The Hersh Group - Trusted Real Estate Advisors
Trusted Real Estate Advisors

(202) 237-1340

Subscribe to the newsletter to stay in the loop with The Hersh Group.

  • This field is for validation purposes and should be left unchanged.

Long & Foster Real Estate Forbes Global Properties