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August, a month synonymous with warmth, adventure, and a vibrant energy, has arrived with its unique charm and allure. As the sun-soaked days stretch on, August offers us the perfect opportunity to slow down, bask in the warmth, and appreciate the simple pleasures that life has to offer us. As always, we have curated a collection of recommended reads, thought-provoking articles, and noteworthy resources to expand your knowledge ands stimulate your curiosity.
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Checking in on Home Prices in the DMV
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After a peak in the spring of 2022, median sale prices in the DMV generally underwent a period of modest decline, attributed to a series of Fed rate increases and broader economic uncertainty. The data from Q2 of 2023 suggest that decline may be reverting to the longer term upward trend. How can that be?
Upward pressure on prices has come from resilient demand and very low supply, with the number of active listings in the DMV down 20% from 2022 and more than 50% from 2019. Looking forward, projected decreases in mortgage rates will likely result in pent-up buyer demand returning to the market, increasing competition for homes. Upward pressure on prices is also coming from the large population bulge of millennials entering the age of first-time home buying and eventually move-up buying.
Interested in learning more? Give us a call!
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SILVER SPRING INTERNATIONAL FOOD & CRAFT FESTIVAL
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A celebration of the the Nations! From great food, to crafts and music, this festival is guaranteed fun for the entire family!
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This annual event is one of the largest free events offered on the East Coast. Fun for all ages to enjoy all the festivities that the country fair offers!
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AUGUST 28TH - SEPTEMBER 3RD
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Now is the time to try a restaurant that you have never been to. Click here to see a full list of participating restaurants during lunch and dinner hours.
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Lifestyle Tips and Tricks
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The Best Paint Colors for Every Room
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Paint colors matter. They convey a mood and a sense of style and can define a space.
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What to Know About Your Homes Property Lines
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Learn how to find out where your property lines are, and why property lines are so important.
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9 Contemporary Interior Design Tips You Haven't Heard Before
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Current contemporary spaces have an easy, warm feel to them. Far from formulaic, they can be eclectic or even fun.
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4 BD 4 BA 2537 SF $1,025,000
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2 BD 1 BA 842 SF $265,000
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4141 North Henderson Road, Unit 224
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2 BD 2 BA 1425 SF $570,000
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Thanks for reading and subscribing! Ready to achieve your next real estate goal?
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Clark & Carle Group of Compass
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Office: 301-298-1001
Compass Real Estate is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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