Will the spring market bring home appreciation?

[Anonymous]

Anonymous wrote:If mortgage rates go down prices will go up.

Trump will force the new Fed chair to lower rates.

[Anonymous]

Anonymous wrote:My home in Rockville lost about 10% of its value this last year according to Zillow. Yikes!

Any hints of the spring market bringing May Flowers?

How come? That doesn’t make any sense. My home in Rockville appreciated by 8% last year.

[Anonymous]

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Anonymous wrote:rockvile and other far out communities are never a good bet. the fundemementals have come back that you need to live inside the beltway with good schools and safe neighborhoods. During COVID, everything blew up, including undeserving areas like Rockville.

I personally think that once the federal government allows 2 days a week of telework, these areas will bounce back strong

But when will that be. Once this nightmare is over I doubt restoring telework will be a big priority for whoever is president next.

A Democratic administration will do it.

Absolutely not. Dems are making workers come back 5 days a week. See above.

Yep. Property values will probably stagnate a little but once a Dem wins the presidency again it’s back to boom town. All the NYC and CA based strategists / party apparatus will migrate back with their Tier 1 city down payments and savings from a brutal primary (read - cash grab for strategists) and bid everything back up.

Just need to ride out any bumps over the short term.

Except working against that, homelessness and crime will increase again.

[Anonymous]

From Bright MLS

Regional Market Analysis
While the broader DMV is expected to see a slight price dip, market conditions will vary significantly by local area, with different parts of the region experiencing different trends.
Washington D.C. Region: A projected 1% drop in median sales price to $616,700, although total sales volume is expected to rise by 9.6% as more buyers re-enter the market due to easing mortgage rates.
North-Central Virginia: Prices are expected to see a modest increase of 1.5%.
Baltimore Area: A projected price increase of 2.5%.
Across the entire Mid-Atlantic: The median price is anticipated to rise by 2.6% to $436,270.

[Anonymous]

I dont think real estate will go up in most places. Why would it except for inflation? Younger adults cant afford houses, fertility rates are declining, wages are stagnating, family formation/marriage rates are down, old people aren’t moving and when they do nobody can afford to buy it and there will be a glut when they all die around the same time, job market is poor.

[Anonymous]

To add on I speak with a lot of younger adults and they like their stocks and crypto better as vessels of wealth. Some are also ascribing to what they’re calling financial nihilism and taking the vacation because they know they’ll never have a family or buy a house so why bother saving. You’ll only make it if mommy and daddy bank roll you.

[Anonymous]

Anonymous wrote:I'm not seeing any reason for demand to increase in Rockville in the next 6 months given the current state of federal employment and general unease about the economy. If you aren't selling it doesn't matter. Are you selling?

Feds can't buy houses even in most of Rockville now.

[Anonymous]

I can’t even rent my house right now. The whole market dried up.

[Anonymous]

Anonymous wrote:I can’t even rent my house right now. The whole market dried up.

Where is your house/what are you asking? I’m looking for a rental in or around Alexandria.

[Anonymous]

Anonymous wrote:I can’t even rent my house right now. The whole market dried up.

What neighborhood and what price point?

[Anonymous]

People working at the office helps keep competition from going overseas. Be happy there are jobs here.

[Anonymous]

OP, are you hoping to sell in the spring? Or just thinking long term? If long term, prices will go up again. The current decrease in prices is likely due to loss of federal jobs and a somewhat stagnant economy. I agree if interest rates go down, prices will likely go up somewhat. The loss of federal jobs though may be a longer term trend that will be slower to recover, at least for the next 3 years. I think it's likely though that Republicans will recognize the drag on the economy of the tarriffs and other Trump actions and will ease those somewhat.

But anyway, unless you have to sell your home now, it may be better to wait. Of course, you may get a relative bargain on your next home...

[Anonymous]

Anonymous wrote:

Anonymous wrote:If mortgage rates go down prices will go up.

Trump will force the new Fed chair to lower rates.

The Fed chair is one vote on the FOMC. Unless the chair can convince others to lower rates also, that one vote won't do anything.

[Anonymous]

Flat to downward trend next year.

Over the long term prices should go up.

[Anonymous]

Anonymous wrote:If mortgage rates go down prices will go up.

Mortgage rates will never go down with our national deficit like it is.