Posted on August 17, 2011 by Corey Hart
Aug

17

2011

Visit the Videos section to view the video for your region. You can view the NoVa video below

Don't forget that you can upload these videos to your blog, website, and Facebook to keep your friends and clients engaged!

 

market analysis, videos
Posted on August 15, 2011 by Corey Hart
Aug

15

2011

The Q2-2011 MRIS Economic and Market Watch Report has been published and can be viewed here:

MRIS Economic and Market Watch Report - 2nd quarter (PDF)

To find historical versions of this quarterly report, use the "Get Reports" widget on the RBI home page or find them on the "Reports" tab of the Mid-Atlantic stats page.  RBI is still planning on integrating quarterly and yearly increments into our Interactive Chart offerings and Local Market Insight reports, stay tuned...

market analysis
Posted on August 11, 2011 by Corey Hart
Aug

11

2011

The Wall Street Journal picked up on the slight slippage in the DC Metro market, as reported by RBI, and posted the following: 

Is the Turmoil in D.C. Hobbling Its Housing Market?

The article quotes RBI contributor Jonathan Miller's idea that “the debt ceiling debate dominating media coverage for most of the month probably caused consumers to pause before making a purchase decision.” Real estate agent Pamela Dubois scoffed at the idea, expressing how busy she's been in Montgomery and noting that her fellow agents have been as well.

It's impossible to say for certain whether there has been any immediate impact from last month's three-ring circus, but it's certainly worth paying attention to what happens in the "super committee" later this year. If massive cuts to the federal workforce are included, we could certainly see a hike in the 3.3 month absorption rate reported in July as demand eases alongside the number of local jobs.  Not many metro areas (if any) can report a slight dip in activity like we did in July, yet still have such a strong sales pace per number of active listings. 

Posted on July 11, 2011 by Corey Hart
Jul

11

2011

 

June’s Pending Sales Total Hit 5,124 – Highest Since 2005; Median Sales Price Increased 7.3% Year-over-Year, Highest Level in Nearly 3 Years

 

View PDF version of this press release

 

Rockville, MD – (July 11, 2011) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by housing market expert Jonathan Miller of Miller Samuel, based on the June 2011 RBI Pending Home Sales Index™ released today:

 

Posted on July 11, 2011 by Corey Hart
Jul

11

2011

Buyers and Sellers Signed 2,585 Contracts in June – Most Since 2007 – Though Market Saw 5.3% Month-over-Month Seasonal Decline in New Pending Sales. Median Sales Price Increased 6.1% Month-over-Month to $235,500 but Remained 5.8% Below Last Year’s Level.

 

View PDF version of this press release

 

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