The Conference Board's Little Easter Egg
By Susan Isaacs, Realtor "The Momagent", Compass | Partnering with DOMO
(1313 14th St NW DC 20005)
What now??!I was reading the Conference Board's latest update as I wrote my June DC real estate market report, my spirits sinking lower with each paragraph, until.... June 2023 DC Real Estate Market Update The end of May is usually the time when DC real estate prices are jumping with each sale, bidding wars are the norm, and market activity is at its frenzied annual peak,. But this year, the outlook for late spring is about as sunny as yesterday’s weather. Last week, mortgage interest rates rose to near 7% again, slamming the door shut on home purchases for many buyers. Potential home sellers are aware that prices are softer than usual, even falling for some neighborhoods and home types, so they're holding back until the market improves, contributing to lower inventory vexing willing an...