Low SFH inventory in NOVA

[VADude]

Supply and demand at work, but traditionally more houses open up on the spring as people are more likely to move to accommodate school years. A few years ago when the economy was much worse prices and supply were great. Now of course it is reversed and is likely to stay this way unless the economy worsens, interest rates go up substantially or prices go up too high.

In general this area has held up well during all types of economy due to the federal presence. It's the far outer burbs that suffer. I am three miles from the new Silver Line. I expect it will add tens of thousands of dollars, at least, to my house when I sell it in 2015. Location, location.

What is on the market and is not overpriced will be subject to intense bidder wars. I wish you luck.

[EastIndian]

Originally Posted by VADude

Supply and demand at work, but traditionally more houses open up on the spring as people are more likely to move to accommodate school years. A few years ago when the economy was much worse prices and supply were great. Now of course it is reversed and is likely to stay this way unless the economy worsens, interest rates go up substantially or prices go up too high.

In general this area has held up well during all types of economy due to the federal presence. It's the far outer burbs that suffer. I am three miles from the new Silver Line. I expect it will add tens of thousands of dollars, at least, to my house when I sell it in 2015. Location, location.

What is on the market and is not overpriced will be subject to intense bidder wars. I wish you luck.

Ok, thank you. We will continue to monitor the state of affairs, hopefully will be a homeowner before summer.