Goldman Sachs: Fed to raise rates once a quarter until 2019

Goldman Sachs: Fed to raise rates once a quarter until 2019: The Federal Reserve elected to increase interest rates during its March meeting for the first time in 2018, but it’s far from done raising rates for the year, or so says a note Goldman Sachs sent to clients. In fact, the Fed could raise rates as quickly as once per quarter.

What Did You See in 2013?

What Did You See in 2013?

Around this time of year I am usually asked, “John what do you think will happen in the 2014 Real Estate market of Metro DC area? Remember, this includes Washington D.C., Maryland and Northern Virginia. Before I answer that, let's first recap 2013. As you probably have read and heard, 2013 was an exciting year in real estate. We had a healthy increase in home appreciation in the first couple of quarters and since then, it has tapered off. The increase occurred mostly because of low interest rates and low inventory due to banks holding off from flooding the market with foreclosures.

The low inventory and low interest rates fueled the market and we saw many multiple offer scenarios with less than a three month supply of homes in most market areas in the Washington DC Metro Area. The multiple offers created competition and subsequently, prices rose by an average of 10 - 13% depending on the area. In the 4th quarter, interest rates increased by about 1% and the government shut down tapered down the market. However, because of these factors the inventory has risen slightly to a more stable level.

2014 will be just as exciting. We will see more stabilization in the market, interest rates will rise 1% and we’re expecting approximately 5% appreciation in home values. If you’re looking to buy or sell, it’s time to engage the market place.  If you’re a potential buyer, this is a great time to enter the market because homes are still affordable and interest rates are still reasonable. Also if you purchase now, you probably won’t be in competition with other buyers.

As for sellers, there are motivated buyers in the market looking for homes just like yours and buyers in the market place today have either lost out on other buying opportunities, have to buy now or do not want to settle for a less expensive house when interest rates increase. Thus, the buyers in the marketplace today are serious buyers and not just tires kickers.

If you or anyone else has any real estate needs, please feel free to reach out to me by phone or email. Thanks and I look forward to our conversation!

Washington D.C. Real Estate Market Update 2013

Hello, my name is John Williams and welcome to my video blog! I will be sending you educational videos and inform you about what is happening in the Washington D.C., Maryland and Virginia real estate market. This is an exciting year in real estate; we’ve had low inventory, multiple offers on property and prices have increased on properties in the area. Although we had some misfortune where the government was forced to shut down and caused interest rates to rise, this actually improved the market by stabilizing it.

Another reason that made 2013 an exciting year is that we’ve seen a 10-15% appreciation and 2014 will be just as exciting. We will have more stabilization in the market, interest rates will rise 1% and were expecting a 5% appreciate in homes. If you’re looking to buy or sell, it’s time to engage in the market place. If you’re a potential buyer, this is a great time to enter the market. Interest rates are still low, homes are still affordable and if you purchase now, you won’t be in competition with other buyers. As for sellers, there are motivated buyers on the market looking at your house that don’t want to be in competition, aren’t looking for a low deal and buyers who want to take advantage of interest rates and can make full price offers.

If you have any real estate needs, feel free to reach out to me by phone or email. Thanks and have a great day!