It’s all about the neighborhood
We are surely entering a period of softening demand for more modestly priced homes – but the relative supply of those homes remains quite low. There is still upward pressure on home prices, but that pressure won’t be as significant as it has been over the last couple of years.
Read MoreHomes are selling fast lately. More than half of all home sales are going under contract in less than two weeks. More than half of all home-buyers (56%) are facing bidding wars in their offers, and that number keeps rising. It is the main reason keeping home searchers from buying a home — they keep getting outbid.
Read MorePetworth News, a neighborhood blog on local news, information & events about the Petworth area in Washington DC.
Petworth News is a news site about Petworth area neighborhoods in Washington DC, written by Drew Schneider and other amazing contributing writers. It features facts and objective reporting, as well as an occasional subjective point of view and opinion.
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