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Weekly Market Update: July 29, 2024

As we close out July, we see a drop (-15%) in new listings and an increase (9.25%) in months of supply since last week’s report. In simple terms we are seeing the seasonal slowdown in new properties being offered for sale and a...

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What is an Escrow Deposit?

What is an escrow deposit? Here in the DC metro area we call it the EMD or earnest money deposit. It is the best way for a buyer to demonstrate to the seller they are legit.

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Why Fixing Up Your House Can Help It Sell Faster

If you’re thinking about selling your house, you should know there are buyers who are ready and able to pay today’s high prices. But they want a home that’s move-in ready. A recent press release from Redfin explains: “Buyers are stil...

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How To Determine if You’re Ready To Buy a Home

If you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And, you’re ...

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Matt Cheney Washington DC Realtor

Weekly Market Update: July 22, 2024

Summer sales are in full swing. We have had another strong week of new listings with 766 properties hitting the market since last week. Also, in case you hadn’t heard the FED is signaling easing rates as early as September. ...

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With Matt Cheney
matt(dotted)cheney(at)compass(dotted)com 202.465.0707 DC BR600869
MD 582148
VA 0225101950