If we agree with Hazlitt, the housing market should be headed for a pretty amazing year. Fannie Mae's February Home Purchase Sentiment Index reports consumer confidence in housing at an all-time high. This follows January's report in which consumer confidence improved for the first time in five months. Americans who feel now is a good time to buy rose 11 percentage points, while those believing it's a good time to sell rose by seven. Fannie Mae's chief economist added, "Millennials showed especially strong increases in job confidence and income gains, a necessary precursor for increased housing demand from first-time homebuyers."

As the stats below show homes are selling quicker and for more money than the same time last year and inventory is at an all time low (below 2 months supply of inventory) reflecting a sellers market. Reach out to us for further information on buying, selling, or investing in today's market!

Loudoun County Market Update March 2017