July 2024 Washington DC Metro Area Real Estate Market Report

Thumbnail: DMV Real Estate Market Report for July 2024

 

Chart: When Will the Federal Reserve Cut the Fed Funds Rate?

Interest rates remain around 7% nationally. Due to good news in recent inflation data, most analysts predict a rate cut this September. We are more cautious due to the upcoming presidential election. The Federal Reserve is often reluctant to make major changes prior to an election out of impartiality. The market could use a boost though. This month both new listings and closed sales are both down. Click the image below for a more in depth review.

Thumbnail: DMV Real Estate Market Report for July 2024