Moments to Celebrate and a Market Update

Hans Wydler

Moments to Celebrate and a Market Update

In good markets and bad, sometimes joyous, sometimes sad, life happens. We’ve talked about how the "5 D's" (Diapers, Diplomas, Diamonds, Divorce and Death) are natural catalysts for real estate moves, but more importantly, they are major life events. When the happy ones occur, it’s important to take notice and be thankful. For the Wydler Brothers family, this is one of those times.

Although though the Fed is currently holding the line on interest rates and transaction and inventory levels are slightly down from this time last year, we remain optimistic for the 2024 residential real estate market. The stock market is at an all time high (a major driver of consumer confidence, especially in the move-up markets) and prices remain strong.
On top of that, buyers and sellers have become acclimated to the higher interest rate environment and we’re seeing early signs that liquidity will continue to increase as we get deeper into the Spring market. Just in the past couple of weeks, our team has been involved in a half dozen transactions, all with multiple offers, escalation clauses and sales prices well above the asking price. We expect roughly 5% appreciation above 2022 highs.

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Wydler Brothers have been selling residential real estate for over 20 years in the DC metro area. Along the way, they’ve achieved numerous awards and recognitions, including being recognized as “The Most Innovative Real Estate Agent in America” (Inman, 2014), written several articles for The Washington Post, authored a book, “Inside the Sell”, co-founded a real estate tech company which sold to Move, Inc. in 2013, and built Wydler Brothers into a highly respected boutique brokerage with 70 agents and employees which they sold to Compass in 2019. Currently, Wydler Brothers is among the top 3 teams in the DMV and was the #1 Compass Team in 2022.

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