On this episode, Blake Davenport of The Davenport Group and Long and Foster talks about the status of the real estate market in the Washington DC Metro Area as of November 2020! He talks about how the surplus of active inventory is spreading out demand which is allowing buyers to get properties for less than the list price (a rarity this year). Interest rates have dropped even lower this past month - our clients just locked in 2.5% with no PMI at only 5% down. He shares what this all means for buyers and sellers and what he predicts for the beginning months of 2021.
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