What’s Really Happening in Real Estate?

We’re officially in the dog days of summer, and while it may feel like things are heating up, the real estate market (and the headlines surrounding it) can be a little confusing right now.

There’s been an ongoing tug-of-war at the national level between Federal Reserve Chairman Jerome Powell and President Donald Trump over interest rate policy. Many experts expected multiple rate cuts this year, but so far, we haven’t seen any. The Fed has held steady in recent meetings and has hinted that the earliest possible rate drop could come in September, if at all.

Why the hesitation? Powell is focused on inflation, closely monitoring economic indicators such as the Consumer Price Index (CPI) and the Personal Consumption Expenditures (PCE). While inflation has ticked up slightly, it remains near the range the Fed originally targeted. Still, concerns about potential increases — especially due to tariffs and global market shifts — have kept the Fed cautious. This ongoing debate has even drawn in other political voices, making the topic a hot one this summer.

On the bright side, mortgage rates have been inching down slowly, which is great news for buyers. That said, inventory remains tight, especially here in Northern Virginia. Over the past two weeks, the region has only added about 98 new listings. That’s far from a surge. While condos are sitting a little longer on the market, well-priced single-family homes in good condition and desirable locations are still attracting multiple offers.

Yes, days on market have increased slightly — which is normal for this time of year — but demand is still very much present. Sellers should remain patient, and buyers should be prepared to act quickly if they find the right home. Don’t let media headlines mislead you — real estate isn’t just local; it’s hyper-local. Certain zip codes and price points are moving at different paces.

Navigating this market can be challenging without a knowledgeable guide. Whether you’re thinking about buying or selling, the best strategy is to work with a trusted real estate advisor who understands the local trends and nuances.

If you have questions about what this market means for your goals — or if you’re wondering if now is the right time to make a move — I’m here to help.