Dominicksellshomes by Chris Dominick

06/18/2024

The numbers are starting to shift a little bit!

The numbers are starting to shift a little bit! Sometimes when I write these blogs about market trends there is definitely some deja vu as many of the market trends have remained somewhat consistent. I’m starting to see some material changes in the numbers now that are starting to manifest themsel...

05/25/2024

Happy Memorial Day!! It may be a holiday week-end but the real estate market is not taking a pause! One of the things that the years long acute inventory shortage has brought us is a leveling out of the seasonality of the marketplace. The normal ebbs and flows around spring time, August vacations an...

05/08/2024

It’s Major Championship season in the golf world (way to go Scotti Scheffler) so you are going to get golf analogies in today’s post! In golf, you hit a lot of drivers and putts, but sometimes it’s your lob wedge that wins you the tournament. We’re going to talk a little bit about […]

04/29/2024

April Market Update & Newsletter This real estate market is ever-changing and evolving and the only constant we’ve come to expect has been change. That has not been the case for large stretches of my 35 years in the business, but it sure is now. In March, a landmark case involving real estate comm...

03/17/2024

March Market Update & Newsletter As we step into March, a time that seems to effortlessly slip by us, it’s a reminder of how fast time moves. With March comes the excitement of March Madness and the anticipation of the Final Four, alongside the gradually lengthening days that breathe renewed energ...

12/01/2023

The Holiday Season Market is upon us The Holiday Market has taken full root, but there are some encouraging signs on the horizon for the real estate market. First off some of the raw data. Last week inventory was down 11% from the previous week to a total of 1,673 homes for sale […]

11/20/2023

Please RSVP! Join us Saturday, December 2nd (Fairfax) & 9th (Haymarket) from 9 am - 11:30 am for Breakfast with Santa to support Toys for Tots! There will be lots of fun, food, and goodies for both the kids and parents at this annual event with RE/MAX Gateway. And of course, I'll be doing my best Santa Claus! Admission is free, but we do ask that you please bring a NEW, unwrapped toy to donate to Toys for Tots. If you cannot attend but would like to donate toys to the campaign I have 2 options. One I'm happy to swing by, say hello and pick them up or they can be dropped off at one of our 5 RE/MAX Gateway office locations. If you do that please let me know so that we can formally express our thanks to you! Hope to see you there and Merry Christmas!

To RSVP, please reach out via facebook messenger or shoot me an email!

11/01/2023

Great news for Children's Miracle Network!

10/29/2023

The Actual Costs of Borrowing vs Interest Rates

The Actual Costs of Borrowing vs Interest Rates Everyone who has a mortgage or who will be getting one soon is rightfully paying attention to what is happening with long term mortgage interest rates. For years analyzing your Actual Costs of Borrowing was straightforward since there was essentially n...

10/20/2023

October Market Update & Newsletter The Federal Government was able to avoid a shutdown by passing a last-minute funding deal to keep the government open for 45 days. One of the keys to getting this temporary measure passed was removing the funding for Ukraine and its war against Russia. This is a sh...

09/29/2023

Friends and family, you’re invited to join us for our Charity Casino Night on October 14th!!

Enjoy food and drinks and our grand casino area, where you can try your luck at various classic casino games. Blackjack, roulette, and poker tables will be manned by professional dealers, providing an authentic gambling experience for all skill levels. All guests will receive a designated amount of play money upon arrival, but we'll be holding a Texas Holdem Tournament with a cash buy-in for our more serious players! You'll also receive a raffle ticket (and can purchase additional tickets) to be eligible for our drawing for high-end items like a TV, Blackstone Grill, Commanders Club Level tickets and parking, and more! First, second and third place overall play money winners will also receive a prize!

We encourage guests to embrace the attire of the 1920s - everyone loves an opportunity to dress up! Not only will our casino night transport you to a bygone era of elegance and extravagance, but it will also make a meaningful impact by supporting Children’s Miracle Network and Children’s National Hospital.

Use this link to purchase tickets!! (The deadline to purchase has been extended to October 6th!)
https://forms.gle/jySNQ9ouT7eEwysD9

** And don't forget we'll be getting the fun started a week early with a live drawing on Friday the 6th where I'll pick up the cost of the tickets of 5 of you all who register! **

I'm Probably Bluffing!

Chris

09/25/2023

September Market Update & Newsletter Is it seasonality or is it a slowdown? This is the big question on many minds in the real estate business. One of you asked me about it this morning! Until recently, we had always experienced a slower August, but during the COVID/Pandemic years, which really leve...

09/25/2023

Status Quo from the Fed: What does that mean for the Real Estate market?

Status Quo from the Fed: What does that mean for the Real Estate market? Last week the Fed elected not to take any action on rates. There are surely reasons for that, and what, if anything, do those reasons mean for the NOVA real estate market? The Fed is continuing in its quest […]

09/21/2023

Finally a bump in inventory!

Finally a bump in inventory! It’s all about context as we are at 1,961 listings in the NOVA area, which is about a third of what we’d like to see, but that is up 11% from 2 weeks ago! We’ll take it! So what is behind that primarily? Segue to some market trends […]

08/25/2023

No "Bubble" Coming in the NOVA/DC area

No “Bubble” Coming in the NOVA/DC area This sentiment from me is likely not new to those of you who regularly follow my blogs, but today I’ve got some incredibly reassuring numbers to enlighten you with. For starters, let’s look at the current loan and equity positions of Americans. Seriousl...

08/09/2023

Big Things Happening the Next 3 Days in the Mortgage Market!

Big Things Happening the Next 3 Days in the Mortgage Market! This week’s update is a little different. Starting today (8-9-2023) we have 3 influential things happening in the financial realm that have the potential to alter the short term outlook for mortgage rates. The first is that today the Tre...

07/24/2023

The REAL effect of interest rates on the market.

The REAL effect of interest rates on the market People think of the effect of interest rates on purchasing power, and thus demand and pricing, and that is true and important but it doesn’t lay out the full picture. Every 1% decline in rates brings 5 million more prospective buyers into play (and [...

06/27/2023

June Newsletter & Market Update

June Market Update & Newsletter Amazement continues in the real estate market. As many of you know, interest rates more than doubled in a 6 month period. From May to November, the rates went from 3.5% to over 7%. At that time, the market nearly came to a halt as there was much […]

05/15/2023

Maybe I Need To Start Writing For The Wall Street Journal Instead Of Reading It!

Those of you who know me well know that I love the WSJ and pretty much read it cover to cover most days. They do actual analysis and reasoning, and are generally current or out in front on most topics. And this is an excellent article about what is arguably the biggest single driver of the real estate market today. But in the real estate realm we here at RE/MAX Gateway are on top of things! I've been advising my clients about this dynamic (and blogging about it too!) since before the calendar flipped, using this information to THEIR advantage. This market is shifting by the WEEK and you deserve someone on your side who truly knows the market and can see around corners on your behalf. Reach out to me and as a team we'll not just manage your goals and needs in this crazy market but triumph!

Many are ready to move but don’t want to lose the low-rate mortgages they locked in a few years ago, crimping the supply of homes and keeping prices high.

05/10/2023

Kitchen Islands in….Formal Dining Rooms Out!

9 New Kitchen Island Designs Kitchen Islands In….Formal Dining Rooms Out! When one of my friends/clients expanded their kitchen into their dining room area and installed an enormous kitchen island I dubbed “Greenland”, little did I know she was ahead of the curve on design trends. With more fo...

03/30/2023

The market has shifted….AGAIN!

The REAL Market Update The market has shifted….AGAIN! If you’ve been reading my posts since the beginning of the year you have observed how I have noted, week after week, despite reduced numbers of sales, far more homes are being sold than have been coming on the market. This has brought us to [...

03/26/2023

March Market Update & Newsletter And you thought roller coasters were only at amusement parks, right? Well, it seems that they’re present in the real estate market as well. In February we saw rates go from the high 5’s to the high 6’s in less than 10 days, and now they are just […]

03/05/2023

Perception vs Reality

The REAL Market Update Perception vs Reality Folks, there is a lot of misinformation out there about the real estate market, especially the regional market, that is leading to some terribly erroneous perceptions about the market in the coming years. We were just discussing a survey which found that....

02/16/2023

The real estate market is never boring – it’s always changing.

February Market Update & Newsletter The real estate market is never boring – it’s always changing. These days it seems like it is doing so week to week. Housing inventory, mortgage rates, buyer demand, consumer confidence, and so much more are consistently adjusting. So what has changed recently...

02/02/2023

The REAL Market Update The calendar has flipped and the 2023 market has begun! The year is off to a very busy start as a lot of folks who deferred house hunting during the holidays have hit the streets. Showings are up as are loan applications. However these buyers are being greeted with an […]

01/23/2023

January market update and predictions on the upcoming year in real estate!

January Market Update & Newsletter It’s time for me to make my predictions on the upcoming year in real estate, so here we go! People are always interested in the prices of their homes, in their neighborhoods, and in their cities, so I will start there. Despite a literal roller coaster ride in [.....

01/17/2023

It’s a new year, and yes a new market!

The REAL Market Update It’s a new year, and yes a new market! Market shifts occur when a whole bunch of people make up their mind to do a similar thing at about the same time. These things happen for a host of reasons, but given the contemplative nature of all of us […]

12/25/2022

Merry Christmas and Happy Holidays to all!

Christmas time has so many facets to contemplate and endulge, and the one I keep dwelling on this year is "Promise". So this year my Christmas wish to you all is the fulfillment of promise in all areas of your life, especially in the areas of friendship, fellowship and faith.

12/20/2022

All the Toys for Tots kids thank you!!

And so do I. I appreciate, more than I can say, all the friends and past clients who came by to share a little holiday cheer and raise toys for the less fortunate. Events such as these where we can reconnect and come together to serve show how much we miss one another, don't they? So my Christmas wish for you all is abundant and joyous fellowship with family, friends, and neighbors.

It's a good life. Kris Kringle

12/19/2022

Four Plants That Help The Season Shine!

Thankfully, there are myriad other festive plants you can add to your indoorsy and outdoorsy gardening this winter. (Before bringing any of these plants into your home, ensure they’re safe for pets and kiddos. Some are more toxic than others. Plus, let’s be honest—we’d all rather be eating c...