How is inventory in your market?
DC inventory is at all time historic lows. I expect the inventory to slowly creep up, as interest rates race to back to above 3 percent. Deals are being made in the condo markets, but absolutely shredded in the single family home market. The last offer I placed for a SFR lost out to 53 other offers.
DC metro inventory would have to stop selling inventory for 10 months to get back to "buyers" market. We have .4 months of "good" inventory on the market, anything that stays longer than 14 days, there is something wrong with it and we can at cut at least 10-20k off the price to start the negotiation.
How low is the inventory where you guys are looking to invest, or buy your first home?