Liz Moore Market Talk

Welcome to Market Talk! 

I’m Liz Moore, President of Liz Moore & Associates, and today we’re going to talk about what’s happening in our local real estate markets as we close out the 3rd quarter of 2024. We invited Ryan Price, the Chief Economist at Virginia REALTORS, to present at our company meeting last month. His insights into an improving economy and housing market in Virginia, as well as his forecasts for 2025, were met with much enthusiasm from the agents! I’ll share a few of his thoughts here.

Read More

Welcome to Market Talk!

I’m Liz Moore, President of Liz Moore & Associates, and today we’re going to talk about what’s happening in our local real estate markets as we move into the second half of 2024.

2023 ended the year with the lowest number of home sales since 2008. That low was the combination of two competing forces – high interest rates and low inventory. As interest rates jumped in the second half of the year, more and more buyers decided to wait it out.

2024 has continued to see a relatively flat pace of sales, although there are definitely pockets of intense competition (multiple offers) in certain neighborhoods and price ranges. Prices have remained strong as a result of continued low inventory.

Read More

Welcome to Market Talk! I’m Liz Moore, President of Liz Moore & Associates, and today we’re going to talk about what’s happening in our local real estate markets as we move into the new year in 2024.
I’ve heard some reports that the U.S. will record the lowest number of sales in 2023 since 2008. The real estate market was definitely off last year, but it did NOT feel like 2008. There are a number of reasons for that: first of all, the pace of the market remained steady, because unlike 2008 there was plenty of buyer demand. 
Back then, we had over 2 years of inventory available – last year the needle moved from less than 1 month to approaching 2 months. The result of that was that nearly one third of the market experienced multiple offers – good for sellers, not so much for buyers.

Read More

Liz Moore & Associates' annual Cupcake Wars fundraiser is back and Liz sat down with Andy at 92.3 The Tide to talk about this amazing event.

Click here to listen.

Read More

It’s a new year and Liz sat down with Andy at 92.3 The Tide to talk about why she believes the local real estate market will rebound in 2024. 2023 saw the lowest number of home sales for any year since 2008. However, Liz predicts that the market will receive a shot in the arm over the next 12 months. Why? Home inventory is on the way up, there is a large and growing buyer demand, and interest rates are decreasing from a peak of almost 8 percent.

Read More