Snow Ice and Uncertainty Shape DC Area Spring Homebuying

1 min read
Source: The Washington Post
Snow Ice and Uncertainty Shape DC Area Spring Homebuying
Photo: The Washington Post
TL;DR Summary

January's snowstorm left stubborn snowcrete piles that slowed the D.C. area’s spring homebuying season, with some sellers delaying March listings; the Feb. 28 airstrikes amid Iran tensions add longer-term uncertainty. Bright MLS economist Lisa Sturtevant says buyers face job-market jitters and rising mortgage rates (and higher gas prices), causing a pullback in pending sales and showings in D.C., though optimism remains location-dependent.

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