Blog Northern Virginia Market Report – December 2024 This month, the Northern Virginia real estate market seems to be closer to pre-pandemic activity and a more balanced market. At the end of last month, sale prices were up 1.5% from the previous month and up over 6% from last year. It’s taking longer for homes for sale to go under contract and buyers […]
Blog Market Report – November 2024 This month, the Northern Virginia real estate market is marked by changes and some uncertainty. At the end of last month, sale prices were up 6% from last year but down 2% from last month. It’s also taking longer for homes to go under contract and there continues to be a shortage in homes for […]
Blog Market Report – September 2024 The current real estate market in Northern Virginia is exciting. Mortgage rates are coming down. Today, the Federal Reserve announced they will lower the federal funds rate by half a percent. This will allow rates to go even lower than today’s rate of 5.7%. This is great news for anyone thinking of buying a home […]
Blog Market Report – August 2024 The current real estate market in Northern Virginia continues to evolve. It feels like we’re on the cusp of change. With decreasing inflation, lower mortgage interest rates, increasing housing inventory, upcoming elections, and the end of the summer season, change is undeniable. Still, there is opportunity in every market and this month’s market update is […]
Blog Northern Virginia Market Update – April 2024 The data for the real estate market in Northern Virginia are showing some real positives. In spite of a higher inflation rate (now 3.5%, the economy is still strong with lower unemployment rates, higher wages, and more consumer spending. It seems the public are optimistic about the future. Additionally, the housing statistics for Northern Virginia […]
Blog Market Update – March 2024 his month’s real estate market update March 2024 in Northern Virginia is all about the Spring Market. Home prices are up 4% from the previous month; closed home sales are up 27%, and home inventory is up 14%. The year is off to a great start. Mortgage interest rates have stayed between 6.5% to 7% […]
Blog Benefits of a Real Estate Group Embarking on a real estate journey is a significant endeavor, and choosing the right professionals to guide you can make all the difference. While individual agents and mega teams have their merits, the advantages of collaborating with a real estate group are noteworthy and often underestimated. We delve into key aspects that set groups apart. […]
Blog Market Update – February 2024 This past month, the real estate market update February 2024 in Northern Virginia has been vibrant. More homeowners put their properties up for sale in the new year. This happened as the holiday season came to an end, the new year began, and mortgage interest rates fell. With mortgage interest rates now around 6.9% , it is […]
Don't Miss Our Next Post
Subscribe Now
Blog 2023 Year in Review What a year 2023 has been. It’s been challenging yet so rewarding. Here it the Home Estate Realty Group’s video recap.   Questions/Concerns? Please contact me. Denise Fuller Real Estate Specialist Home Estate Realty Group | Coldwell Banker Realty 703-881-6947
Blog Market Update – December 2023 This past month, the real estate market in Northern Virginia continues to be steady with some key positives. The Department of Labor Statistics announced inflation rose only 0.1% from November to December and the new inflation rate from November 2022 to November 2023 was 3.1%. Additionally, the Federal Reserve announced they would not raise the federal funds rate for a […]
Blog What Homeowners Should Know about Mortgage Interest Rates Presently, mortgage interest rates on a 30-year fixed loan are down to around 6.8%. This is a big difference from just one month ago when rates were closer to 7.8%. This is great news for anyone thinking of buying a home as they can expect to be able to afford more. For example, a home loan for […]
Blog Market Update – November 2023 The current real estate market in Northern Virginia continues to be steady. Inventory levels are lower than normal and this is keep home prices high. Mortgage interest rates remain around 7.5% and it appears that this is the new normal. This is just some of the indicators of this Market Update for November 2023. Statistics and […]
Blog Bitten by the Real Estate Investment Bug? More and more homeowners are thinking about renting out their homes. This could include parts of their homes or even buying an investment property. More than likely, they’ve heard that it’s a great way to make passive income and build generational wealth. And this is very true. If you have thought about investing in real […]
Blog Market Update – October 2023 The current real estate market in Northern Virginia appears to be the new normal. Inventory levels match the 5-year averages. Home prices are leveling off. Additionally, the average sold price to list price is just at 100%. The latest Federal Reserve announcement also suggests that we should get used to higher interest rates for the […]
Blog Country Living in Northern Virginia Fewer than one in five Americans live in rural areas, whoever, over half of Americans say they would prefer to live in the country. This is according to a recent poll. And Northern Virginia is no exception. Factors such as lower property prices, larger living spaces, and a quieter lifestyle attract individuals and families wanting a simpler, […]
Blog Market Update – September 2023 The real estate market this summer has been a waiting game. Home sellers are waiting for mortgage interest rates to come down so they can justify moving; buyers are waiting for more homes to come on the market so they can achieve their dreams of home ownership; mortgage lenders are waiting for the Federal Reserve […]
Blog Market Update – August 2023 The real estate market this summer has been a waiting game. Home sellers are waiting for mortgage interest rates to come down so they can justify moving; buyers are waiting for more homes to come on the market so they can achieve their dreams of home ownership; mortgage lenders are waiting for the Federal Reserve […]
Blog What Makes for a Great Real Estate Agent? A great real estate agent is a valuable member of your team of experts that can help you throughout your lifetime. They can assist in home sales, finding new homes and rentals, estimate the value of your home for a refinance, and the list goes on. Ever wandered how to choose your real estate agent? […]
Blog Market Update – July 2023 As the weather heats up and we experience longer days, it seems we become more active in all areas of our lives. The housing market is no different. The full month of June saw an increase in the number of homes sold and the number of homes on the market for sale. The latest real […]
Blog Your Home Goes Under Contract. Now What ??? 5 IMPORTANT STEPS AFTER YOUR HOME GOES UNDER CONTRACT For a home seller, there’s no better feeling than having your home go under contract quickly and at the price you wanted. It’s important to know that this is an important time to stay vigilant and maintain realistic expectations. After your house goes under contract, a […]