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 […]
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, […]
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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 […]
Blog Market Update June 2023 The latest statistics show that the housing market remains to be strong in Northern Virginia. Home prices are up from last month, though still down from the pandemic-level increases of the past 2 years. And other indicators point to buyers still looking for new homes in spite of the higher interest rates and inflation issues. […]
Blog Market Update May 2023 The statistics from MarketStats by ShowingTime confirms that buyer demand in Northern Virginia remains strong as inventory continues to be low. Even as mortgage interest stay around 6.5%, buyers are not discouraged. Here it the latest real estate market update May 2023. Statistics and What it Means Home values keep going up in Northern Virginia. The median […]
Blog Rent or Buy in 2023? Many renters are fed up with paying someone else’s mortgage. Still they wonder if they can afford to buy a home at this time. As mortgage interest rates spiked at the beginning of 2023 to over 7%, homebuyers faced higher monthly payments, less inventory, and higher home prices. They want to know whether they should […]
Blog Market Update April 2023 The statistics from MarketStats by ShowingTime confirms that buyer demand is high and home prices continue to go up in Northern Virginia. Even as mortgage interest stay around 6.5%, buyers are not discouraged. Here it the latest real estate market update April 2023. Statistics and What it Means Home values keep going up in Northern Virginia. The […]
Blog Is it a Good Time to Sell Your Home in 2023? Some homeowners are wondering if this is the time to sell. With low inventory, they can surely benefit from great prices, less inspections, and more flexible closings. Yes, some may wonder if this is truly a good time. Here are some reasons to sell your home in 2023. LIFE CIRCUMSTANCES Most people sell their homes […]
Blog Market Report – March 2023 REAL ESTATE IN NORTHERN VIRGINIA This market update for March 2023 for Northern Virginia shows that despite the fact that home sales are down, home prices remain strong. Compared to last year this time, home prices are, on average, 2% higher. Inventory remains low and buyer demand is increasing as mortgage interest rates level are […]
Blog Market Update – February 2023 This market update for February 2023 for Northern Virginia shows that despite the fact that home sales are down, home prices remain strong. Compared to last year this time, home prices are, on average, 8% higher. Inventory remains low and buyer demand is increasing as mortgage interest rates level off and the holidays are behind […]