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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 […]
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 […]
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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 […]
Blog Is This a Good Time to Buy a Home? These are interesting times for everyone. Speculation about a recession, rise in mortgage interest rates, and low inventory of homes for sale are interesting indeed. And for the person thinking about buying a home, it becomes complicated. There are many factors that will indicate when it’s a good time to buy a home. It all […]
Blog Market Update – January 2023 REAL ESTATE IN NORTHERN VIRGINIA The first market update for Northern Virginia for the new year shows how home prices continue to go down month over month and the increase from last year is narrowing. It is taking longer for homes to go under contract and the number of homes for sale is still very […]
Blog 2022 in Review and 2023 Forecast REAL ESTATE MARKET | NORTHERN VIRGINIA As the last article of the year, we prepared a great recap of 2022 and a glimpse into what to expect in the coming year in Northern Virginia. Here is the 2022 Year in Review and 2023 Forecast. Frenzied home buyers marked the first half of 2022. This is […]
Blog Market Update – December 222 Market Update – December 2022 REAL ESTATE IN NORTHERN VIRGINIA This month’s market update for Northern Virginia shows how the real estate market is continuing to slow. The holidays are also a time when things are slow traditionally. What Agents are Seeing The month of December was even slower than the previous month, likely a […]
Blog How to Sell Your Home in a Market Shift What is This Market Shift? The real estate market has shifted. As mortgage interest rates rose, potential home buyers backed away. Six months ago when a buyer could get an interest of 3% is long gone and it affects their buying power. For example, the monthly mortgage on a 30 year conventional loan on a […]
Blog Market Update – November 2022 This month’s market update for Northern Virginia is marked by a continued trend of a slowdown in homebuying. This could be due to the higher interest rates and also the traditionally slow fall season. This month is also marked by extremely low levels of inventory (homes for sale). While last month, home prices were up […]
Blog Selling Your Home this Fall 5 THINGS YOU CAN START DOING NOW While spring is traditionally the best time of year to sell a home, the fall season cannot be ignored. As mortgage interest rates hover over 7%, many buyers are getting over the initial shock. Lenders are doing their part offering programs, like the 2-1 Buydown Program, that help with […]
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