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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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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 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 […]

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 […]

Blog 7505 Stonegate Dr. Fredericksburg VA 22407 This brand new custom home is expected to be completed by October 10, 2022. This jewel sits on 48 acres in the private Stonegate Manor community complete with stream high speed internet, and ATV and walking/running trails. Presenting … 7505 Stonegate Dr. Fredericksburg VA 22407 MORE DETAILS This is a rare find in Spotsylvania County […]

Blog Market Update -August 2022 Real Estate Market Update – August 2022 All the talk is about the market shifting. With inflation and the talk of recession, many buyers have stopped looking as more homeowners are putting their homes on the market. Real estate agents in Northern Virginia are feeling the change in tides. Here is the real estate market […]

Blog How Inflation Affects the Housing Market We’ve all felt the effects of inflation. The cost of goods and services have gone up, sometimes dramatically. Groceries cost more now, shopping for furniture and bedding is scary, and the cost of used cars has also gone up. The question is. What about housing? While inflation can be somewhat unpredictable, we can look at […]

Blog Shift in the Real Estate Market 9 Indicators that the Market has Shifted In hindsight, the market has shifted. As recession looms and mortgage interest rates spiked, many home buyers were no longer eager to find a home and many decided to give up all together. Still, homeownership is the dream of many who are frustrated with paying rent or need […]

Blog Market Update -July 2022 Real Estate Market Update – July 2022 All the talk is about inflation. Gas prices, electricity, food are all going up in costs. The stock market is taking a serious blow. Inflation is now at 9.1%, an all time high in 40 years, according to Forbes. And the Northern Virginia area is being affected as […]

Blog 5 Tips for Making the Most of Your Outdoor Space We all want to spend as much time as we can outside during the summer months. There’s nothing quite like a relaxing summer day in the backyard with friends, unwinding after a long day, hosting a barbeque or enjoying an evening under the stars around the firepit. The problem is … how do we make […]

Blog Market Update – May 2022 Real Estate Market Update – May 2022 MAY 31, 2022 BY DENISE FULLER LEAVE A COMMENT Inventory is still low and it remains a seller’s market. Compared to last year, less homes are being sold. Still, buyers are not doing the same. There are less showings, less offers, and more contingencies in contracts. The days of multiple offers, […]