Among the many unexpected effects of the COVID-19 pandemic has been an unprecedented level of demand from homebuyers coupled with severe inventory shortages in markets all over the country. In order to overcome this ongoing challenge, many buyers are turning to new...
Unless you are paying cash for your home, the house serves as collateral for the mortgage loan. The lender needs to make sure that the home is worth what they are lending you. An appraisal offers the opportunity for the lender to determine the value and condition of...
This summer has been described as “crazy” for everything from weather to the real estate market. According to the latest figures published by the Northern Virginia Realtors Association, the numbers show that it continues to be a seller’s market....
Sadly, it seems low mortgage rates are slowly starting to go away. According to Chief Economist for Freddie Mac Sam Khater, “As the economy progresses and inflation remains elevated, we expect that rates will continue to gradually rise in the second half of the...
When it comes to tackling a home renovation, the backyard can be an afterthought. But more and more, homeowners are thinking about this prime living space a bit differently. In 2020, outdoor contracting professionals, like pool installers, saw a large increase in work...
