Market Shift 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 ... » Learn More about Real Estate Market Update August 2022
9 INDICATORS OF A MARKET SHIFT 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 ... » Learn More about What is this Real Estate Market Shift?
Deciding to buy a home is a big step. Most people who start searching for homes online eventually want to start touring in person. When this happens, they are often faced with the dreaded question, "Do you have a pre-approval letter?". Oftentimes, it leaves potential buyers feeling overwhelmed. They ... » Learn More about 5 Steps to Homeownership
Are Home Prices Going Down in Northern Virginia? 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 ... » Learn More about Real Estate Market Update – July 2022
Mortgage interest rates continue to rise and the cost of goods and services also increase. Many buyers have backed off from shopping for a home. There are several signs the housing market is slowing. Agents are reporting less showings, less offers and more days on the market. Compared to last year ... » Learn More about Real Estate Market Update – June 2022
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, $100,000 over asking, and going under contract in a ... » Learn More about Real Estate Market Update – May 2022
The real estate market is in full swing with more and more homes coming on the market every week. The only downfall here for Buyers is that the mortgage rates are also going up more and more each day. According to MarketWatch, rates haven't been so high since August 2009. People wanting to buy a ... » Learn More about Should I Buy a Home When Interest Rates are Going Up?
The housing market is still marked by a lack of inventory. Homes that are reasonably priced and in good condition are going under contract within a few days leaving many buyers wanting more. Higher interest rates have not deterred most buyers. The good news is that more and more homes are coming on ... » Learn More about Real Estate Market Update – April 2022
Most people want to sell their homes for the most profit in the least amount of time. One major element to success is home staging. While professionals can transform your spaces and offer a massive return on investment, not everyone chooses to go this way. Still, when you decide to sell your home, ... » Learn More about 5 Tips to Stage Your Home on a Budget
March 29, 2022 The real estate market is now in the Spring season. When the housing market should be kicking into high gear, the latest news has everyone in shock. Mortgage interest rates are up. Interest rates rising fast is NOT good news. Interest Rates Keep Rising Rates have been ... » Learn More about Mortgage Interest Rates Rising Fast