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....
There has been a lot of news going around about a recent lawsuit that affects the real estate industry. According to the National Association of Realtors (NAR) press release, “after an 11-day trial in the case of Burnett v. NAR et al, the eight-person jury...
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...
More and more homeowners are thinking about renting out their homes, parts of their homes, or buying an investment property. They’ve likely heard that it’s a great way to make passive income and build generational wealth. This is very true. If you have...
At the end of 2021, the average number of days a home took to sell was 71 days. This is according to a U.S. News and World Report article. In Northern Virginia, homes tend to take less time to go under contract and complete the sale process. This is a testament to the...
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...
