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...
Introduction Owning a home is the American dream. According to Keeping Current Matters, “homeownership ranks above other significant milestones, including retirement, having a successful career, and earning a college degree”. Once achieved. It’s a...
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. 2022 Real Estate in Northern Virginia 2022 YEAR IN REVIEW Frenzied home...
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...
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...
UNPREDICTABLE HOME PRICES 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...
