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....
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...
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...
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...
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...
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...
