AUGUST 2021 Statistics The real estate market in Northern Virginia remains in favor of the sellers. Still, there are signs that the market is softening. Here is your Real Estate Market Update for Northern Virginia for August 2021. Using figures from MarketStats by...
Clients are reporting amazing interest rates under 2.4% One of my past clients are refinancing their primary home and getting 2.12% on a 15-year conventional loan with cash back. I think this is an extremely good rate and wanted to share the good news with everyone....
Statistics show that we are still in a seller’s market. There are more buyers looking for a home than there are homes up for sale. A recent release from the U.S. Census Bureau shows that this is not the case for new construction homes. The sale of new homes fell...
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....
