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...
3 WAYS A SLOW HOUSING MARKET MAY BE BENEFICIAL Last year, the housing market showed no sign of slowing in favor of the sellers. Homes went under contract in a matter of days and well over asking price. Many buyers were competing with 10-20 other buyers to get noticed....
THIS MAY JUST BE THE ONE! This new custom-built home on a 48 acre lot with a stream, ATV and walking trails, and high-speed cable internet access is a rare find in Spotsylvania County. Here’s 7505 Stonegate Manor. Imagine walking in through the foyer with...
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...
