You’re thinking this is the year to sell your home. Life has a way of changing our circumstances that cause personal matters that are worthy of selling your home. This includes finding a new job in a new city; a growing family; an unfortunate divorce; a change...
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....
Interest rates started increasing in March 2022 and hasn’t stopped since. Rates went from below 3% to above 3% in June 2022 to 5% in May 2023. This month, September 2023, interest rates are hovering around 7%. Northern Virginia has been affected. Here’s...
NORTHERN VIRGINIA There is a lot going on right now in the real estate market in Northern Virginia. Inflation is at a record high with consumer prices 9% higher than they were last year and the highest rates in 40 years. Home prices remain high and inventory remains...
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...
