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...
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....
5 THINGS YOU CAN START DOING NOW While spring is traditionally the best time of year to sell a home, the fall season cannot be ignored. As mortgage interest rates hover over 7%, many buyers are getting over the initial shock. Lenders are doing their part offering...
MARKET UPDATE – OCTOBER 2022 For the fifth time this year, the Federal Reserve has raised the funds rate, this time another 75 basis points. The hope is that these measures curb inflation. Lending institutions have raised mortgage interest rates as a result,...
The real estate market is now in the Fall season, a time when there is a boom of activity, especially in October. Still, it appears the housing market continues to cool. Most experts are pointing to higher mortgage interest rates which has made homeownership...
