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Unpredictable Home Prices

Unpredictable Home Prices

MARKET UPDATE – NOVEMBER 2022 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...
Home Prices Falling in Northern Virginia

Home Prices Falling in Northern Virginia

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,...