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...
Deciding to buy a home is a big step. Most people who start searching for homes online eventually want to start touring in person. When this happens, they are often faced with the dreaded question, “Do you have a pre-approval letter?”. Oftentimes, it...
As we head into the end of the winter season, more and more real estate experts are commenting on the very low housing inventory around the country. The number of active listings is down 25% from last year. In Northern Virginia, the same seems to be holding true. On...
When you’re purchasing a home, most of your budgeting is built around the costs directly associated with your purchase. You’ve probably already talked to your lender about closing costs and down payment. It’s also important, however, to think through the...
