REAL ESTATE IN NORTHERN VIRGINIA The first market update for Northern Virginia for the new year shows how home prices continue to go down month over month and the increase from last year is narrowing. It is taking longer for homes to go under contract and the number...
REAL ESTATE IN NORTHERN VIRGINIA This month’s market update for Northern Virginia shows how the real estate market is continuing to slow. The holidays are also a time when things are slow traditionally. What Agents are Seeing The month of December was even...
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...
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,...
