The real estate market is a dynamic and ever-evolving landscape, shaped by a myriad of factors including economic shifts. In 2024, the industry continues to experience significant transformations, with emerging trends reshaping how properties are bought, sold, and...
The Bureau of Labor Statistics released the Consumer Price Index (CPI) Report for the end of April 2024. The latest figure is at 3.4%, which is 0.1% less from last month. This number is not getting much closer to the 2% goal set by the Federal Reserve. Here’s...
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...
Market Update – January 2022 Mortgage interest rates have been rising consistently for the past 4 weeks. Some buyers are surprised how their estimated monthly payment rose so dramatically in just a week. While this increase will cause panic and a sense of...
