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 average, the area saw a 28% ... » Learn More about Low Housing Inventory in Northern Virginia
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2022 Housing Forecast
If you’ve been following the real estate market, you probably know that it has been many months since buyers and sellers enjoyed anything like business as usual. Record-low mortgage interest rates and an even lower inventory was the perfect environment for sellers. It's now a new year and we can ... » Learn More about 2022 Housing Forecast
Don’t Forget to Budget for These 5 Things When you Buy a New Home
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 details of buying and moving into your first ... » Learn More about Don’t Forget to Budget for These 5 Things When you Buy a New Home
Record Sale Price in Ryan Park, Ashburn
$25,000 OVER ASKING IN 5 DAYS This home sale started as a rare opportunity. These units don't come on the market often. When they do, they sell fast. So when this beauty came on the market November 20, it was no surprise. This home set a record sale price in Ryan Park, Ashburn VA. This ... » Learn More about Record Sale Price in Ryan Park, Ashburn
5 Facts to Know if You Need to Buy a Home This Fall
While Spring is traditionally the best time of year to buy a home, I think we can all agree that "tradition" is not our new normal. The last two years have been devastating times for many. The future holds few certainties. The talk now is about the great resignation as record numbers of Americas ... » Learn More about 5 Facts to Know if You Need to Buy a Home This Fall
Where is the Real Estate Market Heading? Market Update – October 2021
Market Update - October 2021 Home sales in Northern Virginia continue to fall month over month. While inventory levels remain low and favor sellers, this overall slow down is causing some homeowners concern. The numbers do show that the housing market is giving way to a more balanced market. But ... » Learn More about Where is the Real Estate Market Heading? Market Update – October 2021
Market Update – September 2021
Summer has officially ended. The kids are back in school and more employers are allowing staff back into the office. The new COVID-19 pandemic variants are still a reason for major concern across the country. Still, the housing market has not halted, especially in Northern Virginia. Though the real ... » Learn More about Market Update – September 2021
Take Advantage of the Low Mortgage Interest Rates
Sadly, it seems low mortgage rates are slowly starting to go away. According to Chief Economist for Freddie Mac Sam Khater, "As the economy progresses and inflation remains elevated, we expect that rates will continue to gradually rise in the second half of the year." So what does this latest trend ... » Learn More about Take Advantage of the Low Mortgage Interest Rates
Is the Real Estate Market Cooling Off
Agents are saying that they are seeing a change in the market. They are receiving less offers on the homes for sale; there are less appointments; and there are more contingencies in the sales contracts. Is the real estate market cooling off in Northern Virginia? This video looks at what the ... » Learn More about Is the Real Estate Market Cooling Off
Real Estate Market Update for May 2021
Since last month, a lot has been going on. People started hoarding gas after a ransomware attack on Colonial Pipeline. The price of lumber also rose higher than ever. What hasn't changed are great mortgage interest rates and people wanting to buy now. Here is the real estate market update for ... » Learn More about Real Estate Market Update for May 2021
