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...
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...
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...
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...
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...