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...
The coronavirus pandemic has changed the way we live. We are now living a new “normal” and real estate is no exception. Before this, late spring and summer were the busiest times to buy and sell homes. This was driven mainly by families wanting to settle...
Mortgage pre-qualification is an extremely important step in buying a home. In Virginia, to submit an offer to a homeowner to purchase their home, you will need to include a pre-qualification letter from a lender stating how much of a home you can afford and the terms...
