There are so many factors that go into making the housing market for Northern Virginia. While the area is insulated by a strong job market, good infrastructure and medicinal and education services, there are also other factors at play. The fall season and upcoming...
The current real estate market in Northern Virginia is exciting. Mortgage rates are coming down. Today, the Federal Reserve announced they will lower the federal funds rate by half a percent. This will allow rates to go even lower than today’s rate of 5.7%. This...
The current real estate market in Northern Virginia continues to evolve. It feels like we’re on the cusp of change. With decreasing inflation, lower mortgage interest rates, increasing housing inventory, upcoming elections, and the end of the summer season,...
The data for the real estate market in Northern Virginia are showing some real positives. In spite of a higher inflation rate (now 3.5%, the economy is still strong with lower unemployment rates, higher wages, and more consumer spending. It seems the public are...
This month’s real estate market update March 2024 in Northern Virginia is all about the Spring Market. Home prices are up 4% from the previous month; closed home sales are up 27%, and home inventory is up 14%. The year is off to a great start. Mortgage interest...
