What is This Market Shift? The real estate market has shifted. As mortgage interest rates rose, potential home buyers backed away. Six months ago when a buyer could get an interest of 3% is long gone and it affects their buying power. For example, the monthly mortgage...
UNPREDICTABLE HOME PRICES This month’s market update for Northern Virginia is marked by a continued trend of a slowdown in homebuying. This could be due to the higher interest rates and also the traditionally slow fall season. This month is also marked by...
Autumn is an ideal time to bring in fun decor elements like fluffy throws, pillows, candles, and warm colors. These ideas are sure to make your home the coziest it can be. And also know these ideas will not blow your budget. According to HGTV, there are plenty of fall...
3 WAYS A SLOW HOUSING MARKET MAY BE BENEFICIAL Last year, the housing market showed no sign of slowing in favor of the sellers. Homes went under contract in a matter of days and well over asking price. Many buyers were competing with 10-20 other buyers to get noticed....
5 THINGS YOU CAN START DOING NOW While spring is traditionally the best time of year to sell a home, the fall season cannot be ignored. As mortgage interest rates hover over 7%, many buyers are getting over the initial shock. Lenders are doing their part offering...
