REAL ESTATE IN NORTHERN VIRGINIA This market update for February 2023 for Northern Virginia shows that despite the fact that home sales are down, home prices remain strong. Compared to last year this time, home prices are, on average, 8% higher. Inventory remains low...
These are interesting times for everyone. Speculation about a recession, rise in mortgage interest rates, and low inventory of homes for sale are interesting indeed. And for the person thinking about buying a home, it becomes complicated. There are many factors that...
Everything You Need to Know You found the home of your dreams. It’s in your price range and the lender has provided a preapproval for your mortgage. Your real estate agent has negotiated on your behalf and you are now under contract. It’s an important step...
Introduction Owning a home is the American dream. According to Keeping Current Matters, “homeownership ranks above other significant milestones, including retirement, having a successful career, and earning a college degree”. Once achieved. It’s a...
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...
