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...
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...
THIS MAY JUST BE THE ONE! This new custom-built home on a 48 acre lot with a stream, ATV and walking trails, and high-speed cable internet access is a rare find in Spotsylvania County. Here’s 7505 Stonegate Manor. Imagine walking in through the foyer with...
Market Shift 2022 It’s hard to believe we are still in a Seller’s market. While inventory remains low, it is taking longer for homes to go under contract. And buyers, who got quiet as mortgage interest rates soared, seem to be back. Here is the real estate...
