Interest rates started increasing in March 2022 and hasn’t stopped since. Rates went from below 3% to above 3% in June 2022 to 5% in May 2023. This month, September 2023, interest rates are hovering around 7%. Northern Virginia has been affected. Here’s...
The real estate market this summer has been a waiting game. Home sellers are waiting for mortgage interest rates to come down so they can justify moving; buyers are waiting for more homes to come on the market so they can achieve their dreams of home ownership;...
What is a Zestimate A Zestimate is an estimated market value for a property, calculated by Zillow, a popular real estate website. It uses various data sources and algorithms to estimate the value of a property based on factors such as location, size, and recent sales...
There are currently a lack of homes for sale leading to more competition among home buyers. Many homes for sale are still receiving multiple offers. This causes frustration for buyers wanting a new home. It’s important for home shoppers to understand the real...
5 IMPORTANT STEPS AFTER YOUR HOME GOES UNDER CONTRACT For a home seller, there’s no better feeling than having your home go under contract quickly and at the price you wanted. It’s important to know that this is an important time to stay vigilant and...
