For most, the home is your most valuable asset. And homeowners often have a preconceived notion of what their home is worth. There is no replacement for a professional calculation. Many real estate professionals are able to assist with calculating the market value of...
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...
REAL ESTATE IN NORTHERN VIRGINIA The first market update for Northern Virginia for the new year shows how home prices continue to go down month over month and the increase from last year is narrowing. It is taking longer for homes to go under contract and the number...
REAL ESTATE IN NORTHERN VIRGINIA This month’s market update for Northern Virginia shows how the real estate market is continuing to slow. The holidays are also a time when things are slow traditionally. What Agents are Seeing The month of December was even...
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...
