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Market Update November 2023

Market Update November 2023

The current real estate market in Northern Virginia continues to be steady. Inventory levels are lower than normal and this is keep home prices high. Mortgage interest rates remain around 7.5% and it appears that this is the new normal. This is just some of the...
Market Update October 2023

Market Update October 2023

The current real estate market in Northern Virginia appears to be the new normal. Inventory levels match the 5-year averages. Home prices are leveling off. Additionally, the average sold price to list price is just at 100%. The latest Federal Reserve announcement also...
Market Update September 2023

Market Update September 2023

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;...
Market Update August 2023

Market Update August 2023

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 it Takes to Buy a Home in this Market

What it Takes to Buy a Home in this Market

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...