Are you waiting for the rates we saw in 2021 which went under 3%? Well, you may never buy. Almost every economist has predicted that the 3% and under mortgage rate will probably never return. This is because the tremendous low rates were triggered by a unique, unforeseen set of circumstances that began with a
Are You Waiting For Mortgage Interest Rates To Go Under 3% ? Read More »
The Timeless Appeal of Homeownership: Why Buying a Home is Worth It Owning a home has long been considered a significant milestone and a cherished dream for many. Beyond the tangible benefits, there’s a sense of pride, security, and belonging that comes with homeownership. In this blog post, we explore the enduring reasons why buying
The Timeless Appeal of Homeownership! First-time Homebuyers and Why It’s Worth It! Read More »
Spring is believed to be the busiest season of the year in the real estate market. For sellers, listing in the spring provides an opportunity to take advantage of the notable increase in buyer demand. As for buyers, there’s much more inventory to select from in the spring. Here are a few tips on how to prepare for
How to prepare if buying or selling Read More »
The spring housing market can fierce and competitive for home buyers. In a competitive market, it’s essential to be flexible. That could mean going with a fixer-upper, even if you imagined a move-in-ready dream home. There are just more of them out there. The number of starter homes on the market is shrinking, but there
BUYERS ARE BACK- It’s a Sellers Market Again Read More »
What are Essential vs. Cosmetic updates? Many factors determine the value of your home. These include plumbing, roof, siding, and cosmetic updates such as paint color and appliances. Essentials are items to ensure your home is safe and will last. Cosmetics are the things that make your house feel like a home. This season, look
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Why You Might Not Want to Get too Excited (or Nervous) About a Housing Crash (2/17/23) Rising interest rates and slightly lower demand in the market has caused many people to believe that a housing crash is imminent. Despite some signs that the market is slowing down, you shouldn’t get too worried or excited about
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Northern Virginia Market Update: This past week buyer activity went up by 6.6% Buyers are coming back into the market from the sidelines, some to capitalize on the declining interest rates! New homes listed are up 2.2%. The average list price to the actual sold price is down but with more buyers coming back into
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CURRENT HOME PRICES- WHAT SELLERS SHOULD KNOW Should you sell your home? There is a lot of talk about the housing market. Housing price growth is down from the past few months but the percentage of growth from last year is still up. A normal level of housing appreciation is 3-4%, we are currently at
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Mortgage rate dip brought many buyers and sellers back into the market. Inventory is still higher than last year and days on market keep increasing. Sellers are adjusting to the current market – 40% of active listings have reduced their original asking price. See full report here: https://brightmls.com/article/12040 Please reach out to me if you
Market Update December 2022 Read More »
