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 »
2021 was a crazy year & one of the hottest markets in history. 2022 will continue to be a sellers’ market for sure, due to inventory shortage. Price increases are not expected to be what they were in 2021, more towards a normal rate but fir the month of January offers are being made well
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Exterior average ROI 75%-95% First impressions are everything! Overgrown landscaping, broken up walk ways, beat up front doors, are not appealing. Power washing and fresh paint are huge improvements too! Kitchens average ROI 80%-85% Many buyers walk in and immediately head to the kitchen. Kitchens sell homes! Buyers start to make quick decisions if they
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iBuyer vs. Realtor comes down to one main focus. Do you need convenience or prefer more money? Convenience has a cost.
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Many home buyers in the Northern Virginia area have halted their search. Bidding wars have eased and homes are on the market longer. Realtor magazine has reported that 4 in 10 home buyers said they have stopped looking. The top reasons were that the market was too intimidating and they have lost out too many
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Inventory is still super low, buyer demand fell but is creeping up again. Still a good time to sell. If you are thinking about selling, let’s chat about your plans and the market! #lisajoyrealtor #lisajoyrealtor
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If you’re seriously considering selling but still want to make improvements while you’re still living there, let me make two important suggestions. Stay neutral in style: No one wants to rip out home improvements that are obviously recent but don’t meet their personal tastes. Any changes you make should play to the largest possible audience. Consider
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