What’s Happening with Mortgage Rates, and Where Will They Go from Here? Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a ...
Continue ReadingWhat You Need To Budget for When Buying a Home When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you’re not expected to have all the answers yourself. There ...
Continue ReadingAs you are planning your move, there are a few things that you need to consider when your pets are concerned. If you are moving locally, it might be a good idea to board your pet during the actual moving day. This will minimize stress on them and on you. ...
Continue ReadingOver the last two years we have seen the demand for homes continue to increase. According the the Virginia REALTORS® Association, our inventory in Virginia has ranged from 25%-45% less inventory than previous years. But what is causing this demand? There are several reasons: Babyboom According to the latest census, ...
Continue ReadingI am predicting a very similar real estate market in 2022 for the Northern VA area. Prices won’t be increasing like they did in 2021 however, we will continue to see multiple offers and bidding wars on the homes that do hit the market. So, what can you do? A ...
Continue ReadingHere is a quick snap shot of what happened in August of 2021 compared to August of 2020. Prices were up around 9% and average days on market was 13. The most shocking statistic is the Months of Supply – is was under 1 month of supply. A balanced ...
Continue ReadingThe Lender Your Work With Is Important The mortgage lender is one of the most important people you will work with when you buy a home. And the person or company you work with will have a huge influence on how smoothly the home purchase process goes, starting with your ...
Continue ReadingUPDATE! Under Contract as of September 18,2021. COMING SOON! Ready for Showings on Friday, Sept. 17. Welcome to this 2 bed, 2 full bath townhome, tucked away in a quiet corner in the Countryside community. It has 1,195 finished square feet, including a finished basement and it has been freshly ...
Continue ReadingAs a buyer, can you get a better “deal” by going directly to the listing agent? In most cases, the answer is no. Some home buyers believe that if the seller doesn’t have to pay the buyer’s agent, they will lower the price on the home. However, the commission that ...
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