How Mortgage Rates Affect Your Monthly Payment Some Highlights Experts say rates will come down slightly in the year ahead – but some volatility is expected. So, you shouldn’t try to time the market. Instead, it’s better to focus on how even a small change impacts your future mortgage payment. As rates come down, even ...
Continue ReadingExpert Forecasts for the 2025 Housing Market Wondering what’s in store for the housing market this year? And more specifically, what it all means for you if you plan to buy or sell a home? The best way to get that information is to lean on the pros. Experts are ...
Continue ReadingWhat Will It Take for Prices To Come Down? You may be wondering if home prices are going to crash. And believe it or not, some people might even be hoping this happens so they can finally purchase a more affordable home. But experts agree that’s not what’s in the cards – and ...
Continue ReadingRenting vs. Buying: The Net Worth Gap You Need To See Trying to decide between renting or buying a home? One key factor that could help you choose is just how much homeownership can grow your net worth. Every three years, the Federal Reserve Board shares a report called the Survey of Consumer Finances (SCF). ...
Continue ReadingWhy Home Sales Bounce Back After Presidential Elections With the 2024 Presidential election fast approaching, you might be wondering what impact, if any, it’s having on the housing market. Let’s break it down. Election Years Bring a Temporary Slowdown In any given year, home sales slow down slightly in the ...
Continue ReadingWhat To Expect from Mortgage Rates and Home Prices in 2025 Curious about where the housing market is headed in 2025? The good news is that experts are offering some promising forecasts, especially when it comes to two key factors that directly affect your decisions: mortgage rates and home prices. Whether you’re thinking ...
Continue ReadingUPDATE: Pending as of September 20,2024 Welcome to this beautiful home in the Countryside community. The kitchen and all bathrooms have been gorgeously remodeled and you will love this corner lot with its mature landscaping and inviting curb appeal. As you step inside, you are greeted with a remarkable entryway ...
Continue ReadingNavigating the Shifts in the Northern Virginia Housing Market: A Move Toward Balance The Northern Virginia housing market, once characterized by feverish activity and soaring prices, is undergoing a notable transformation. As we move further into 2024, the dynamics of buying and selling homes in this region are shifting from ...
Continue ReadingUnderstanding the Changes to Real Estate Commissions To help explain these new changes, let’s first look at how commissions were paid before August 17, 2024. Before August 17, 2024 When a seller wanted to list their home, they would sign a Listing Agreement with their agent, agreeing to pay a ...
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