Is Wall Street Really Buying All the Homes? Let’s be real – buying a home right now is tough. You’re scrolling through listings, rushing to open houses, and maybe even losing out to more competitive offers. Somewhere along the way, you might’ve heard the reason it’s so hard to find a home is because ...
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 ReadingHistorically, elections can have a noticeable impact on the housing market. I asked ChatGPT for a list, and I think it summarized the information quite nicely. 1. Market Uncertainty – Pre-Election Period: The months leading up to an election often create uncertainty, especially regarding potential policy changes. This can cause ...
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 ReadingWe moved to Countryside in the late summer of 2003, and are still in the exact same house. We love it here and I was curious to see how much prices have changed in the last ten years. The results shocked me a little bit, but it just goes to ...
Continue ReadingWhy Now Is Still a Great Time To Sell Your House If you were worried buyer demand disappeared when mortgage rates went up, the data shows there are plenty of interested buyers still out there. The housing market isn’t as frenzied as it was during the ‘unicorn’ years when buyer demand was through the roof, mortgage rates were ...
Continue ReadingHere are the numbers from the Dulles Area Association of REALTORS® for October. Price growth has moderated in some parts of the county and continues to climb in others. The countywide median price was $665,000 in Loudoun County in October, inching up just 1.5% from the previous year, a $10,000 ...
Continue ReadingThe housing economy headlines you see on the news may not necessarily reflect what is happening in our local market. But those stories can be scary, especially if you were effected by the crash in 2006-2008. But if you’ve lived in the Northern VA area for awhile, you know that ...
Continue ReadingIt’s no surprise we are still low on inventory. Prices have seem to stay up and days on market are coming down for some areas. Overall, Loudoun County has 0.8 months of inventory, which is extremely low, a balanced market has 4-6 months of inventory. The rental market is also ...
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