The Dulles Area Association of REALTORS® just released the April numbers. Here is a quick summary of what the market looked like. Please reach out if you’d like more detailed information on how the current market may impact your moving plans. ...
Continue ReadingUpdate: 2.24.2023 = SOLD! $600,000! Congratulations to the sellers! This beautiful end-unit, brick-front townhome features 3 bedrooms, 2 full and 2 half baths, a 2-car garage and a large fenced backyard. The lower level has a large and bright space that can be used as a home office, play ...
Continue ReadingThe spring market has sprung and from what I am seeing, buyers are anxiously waiting more inventory to hit the market. Interest rates have calmed down a bit and now, buyers are ready to get back into home shopping, so I do anticipate a strong spring market in 2023. Our ...
Continue ReadingHere are the final numbers for our neighborhood real estate market. Despite the increase in interest rates, home prices remained steady through the end of 2022. We did see a shift in buyer activity and the market slowed significantly. But we are already seeing buyer demand creeping back up in ...
Continue ReadingWhat To Expect From the Housing Market in 2023 The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it’s put the market into a reset position. As the Federal Reserve (the Fed) made moves this year to try to lower ...
Continue ReadingMortgage Rates Will Come Down, It’s Just a Matter of Time This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the ...
Continue ReadingDetailed Charts of the LOCO housing stats from September are here. Here is what you need to know. – Median Sales Price – there were no drastic price drops. Most areas are still above where we were this time last year and in the areas where prices are lower, it ...
Continue ReadingThere are lots of scary headlines out there making it almost impossible to decide if you should buy a home right now. If you are worried about interest rates, remember these two things: If you buy now and rates go lower, you can refinance to get the lower rate. ...
Continue ReadingWant To Buy a Home? Now May Be the Time. There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has ...
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