What’s Behind Today’s Mortgage Rate Volatility? If you’ve been keeping an eye on mortgage rates lately, you might feel like you’re on a roller coaster ride. One day rates are up; the next they dip down a bit. So, what’s driving this constant change? Let’s dive into just a few ...
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 ReadingHow Much Does It Cost To Sell My House? If you’re toying with the idea of selling your house, you’re probably wondering how much it’ll cost. To be honest, the final number will depend on several factors like the offer you accept, if you help with your buyer’s closing costs, ...
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 ReadingWhen it comes to selling your home, pricing it right from the start is critical. While it’s tempting to list your property at a higher price with the thought of “testing the market” or leaving room for negotiation, this strategy can backfire. Overpricing can lead to extended time on 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 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 listed their home for sale they would sign a Listing Agreement with their agent. Within the agreement was ...
Continue ReadingWhen it comes to home updates that provide the best return on investment (ROI), certain projects tend to add more value than others. Here are some of the top updates: 1. Minor Kitchen Remodel: – ROI: ~70-80% – Details: Updating cabinets (refacing or painting), replacing countertops (quartz or granite), installing ...
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