Lower Mortgage Rates Are Bringing Buyers Back to the Market As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however, ...
Continue ReadingHere are eight signs that say you might be ready to stop renting and become a home owner. Maybe it is time to invest in your own home and build equity. Let’s chat about your options. ...
Continue ReadingVirginia Housing (formerly VHDA), has spent the last 50 years making homeownership more affordable. Here are some of the programs that you can take advantage of as a first time home buyer: DOWN PAYMENT ASSISTANCE GRANT (DPA) This grant provides money to qualifying first time buyers and it does not ...
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 ReadingTips To Reach Your Homebuying Goals in 2023 Some Highlights If you’re planning to buy a home in 2023, here are a few things to focus on. Work on your credit and save for a down payment. If saving feels like a challenge, there’s help available. Then, get pre-approved, create a list of desired features, and prioritize them. Let’s ...
Continue Reading3 Best Practices for Selling Your House This Year A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current ...
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 ...
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