Virginia 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 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 ReadingSOLD! The seller received two offers on this home just after the holidays and chose an all cash offer that closed in 12 days. This is a great opportunity to move into your very own detached home in Jan 2023. This adorable home features 4 upper level bedrooms, 2.5 baths, ...
Continue ReadingHome Equity: A Source of Strength for Homeowners Today Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says: “. . . don’t expect a housing bust like the mid-2000s, ...
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 ReadingThe Cost of Waiting for Mortgage Rates To Go Down Mortgage rates have increased significantly in recent weeks. And that may mean you have questions about what this means for you if you’re planning to buy a home. Here’s some information that can help you make an informed decision when you set ...
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