What Lower Mortgage Rates Mean for Your Purchasing Power If you want to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently ...
Continue ReadingExpert Quotes on the 2024 Housing Market Forecast If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market in 2024. In 2023, higher mortgage rates, confusion over home price headlines, and a lack of homes for sale created some challenges for buyers and sellers looking ...
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 Reading2024 Housing Market Forecast Some Highlights Thinking of buying or selling a house and wondering what the new year holds for the housing market? Experts forecast home prices to end this year up 2.8% and to rise another 1.5% in 2024. And climbing prices help make homeownership a good investment. Plus, home sales are projected to increase in 2024. That’s good news because it means ...
Continue ReadingAs a self-employed individual you have the same loan options and requirements as a wager earner does. However, you do have the added complexity of providing detailed proof of income. Here’s what you need to be aware of and prepared for: ✅ Organize your finances and records. You will need ...
Continue ReadingAre you considering taking the plunge into owning a property with a swimming pool?🏊♀️💦 Before you make a splash, let’s explore the pros and cons to ensure you make a confident and informed decision: 🌟 Pro: Resort-Style Oasis at Your Doorstep! Enjoy the luxury and relaxation of having your own ...
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 ...
Continue ReadingThe 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 ReadingThe Buying And Selling Of Your Mortgage Loan My last blog post talked about wire fraud scams. If you missed it, you can read it here: Wire Fraud Scams. When you finish signing the closing paperwork on your new home, your settlement packet will include a payment coupon that you ...
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