Why This Housing Market Is Not a Bubble Ready To Pop Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned ...
Continue ReadingWhat You Need To Know if You’re Thinking About Building a Home If you’re ready to move up, you may be trying to decide whether you want to buy a home that’s already on the market or build a new one. And since the supply of homes available for sale today is low, ...
Continue ReadingWhat’s Happening with Mortgage Rates, and Where Will They Go from Here? Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a ...
Continue ReadingWhat You Need To Budget for When Buying a Home When it comes to buying a home, it can feel a bit intimidating to know how much you need to save and where to find that information. But you should know, you’re not expected to have all the answers yourself. There ...
Continue ReadingAs you are planning your move, there are a few things that you need to consider when your pets are concerned. If you are moving locally, it might be a good idea to board your pet during the actual moving day. This will minimize stress on them and on you. ...
Continue ReadingOver the last two years we have seen the demand for homes continue to increase. According the the Virginia REALTORS® Association, our inventory in Virginia has ranged from 25%-45% less inventory than previous years. But what is causing this demand? There are several reasons: Babyboom According to the latest census, ...
Continue ReadingI am predicting a very similar real estate market in 2022 for the Northern VA area. Prices won’t be increasing like they did in 2021 however, we will continue to see multiple offers and bidding wars on the homes that do hit the market. So, what can you do? A ...
Continue ReadingHere is a quick snap shot of what happened in August of 2021 compared to August of 2020. Prices were up around 9% and average days on market was 13. The most shocking statistic is the Months of Supply – is was under 1 month of supply. A balanced ...
Continue ReadingThe Lender Your Work With Is Important The mortgage lender is one of the most important people you will work with when you buy a home. And the person or company you work with will have a huge influence on how smoothly the home purchase process goes, starting with your ...
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