Categories for Local market statistics

What Goes Up, Must Come Down

Mortgage 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 ...

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LOCO Sept Sales Stats

Detailed 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 ...

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Buy Now or Wait It Out?

There are lots of scary headlines out there making it almost impossible to decide if you should buy a home right now.    If you are worried about interest rates, remember these two things:  If you buy now and rates go lower, you can refinance to get the lower rate.  ...

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More Homes Available Now

Want To Buy a Home? Now May Be the Time. There are more homes for sale today than at any time last year. So, if you tried to buy a home last year and were outbid or out priced, now may be your opportunity. The number of homes for sale in the U.S. has ...

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Recession Does Not Mean Housing Crash

All of the headlines are talking about a recession and for many of us, we fear that must mean a housing crash as well. Fortunately, the experts say this is not the case because what caused the crash in 2007/2008 is not what is happening in our current market. History ...

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Experts Say This Isn’t A Bubble

2 Reasons Why Today’s Housing Market Isn’t a Bubble You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one hundred housing market experts and real ...

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Recession and Housing

What Caused the Housing Crash 15 Years Ago? Back in 2006, foreclosures flooded the market. That drove down home values dramatically. The two main reasons for the flood of foreclosures were: Many purchasers were not truly qualified for the mortgage they obtained, which led to more homes turning into foreclosures. ...

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Market Update for Loudoun

The Dulles Area Association of REALTORS® released their February market report and here are the highlights. The Median Sales Price was $628, 306,  up 7% from this time last year.  This is on top of the 16% increase we had in February of 2021.  Just to put it in perspective, ...

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Top Agent Award

I consider this a nice little report card for all of my hard work. Making the decision to leave IT and stay home with my kids was so difficult…..emotionally and financially but I am so glad I did it. I have never worked harder, but I have never been more ...

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