Categories for Market Data for Loudoun County

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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Developments in Cascades

Update: Public Hearing for this community is being held on May 11, 2022 at 6 PM Loudoun County Government Center, First Floor, Board Room 1 Harrison Street, SE., Leesburg, VA 20177 *Update 4/2/2022 – I just wanted to clarify that these ‘condo’ style homes will be considered townhomes with fee ...

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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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Billion Dollar Challenge

We did it!!! Our team has closed over ONE BILLION DOLLARS in residential real estate. Our team has helped 2,543 families during our billion dollar challenge! This is such a good feeling to know that we have helped so many! In February 2019, Eric Pearson, the President of Pearson Smith ...

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What is Causing the Demand?

Over 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, ...

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Loudoun Market Update

  Here 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 ...

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2021 Housing Predictions

The housing market is going strong and will continue to do so in 2021 and beyond. None of us predicted the surge in sales the second-half of 2020. Many of us agents thought our businesses were going to take a huge hit and plenty of sellers would put their moving ...

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