Here 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 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 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 ReadingLower Mortgage Rates Are Bringing Buyers Back to the Market As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Now, however, ...
Continue ReadingThe spring market has sprung and from what I am seeing, buyers are anxiously waiting more inventory to hit the market. Interest rates have calmed down a bit and now, buyers are ready to get back into home shopping, so I do anticipate a strong spring market in 2023. Our ...
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 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 ReadingThere 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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