CONTRACTSContract activity in March 2022 was down 17.2% from March 2021 and was down in all six price categories. Through the first three months of the year, contract activity is down 12.1%. The average number of days on the market for homes receiving contracts was just 15 days in March 2022, down from 19 days […]
Archives: April 2022
Balancing Your Wants and Needs as a Homebuyer in Alexandria, VA
Since the number of homes for sale is low today, it can feel challenging to find one that checks all your boxes. But if you know which features are absolutely essential in your next home and which ones are just nice bonuses, you can land a home that fits your needs. Danielle Hale, Chief Economist […]
Where Are Northern Virginia Mortgage Rates Heading?
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always […]
Where Are Mortgage Rates Headed?
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably be wrong.” […]
Things To Do in Alexandria, VA | April 2022
Spring into a season of fun here in Alexandria, VA! Be sure to add these upcoming events to your calendar. It’s going to be an exciting April for us all! Del Ray Farmer’s Market Every Saturday year-round 8AM-12PM 203 East Oxford Avenue, Alexandria, VA 22301 The Del Ray Farmers’ Market is a food and plant-based […]