According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes for sale is so low today. If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent data […]
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2022 Housing Market Forecast
Some Highlights What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead. Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs. Connect with a local real estate professional so you can make your best […]
Three Tips for First-Time Homebuyers
Buying your first home is a major decision and an exciting milestone. Even though it can feel daunting at times, it has the power to change your life for the better. If you’re looking to purchase your first home, you may be wondering what’s happening in the housing market today, how much you need to save, and where to […]
Things That Could Help You Win a Bidding War on a Home
With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Here’s a look at how that breaks down state-by-state (see map below): The same report […]
Market in a Minute – March 2022 Market Conditions
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 […]
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 […]
Market Conditions for February 2022
CONTRACTS Contract activity in February 2022 was up just 0.6% from February 2021 and was up in three out of six price categories. Through the first two months of the year, contract activity is down 7.9%. The average number of days on the market for homes receiving contracts was 22 days in February 2022, down […]