2024-04-08 11:57
March Highlights:
MULTIPLE SUB-MARKETS HIT ALL-TIME PRICE HIGHS
Northern Virginia Prices UP 5.5%Northern Virginia and all major sub-markets including Fairfax, Loudoun, and Prince William… Read More
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february
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Covering the most important topics about Northern Virginia real estate!
2024-03-09 13:54
February Highlights:
LISTINGS MAKE BID AT A BOTTOM; PRICES MOVE HIGHER
Northern Virginia Listings UP 3.2%February marked the first month since June 2021 with an increase in listings (UP… Read More
2024-02-13 15:05
January Highlights:
2024 KICKS OFF WITH HIGHER HOME PRICES
Northern Virginia Home Prices UP 7%In January, the average home price in Northern Virginia was $713,100 (up 7% from $665,600 in… Read More
2024-01-15 16:26
December Highlights:
DESPITE HIGH RATES, PRICES FINISH STRONG YEAR
Northern Virginia Home Prices UP 4% in 2023Northern Virginia finished strong with the average price appreciating $… Read More
2023-12-12 14:25
November Highlights:
LOUDOUN COUNTY HOME PRICES UP 9%
Northern Virginia Home Prices UP 1.4%September marked the largest month-to-month fall in prices in over 6 years. During October and… Read More
2023-11-13 13:56
October Highlights:
PRICES STEADY FROM LAST MONTH'S DECLINE
Northern Virginia Home Prices UNCHANGED 0.0%Last month, (September) marked the largest month-to-month fall in prices in over 6… Read More
2023-10-12 15:01
September Highlights:
DID PRICES JUST HIT AN INFLECTION POINT?
Northern Virginia Home Prices DOWN 4.8%While median prices in all sub-markets remain at relative highs, and prices are up 3… Read More
2023-09-12 21:26
August Highlights:
PRICES HOLD UP / BUYER SHOWINGS NEAR LOW
Northern Virginia Home Prices UP 0.2%Median prices in all sub-markets remain at relative highs. Average price moves up to 3.1%… Read More
2023-08-10 18:04
July Highlights:
PRICES HOLD UP / BUYER SHOWINGS NEAR LOW
Northern Virginia Home Prices DOWN 2%Median prices in all sub-markets are within a few percentage points of all-time highs.
Buy… Read More
2023-08-10 18:04
July Highlights:
PRICES HOLD UP / BUYER SHOWINGS NEAR LOW
Northern Virginia Home Prices DOWN 2%Median prices in all sub-markets are within a few percentage points of all-time highs.
Buy… Read More
2023-07-12 18:06
June Highlights:
PRICES HOLD UP / BUYER SHOWINGS FALL TO LOW
Northern Virginia Home Prices DOWN 1%Median price in Fairfax Co. ($721,900) breaks all-time high set last May.
Buyer Showing… Read More
2023-06-15 20:48
May Highlights:
PRICES UP STRONG / SUMMER PIVOT BEGINS
Northern Virginia Home Prices UP 5%Median price ($670,000) breaks all-time high set last May.
Buyer Showings Lag 2022 Levels by 18… Read More
2023-05-14 14:42
April Highlights:
PRICES UP STRONG / NEW LISTINGS DOWN AGAIN
Northern Virginia Home Prices UP 3.1%Median prices are near all-time highs
Buyer Showings Near 2022 LevelsShowings up 20% co… Read More
2023-04-13 12:00
March Highlights:
PRICES UP STRONG / NEW LISTINGS REBOUND
Northern Virginia Home Prices UP 5.8%
Buyer Showings Near 2019 Levels
Listings UP 43% Departing February Decline
March Listin… Read More
2023-03-13 17:29
February Highlights:
NEW LISTINGS HIT ALL-TIME LOW / PRICES UP
Northern Virginia Home Prices UP 1.7%
Buyer Showings Near 2019 Levels
Listings DOWN 40% vs Feb-2022
Fewer Feb Listings t… Read More
2023-02-14 18:03
January Highlights:
Northern Virginia Home Prices UP 1.8%
Buyer Showings UP 6,000 (14%) vs Jan-2022
Listings DOWN 13% vs Jan-2022
Listings at ALL-TIME LOW (2,115) since 1997
Fewer "Di… Read More
2023-01-19 14:42
What Happened in 2022?
Northern Virginia Home Prices Up 8% in 2022
December Home Prices only Down 1.3% from May Peak
Number of Buyers in Market Held Strong
Same 63% of Homes Sold in 1… Read More
2022-12-15 17:19
DC Metro Housing Market Proves National Headlines Wrong in 2022Prices Appreciate - Homes Selling Fast - No Glut of Inventory: As usual, the consensus forecasts by many renowned economists… Read More
2022-11-14 14:03
Prices Up in October, but Decelerate to First Annual Price DeclineOctober Prices Up 2.5% from September: The median home price in Northern Virginia was up 2.5% in October. October's uptick… Read More
2022-10-16 17:13
Prices Down Slightly in September; Arlington Down by A Lot?September Prices Fell 1.7% from August: The median home price in Northern Virginia was down slightly (-1.7%) in September after h… Read More
2022-09-19 17:40
Home Prices Trend Down in AugustAugust Prices Fell 3.9% from July: The median home price in Northern Virginia softened by another 4% in August after hitting a new high of $660,000 in May… Read More
2022-08-23 15:52
Home Prices Trend Down in JulyJuly Prices Fell 3.3% from June: The median home price in Northern Virginia softened by another 3% in July after hitting a new high of $660,000 in May. All ma… Read More
2022-08-23 15:52
Home Prices Trend Down in JulyJuly Prices Fell 3.3% from June: The median home price in Northern Virginia softened by another 3% in July after hitting a new high of $660,000 in May. All ma… Read More
2022-07-14 17:43
Are Home Prices Falling in Fairfax?
June Prices Fall 3% from May: The median home price in Northern Virginia fell for the first time in 2022. After hitting a new high last month of $660… Read More
2022-06-14 12:04
Home Prices Trend Up in MayMay Prices Increased 2.3% from April: The median home price in Northern Virginia continued to trend up hitting a new high of $660,000, adding another $15,000 to… Read More
2022-05-11 17:25
Home Prices Trend Up in AprilApril Prices Increased 4.9% from March: The median home price in Northern Virginia continued to trend up hitting a new high of $645,000, adding another $30,000… Read More
2022-04-14 20:43
Prices Spike Up, Breaking 2021 HighsMarch Prices Increased 7% from February: March was a strong month in Northern Virginia home prices much like we experience seasonally in our region (Mar… Read More
2022-03-13 23:27
Prices Trend Up, Near 2021 HighsFebruary Prices Trend Up, Still Below 2021 Highs: Overall, the median price of a Northern Virginia home spiked 7.5% during February. All sub-markets moved u… Read More
2022-03-09 19:38
Housing Shortage: The Calculation
It's More than Just Supply (Sellers): Buying a home is challenging in today's market. Much of what we see and read laments there is "Low Inventory". Th… Read More
2022-02-14 23:00
January Prices Flat Overall: Overall, the median price of Northern Virginia homes fell 3.6% during the one month from December 2021 to January 2022. Inventory remains low. New listings in… Read More
2022-01-13 14:14
NoVa Prices Finished Strong in 2021: This was especially the case for homes located in the suburbs. On an average sales price basis, the top three appreciating sub-markets were Loudoun (… Read More
2021-12-14 17:11
November Prices Mixed Across Northern Virginia
NoVa Prices Relatively Flat in November: Overall, prices in Northern Virginia fell 1.4% in November led by Fairfax County (-4.4%). Conversel… Read More
2021-12-06 15:41
NOT ALL HOMES SUCCESSFULLY SELL IN NORTHERN VIRGINIASellers are shocked to learn there are typically over 10,000 MLS Listings in Northern Virginia that fail to sell each year. This is ev… Read More
2021-11-11 18:48
September Price Firming Sets Up Strong October Move
NoVa Prices Increased 3.6% in October: Mainly represented by Fairfax and Arlington counties. Prince William was the only county with de… Read More
2021-10-20 14:41
Housing Bubble Concerns Rise Among Some ConsumersSome home sellers and buyers alike have become concerned about home prices. It's an asset class they either own or consider buying. This co… Read More
2021-10-19 15:42
Summer Decline in Home Prices Possibly Showing Signs of Firming
NoVa Prices Decline 2.7% in September: Mainly represented by Fairfax and Loudoun counties. Conversely, Arlington and Prince… Read More
2021-09-17 15:51
Northern Virginia Home Prices Continue to Ease into the Fall Season
Prices Decline 4.2% in August: Home prices in all sub-markets across Northern Virginia fell again in August. This conti… Read More
2021-08-12 20:01
What Has Changed in the Last Few Months?
More Homes & Fewer Showings: There are approximately 25% more homes coming onto the market for sale than in the late winter to spring mont… Read More
2021-07-08 13:05
Top 5 Changes in the Market Dramatically Helping Buyers
More Homes are Available For Sale: There are approximately 25% more homes coming onto the market for sale than in the late winter t… Read More
2021-06-21 01:30
What is an Absorption Rate; How is it Related to Housing Inventory?Absorption rate is a mathematical calculation used in various business applications. In real estate, absorption rate is a… Read More
2021-04-14 15:30
Surge in Number of Buyers Have Dramatically Moved the Market
In the last six months, buyers have been unwinding pent-up demand built during last year's Stay-at-Home orders. Combined wit… Read More
2021-03-18 11:31
Low Inventory, Interest Rates & Strong Economy
The housing market has dramatically moved further in the seller's favor during the last six months. The market has been operating in a '… Read More
2021-02-17 19:43
Housing Inventory Sits at Record Lows
Low inventory in the Northern Virginia housing market is nothing new. The local market has been faced with relatively fewer homes for sale since exit… Read More
2021-01-05 15:38
Fall in Rates Flip Loan Amortization Schedule to Advantage Borrower
Just two years ago, interest rates for a home mortgage were in the area of 4%. Today, rates are near 2.5% (40% less). T… Read More
2020-12-09 14:42
CONTACT ME TO BEGIN ESTABLISHING A STRATEGY!
LET'S ACHIEVE YOUR BEST BUYING OR SELLING OUTCOME!
Buyer Opportunity: More and more homes are being sold. Interest rates sit at… Read More
2020-11-18 15:37
Northern Virginia Housing Market Has Proved Incredibly Resilient
This is clear from the two infographics above. One shows April activity and the other is October. To be sure, the p… Read More
2020-08-19 10:24
COVID-19 Has Disrupted the Housing MarketThis is clear from the two infographics above. One shows April activity and the other is July. To be sure, the pandemic has produced volatility… Read More
2020-08-10 12:02
Use a Professional Agent / Know the Top 5 Factors that Secures Your Rental Home of Choice
Prospecting for your next rental home can be a challenging and stressful process when working alo… Read More
2020-07-21 18:21
This is What Recovery May Look Like - Signals for a Delayed Spring Market
Here are some of the leading top-line metrics that best illustrate the health of the Northern Virginia res… Read More
2020-07-07 12:27
The Easy Answer is the Seller, but it's Much More Complicated
It's your home, your asset, you determine the price, right? While technically true, there are actually six (6) elem… Read More
2020-06-14 12:17
May Data Mixed - Signals Flashing for a Delayed Spring Market
Here are some of the leading top-line metrics that best illustrate the health of the Northern Virginia residential r… Read More
2020-06-04 11:21
I Listed & Sold This Centreville Home (June 2020)
Another Buyer Breaking Through a Financial Ceiling!
Another Example of How Buying is Better than Renting!
Buyers Stand to Gain $1,784… Read More
2020-05-18 00:19
April Data Mixed During the First Full Month of Stay-At-Home Orders
Here are some of the leading top-line metrics that best illustrate the health of the Northern Virginia residen… Read More
2020-04-28 20:18
How is the Real Estate Market?
This is perhaps the most popular question asked of a real estate agent. During the past six weeks since the "Temporary Stay at Home" order has… Read More
2020-01-28 11:00
What Does a Low Commission, Bargain-Priced Agent Look Like?The average listing fee to sell a home in Northern Virginia is approximately 2.6% (excluding the fee to a buyer's agent). General… Read More
2020-01-24 11:40
Independent Agents are Best Calibrated for Seller SuccessBrightMLS statistics prove that Top Producing, Independent Agents perform at an exceedingly higher level when compared to bargain-p… Read More
2019-12-24 10:36
Realtors® Are Not Created EqualThere are over 16,000 member Realtors® in Northern Virginia between three associations; the Northern Virginia Association of Realtors (NVAR), the Rea… Read More
2019-11-19 11:34
How Long Do Homeowners Stay in Their Homes?The average Northern Virginia homeowner stays in their home for 11.1 years before selling. That's a long time and a lot can happen to a home in 1… Read More
2019-11-05 12:02
What is the Consumer Objective When Hiring an Agent?The consumer objective is to procure an agent who provides a compelling value proposition. One who has the requisite skill and expe… Read More
2019-10-28 12:25
Real Estate is a Business of ContractsContracts are serious, complex, legal documents and that's no different when buying or selling a home. In fact, buyers and sellers will be confronted… Read More
2019-10-07 12:33
Buying Requires Less Income Than RentingTired of being a renter and getting what seems like a less than ideal living situation than you'd like? If you've ever thought of becoming a homeown… Read More
2019-08-25 14:18
Majority of Home Sellers & Buyers Worry About a Housing Bubble & Price CrashNaturally, home sellers and buyers are often concerned about home prices. It's an asset class they eithe… Read More
2019-07-28 14:33
Zillow's Inaccuracy Frustrates Consumers & Company CEOSo much so that Zillow has been accused of misleading and irresponsible home price estimates that have hurt both home buyers and s… Read More
2019-07-03 14:50
The definition of a legal bedroom in Virginia is typically determined by local municipality zoning codes as generally established by the International Residential Code (IRC). The definitio… Read More
2019-06-20 15:31
It's amazing how many times a once-in-a-lifetime opportunity comes around. But here we are again with mortgage rates nearing historic lows.
People who need to pay the most attention are the… Read More
2019-06-06 17:44
It has been a busy year and a great Spring Season 2019! Thank you to all my wonderful clients who continue to put their trust in me. It brings me great joy to problem solve, provide superior… Read More
2019-05-25 15:40
Present & Evaluate Home Offers Like a Billion Dollar ProcurementProcurement is the process of buying goods, works or services. The U.S. federal government alone procures over $500 bill… Read More
2019-05-01 15:52
People are Competitive and So is Buying a HomeCompetition is at the root of our evolutionary heritage. Competition is one of the most basic functions of nature. This was a well-studied subje… Read More
2019-03-13 16:07
The Economics of Our DecisionsI find the discipline of economics intriguing and how the science becomes involved in most of our decision making. The laws of economics impact every level of s… Read More
2019-02-21 16:16
Using My Knowledge of Property Value & Home Improvements for Seller BenefitMy overarching goal when working with my sellers is to sell their home at maximum price, in the shortest time f… Read More
2019-01-22 16:23
The Power of Six There are many examples of how factors of six can be very powerful. For example, bees construct their hive in the shape of the six-sided hexagon, because the hexagon is… Read More
2018-12-28 16:32
What is a Guaranteed Home Sale Program? A Guaranteed Home Sale Program is a promise by a real estate agent to do something (usually sell a home within a specific time frame, or above a certa… Read More
2018-12-21 10:49
Most Important First Step is Selecting a Realtor® Whether you're a first-time home seller in Northern Virginia, or you have sold multiple homes in your lifetime, the process of… Read More
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