Real Estate for Life

Be sure to make decisions using the data not the drama. The Federal Reserve announced in their January 2024 meeting that they will keep the federal funds rates steady and re-evaluation in March. Here's why this data is what you should consider when buying or selling a home. Be warned by sensational news and drama.

Presidential Elections are now in the news on a daily basis. And it’s just getting started. Primaries, caucuses, and debates are being held across the country. With just under 10 months away from voting day, the 2024 election cycle is ramping up. According to this Forbes article , “research and industry experts agree that the closer the election gets, the more likely its effects on housing, regard...

It's a good idea to know how your local real estate market is doing. This is whether you want to sell or buy a home in the near future. It allows for general expectations and guides your planning process. Thankfully, we're happy to study the market so you don't have to. Housing Statistics for Northern Virginia for the end of December signal signs of a seasonal low. It’s the time of year for holida...

January seems to be off to a great start. Buyers are back out shopping for homes and taking advantage of the lower mortgage interest rates. In this week's video, we share the good news of what we're seeing. They include lower interest rates, more homes for sale, and solid home prices in Northern Virginia. Sign up for the newsletter: https://share.hsforms.com/1v9vrUePMSpGzYH_9bjUpKw4m791

We review the 2023 real estate market in Northern Virginia and more importantly share our forecast for the coming year. Our "word" is Optimistic.

This past month, the real estate market in Northern Virginia continues to be steady with key positives. The Market Update December 2023 covers a lot. The Department of Labor Statistics announced inflation rose only 0.1% from November to December and the new inflation rate from November 2022 to November 2023 was 3.1%. Additionally, the Federal Reserve announced they would not raise the federal fund...

Presently, mortgage interest rates on a 30-year fixed loan are down to around 6.8%. This is a big difference from just one month ago when rates were closer to 7.8%. This is great news for anyone thinking of buying a home as they can expect to be able to afford more. For example, a home loan for a $500,000 home with 20% down at 7.8% is about $3,500 per month (with taxes and fees). The same conditio...

There has been a lot of news going around about a recent lawsuit that affects the real estate industry. According to the National Association of Realtors (NAR) press release, “after an 11-day trial in the case of Burnett v. NAR et al , the eight-person jury in a Kansas City, Mo., federal courtroom, came back Tuesday and found the National Association of REALTORS® and other corporate defendants lia...

This month, we're calling Northern Virginia's real estate market STRONG and STEADY!

More and more homeowners are thinking about renting out their homes or buying an investment property. They know it's a great way to make passive income and build generational wealth. Still, there are other considerations including financial stability and interest.

In Northern Virginia, homes tend to take less time to go under contract and process a sales contract. We explain how to sell your home in 40 days in Northern Virginia.

Find out the time proven method of investing in real estate. There is a myth that you can time the market. The truth is that everyone's situation is different and there will be a "perfect" time for you.

Northern Virginia Real Estate Market update for October 2023

While real estate is a tangible and regulated industry, there are several myths and misconceptions associated with it. These myths can sometimes lead to misunderstandings and misinformed decisions among buyers, sellers, and investors. A true professional serves their clients by providing factual and up-to-date information. This is why it’s so important to have an expert real estate agent on your s...

If you've tried selling your home recently without success, you have likely experienced frustration and sadness. Most homeowners who've put their home on the market recently did so for good reason. They are usually experiencing changes in their lifestyle or circumstances to the point their home no longer suits their needs. Still, the discouragement may lead to you giving up or being held in a hold...

September 20, 2023 The federal reserve announced it would leave the federal reserve rate as is. They project not expecting to bring inflation down to 2% until possibly 2026.

The Consumer Price Index (CPI) just released the latest inflation percentage of 3.7% which is not what most were hoping for. Still, there is positive news in the latest real estate data concerning home inventory and house prices. Home prices were up 0.2% from the previous month and over 9% from the same time last year. The number of homes currently for sale is 6% higher than the previous month but...

Real Estate Professionals Denise Fuller and Raymond Rees share how to be prepared in the seller's market of 2023. Inventory is low so buyers must compete to get their offer accepted. They cover the Buyers Consultation, Pre-Qualification, Other Costs, and Comparative Market Analysis. We want our clients to be the MOST INFORMED in the process. In this current market of low inventory, it's more impor...

Interest Rates are Affecting Housing in 2023. Interest rates started increasing in March 2022 and hasn’t stopped since. Rates went from around 3% in June 2022 to 5% in May 2023. This month, September 2023, interest rates are affecting housing and hovering around 7%. Many experts note that efforts to curb inflation has taken longer to affect homes in high-demand areas like Northern Virginia. Still,...

A great real estate agent is a valuable member of your team of experts that can help you throughout your lifetime. They can assist in home sales, finding new homes and rentals, estimate the value of your home for a refinance, and the list goes on. Ever wandered how to choose your real estate agent? There are so many things to consider when choosing a true professional. Here are some signs of a gre...

Enticed by the call of nature? Real Estate Professionals Denise Fuller and Ray Rees explain the lure of leaving the big city for a quieter lifestyle. From being able to work from home to "more home for money", this is a frank discussion that is certainly timely as housing affordability is a real concern these days. Full Blog Article: https://homeestaterealty.com/lifestyle/blog/country-living-in-no...

Latest Market Update Northern Virginia | Real Estate 🏡🏡🏡🏡🏡 𝕃𝔸𝕋𝔼𝕊𝕋 𝕄𝔸ℝ𝕂𝔼𝕋 𝕌ℙ𝔻𝔸𝕋𝔼⁠ Looking at the latest statistics confirms all these multiple offer scenarios we've been seeing. The number of days to go under contract is down 10 days and home prices are up 6% from last month. The Spring market is definitely in full swing. This is in spite of mortgage interest rates above 6%. Using statistics f...