Is the Sky Falling on the Housing Market? Thomas Ellwood of Day 1 Mortgage joins Lou to discuss what effect recent interest rate increases will have on the housing market. Video highlight: Mortgage rates are still below 40 year historic averages, and the increase in interest rates is less than the general [...]
I cringe when I hear talk about a recession…it brings back memories of the ‘Great Recession’. We had three spec homes under construction at that time. Add fuel to the fire, my company was the only ‘modern’ spec builder active in Arlington [...]
After a sluggish Spring, Fairfax County experienced a steady rise in home sales this summer—a trend that has continued into fall. In Fairfax County, just like everywhere else, spring home sales were significantly impacted by the pandemic. Total sales in March, April and May were 3,830 homes sold, down 16% from Spring 2019. [...]
A Strong Start to the Fall Market After the initial uncertainty brought about by the quarantine, the Arlington real estate market saw a steady rise in home sales this summer, a trend that has continued into fall. From a low of 189 homes sold in May—a traditionally strong month—the number of homes sold [...]
A Brisk Fall Market So Far After an uneven and uncertain Spring/Summer, the Vienna real estate market has experienced strong growth this fall. 118 homes have sold in Vienna since Sept. 1st. That's the highest total number of fall home sales in the last 5 years, and a 10% increase over the same [...]
I hope you had an enjoyable summer! The past 3 months have been a bit of a ride for the real estate market here in Northern Virginia. We saw an uncertain spring market pivot into a strong summer as folks adjusted to the current ‘normal’, and got back to living life. There’s been [...]
The prospect of buying a home can seem daunting. With advice coming at you from all directions, it can be hard to focus on what matters. I can help. This is the 4-step process I use to guide my clients through the home buying process. 1. Get Prequalified for a [...]
When it Comes to Your Home, 'Green' and 'Healthy' Aren't Always the Same Thing We spend most of our lives inside our home, surrounded by chemicals. They're everywhere: In the paint and wallpaper, furniture and cleaning supplies we use. Obviously, the fewer hazardous chemicals we breathe in, the better. But [...]
What is Pre-Qualification? Simply put, being pre-qualified is the first step for a serious homebuyer. To get a pre-qualification letter, you provide a bank or lender with information that allows them to see your complete financial picture. Once they have analyzed this information, the bank or lender will give you [...]
Significantly more Americans are choosing to age in place. According to a recent Freddie Mac report, the current home ownership rate for adults ages 81-85 is 15% higher than it was in previous generations. It makes sense when you think about it. We're living longer and taking better care of [...]
