Low Interest Rates and the NoVA Housing Market According to Freddie Mac, a 30-year fixed-rate mortgage is averaging 3.82% at the moment—a two-year low. Traditionally, when interest rates drop home sales increase, and vice-versa. So are we likely to see an increase in home sales here in Northern Virginia? Probably [...]
Understanding Micro-Markets The true value of any home is a moving target. General market trends, both nationally and locally, play a part. But one of the main reasons that home value estimates from companies like Zillow are seldom on the money is that they cannot account for micro-markets. So What [...]
So the big news from last Thursday's 'A Regional Conversation With Amazon' panel discussion is that the company wants to hire most of their 25,000 new employees at HQ2 locally. Not exactly an earth-shattering announcement, given what we've heard from them so far. And in my opinion, in terms of how Amazon moving in will impact Crystal City, ahem, National Landing (still getting used to that one), it's not the most important question.So what is then, Lou?
Thinking About Moving or Improving Your Home?Take a Page from Marie Kondo
Everyone in the real estate world keeps bringing up Amazon's HQ2 move to Arlington. But what does it really mean? Here's some random musings from your local real estate dude:
Do you want to sell your home this Spring? If so, now's the time to start preparing. Here's what you can do in the next few months to put your home in the best selling position possible: Pack, Organize, Declutter! I don't know how many times I've moved in my life, but [...]
A lot of economists are forecasting a recession in the next 12 to 24 months. Here's why investing your money in Real Estate before the next recession hits is a good idea. I know what you're thinking: Lou, how can investing in real estate be a good idea during a recession when [...]
Home security equals peace of mind. But let's be honest: Have you inspected your home's security measures recently? If you're like most of us, the answer is probably no. We usually don't really think much about home security beyond locking our doors and windows until we—or someone we know—are victimized. If you haven't given [...]
As a Realtor® and builder, I mainly focus on the areas of Northern Virginia that lie inside the beltway. Because of that focus, it's been a while since I looked at how the Market in Fairfax County is performing as a whole. As we approach the new year, I was curious about the larger [...]
I'm getting ready to start construction on three new homes in Vienna, so I decided to take an in-depth look at how the market has performed over the last six months. I pulled data for Vienna single family home sales this Summer and Fall, and compared the numbers to the same period of 2017. [...]