Blog
Weekly Market Update: August 5, 2024
Morning folks. Today’s report is the opposite of last week’s report. Inventory shot back up (9.83%) and the supply/demand equation dropped (-10.05%). On top of that interest rates came down late last week to levels not see...
How the Economy Impacts Mortgage Rates
As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what's ahead. One thing that can affect mortgage rates is the Federal Funds Rate, which influences how m...
Back to Rosslyn, Virginia
Today we are throwing it back to our Onsite Ep37: Rosslyn, Virginia. Last time we were here, there was an old 1970’s style Holiday Inn, right there. Well, that’s gone. Developer Dittmar is building two towers. A 375 room, 38 story to...
A Newly Built Home May Actually Be More Budget-Friendly
If you’re in the market to buy a home, there’s some exciting news for you. Many people assume that newly built homes are more expensive than existing ones (houses that have already been lived in), but that’s not always the case. In fact, ...
Why a Foreclosure Wave Isn’t on the Horizon
Even though data shows inflation is cooling, a lot of people are still feeling the pinch on their wallets. And those high costs on everything from gas to groceries are fueling unnecessary concerns that more people are going to have trouble maki...
Weekly Market Update: July 29, 2024
As we close out July, we see a drop (-15%) in new listings and an increase (9.25%) in months of supply since last week’s report. In simple terms we are seeing the seasonal slowdown in new properties being offered for sale and a...
What is an Escrow Deposit?
What is an escrow deposit? Here in the DC metro area we call it the EMD or earnest money deposit. It is the best way for a buyer to demonstrate to the seller they are legit.
Five Home Prep Selling Tips
Here are five home selling tips that will help you in any market. Declutter Clean windows Make necessary repairs Home staging Updates