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Northern Virginia Housing Market Update

by Stone Realty Services®

The real estate market in Northern Virginia has really picked up and has entered into a 'sellers' market.  Here is a video from Dr. Stephen Fuller, Director of the George Mason University Center for Regional Analysis.

 

Northern Virginia market update

by Stone Realty Services®

Wondering what's going on in the Northern Virginia market?  This video, updated promptly every month, explains how the market shifted during the previous month.  Contact us today for further explanation of our changing market!



Our Recent Raffle Winners!

by Stone Realty Services®

Check out our recent prize drawing!  These lucky winners received gift cards to local businesses in the Carlyle neighborhood of Old Town, Alexandria, Virginia!

 

Should I Buy a Home Now?

by Stone Realty Services®

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

Displaying blog entries 141-144 of 144

Contact Information

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Stone Wood Team
EXP Realty
2165 Jamieson Avenue
Alexandria VA 22314
Office: (703) 739-4663
Office: (703) 739-HOME
Fax: 703-683-9692