2 Questions Home Sellers Are Always Asking MeIf you’re thinking about selling your home, chances are you’ve already started doing your homework online.Today, homeowners have a new
Northern Virginia Market Update
Dated: June 27 2022
Views: 10
Yes, the market has slowed down. The number of days on market are now at an average of 19 and 2 in 5 home sellers have lowered their asking price in the past 30 days, (Bright MLS data). This is the highest number of home prices lowered since Q4 of 2019. The days of 10+ offers on a home have passed. Many home buyers have taken a step back due to the raising interest rates. Buying a home today is 50% more expensive than a year ago. The Fed is on a path to continue raising rates in 2022 and into 2023. Today’s rate of 5.85% is still historically low and it is still a good time to buy. Why wait and pay more to borrow less? And an added plus, is less competition against others offering much more and waiving contingencies. It is always better to buy than rent. Don’t pay your landlords mortgage, so they may build wealth-build your own wealth! If you are thinking of buying, now is a good time. It would be my pleasure to discuss more with you today! All the best to you, Lisa Joy #LisaJoyRealtor #homebuyers #interestrates
Lisa Joy
Highly Recommended Realtor in Woodbridge, VA – Lisa JoyWhen it comes to buying or selling a home in Woodbridge, VA, experience and trust matter most. That’s why so many clients say Lisa Jo....
Latest Blog Posts
The Housing Market Is Stronger Than You ThinkYou've probably heard plenty of doom and gloom about the housing market lately. High rates. Stretched budgets. Headlines that make buying or selling
The Mid-Year Housing Market Update: Why Forecasts Changed in 2026If the housing market feels confusing right now, you’re not alone.Mortgage rates have risen. Home sales haven't picked up like
More Options Are Popping Up This SpringDid you try to buy a home last year, but you ended up pressing pause?Maybe you couldn’t find a home that really fit your needs. Or maybe the ones you
© BRIGHT, All Rights Reserved
