Local market insight since 2007
As noted yesterday... August 2023 & 2024 = higher mortgage interest rates, fewer contracts signed August 2022 = lower mortgage interest rates, higher contracts signed…
August 2024 was another busy month of buyers and sellers signing contracts to buy and sell homes. While 109 buyers and sellers signed contracts last August (2023) we saw…
Some current or near future home buyers may be amidst conversations with their agent... learning that they need to sign a buyer brokerage agreement... that outlines that…
If I Am Selling My House Do I Have To Pay A Commission For The Buyer Agent? Short answer - no. Longer answer - keep reading. For most of the transactions I have been…
So you're buying a home, and you have a real estate agent representing you in that purchase? Excellent. Some of the roles that agent will likely fulfill include…
It is a fair question... if you're just getting started on searching for a house, do you really have to sign a long term agreement with an agent when you might not have…
Backing up a bit... In Virginia, written buyer brokerage agreements have been required for over 12 years... since July 2012. That is to say that... if an agent is…
A common line of thinking among home sellers can be... I know that the last three buyers in my neighborhood paid $X for their homes... but those homes didn't have ___…
Many houses are still selling (going under contract) very quickly, sometimes with multiple offers. Some houses are not. Frequent feedback on houses that do not quickly go…
Housing inventory levels are low... just about any way you slice or dice the data. That doesn't mean there aren't any houses listed for sale. There are quite a few houses…
The average (30 year fixed) mortgage interest rate peaked at 7.8% last October. Now, the average rate is right around 6.5%. But... take that with a grain of salt... or…
Fair warning... most home buyers aren't able to actually figure this out until they have seen a house they want to buy. These days particularly (with fewer homes coming…
A free, local read in your inbox each weekday.
