Showing posts with label Real Estate Market Update. Show all posts
Showing posts with label Real Estate Market Update. Show all posts

Take Advantage of the Market with my Northern Virginia Real Estate Update


There are many great Northern Virginia area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (703) 831-4131 for a FREE home buying or selling consultation to answer any of your real estate questions.

Thanks again for tuning in to my blog. Today I am going to be discussing what is happening with the 2014 real estate market here in northern Virginia.

  • For January of this year, home values went up by 3.5%
  • However, the statistic that really captured my attention was that new homes under contract were up by 7%
  • Through my communications with settlement companies, I've learned that they've noticed a high number of transactions opening in January that are closing in February and March. This is a good sign for the year to come.
  • I've also spoken with lenders, and they have noticed a significant increase in the amount of buyers submitting applications for new loans. Obviously these are buyers preparing themselves for a spring market, which is good news just on account of the sheer number of them preparing for real estate transactions.
Overall, I believe we are prepping for a great year here in the northern Virginia area. If you need any assistance finding a home or selling one, please be sure to contact me by calling (703) 915-1377 or email me at herrickteam@gmail.com