The 0.25% increase has left many wondering what changes they can expect to the mortgage interest rate market in the near term.
The Washington, D.C. Metro Area housing market continued to see increases in closed and pending sales in October, with pending contracts at the best levels in a decade. Median sales prices were comparable to both last year and last month [but showed a decline in the year over 5 year average]. Inventories continue to grow,... Continue Reading →
For Loans Originated on or after August 1st, 2015, lenders must provide the borrower with the newly adopted Loan Estimate within three business days of taking application, and the Closing Disclosure three business days prior to settlement. While this may appear to be a small change to the settlement procedure, it brings with it some potentially deal... Continue Reading →
We hope you will find the following snapshot of April’s inventory statistics for the various regions and property types/values in our local Real Estate market informative. This snapshot features new data points that we introduced last month. They show the trend of changes across several categories from 30 days prior. This can be a good... Continue Reading →
We hope you will find the following snapshot of March’s inventory statistics for the various regions and property types in our local Real Estate market informative. This snapshot features a new data point, showing the trend of changes across several categories from 30 days prior. This can be a good way to lend some perspective... Continue Reading →
Residents of Fairfax County felt the impact of the, now common place, one-two punch of increased assessments accompanying a hike in rates. The property assessments go up and instead of dropping the rate to maintain a static revenue stream, they raise the rate too. In the last several weeks people have been getting their assessments in... Continue Reading →
The characteristics that define a good Return on Investment (ROI) for your home meet these four criteria; Low-Maintenance, Good (not necessarily the highest) Quality, Energy-Efficient, and Relatively low cost. The top ROI projects in order, one being the best, are as follows: 1. Replacing Your Front Door 2. New Siding 3. Minor Kitchen Remodel 4.... Continue Reading →