Why Northern VA Home Prices are Still Increasing

Northern Va home prices continue to increase on average at a steady pace.  This has continued since 2009 leaving many homebuyers to ask the question, Why Northern VA Home Prices are Still Increasing?  As my standard disclaimer, real estate is local and can be different even from neighborhood to neighborhood and price range as I […]

Home Mortgage Qualification Getting too Easy?

I received an email today from a mortgage lender offering a mortgage loan qualification requiring only a bank statement as documentation.  My first thought was, “oh shit, here we go again”, and a big remaining question, is home mortgage qualification getting too easy? There is little doubt that it is easier to get a home […]

New Home Construction is Future Inventory Competition

Increasing building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. The latest U.S. Department of Housing & Urban Development Residential Sales Report  acknowledges that the number of these permits were up 7.7% over last year. New home construction is future inventory competition and […]

58% of Homeowners See a Drop in Home Values Coming

According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the concern. However, this market has very little in common with what happened last decade. The […]