Real Estate Blog

'HQ2 High,' Short-Term Uncertainty Reflected in Northern Virginia Association of Realtors® December Housing Market; New 'Under Contracts' Up 74 Percent Year-end Numbers Mirror Historic Highs of 2017; Government Shutdown Impact to be Determined    Fairfax - "Contracts in the pipeline and home sales are up in our NVAR footprint despite stock market swings and a continuing federal government shutdown," said Northern Virginia Association of Realtors® CEO Ryan Conrad. "Even with these factors, our housing market is holding steady. We know that people want to live in Northern Virginia. 
  "In 2018, Realtors® in Northern Virginia conducted transactions at a pace almost identical to 2017, which was the highest since
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May the good times and treasures of the present become the golden memories of tomorrow for you and your loved ones. May the Christmas season fill your home with joy, your heart with love and your life with laughter. Wishing you a very Merry Christmas and a happy new year 2019

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'Principle of Anticipation' kicks in for October's Buyers, Sellers in Northern Virginia: New Listings, New Contracts Rise 7 Percent; Active Listings, All Pendings Dip 7 Percent, Reports the Northern Virginia Association of Realtors®
Fairfax - While being selected as an HQ2 site by Amazon, one of the world's biggest companies, is cause for celebration among politicians and business leaders, Northern Virginia residents and prospective homebuyers have valid concerns about how such an announcement will affect housing affordability. Last month, the October housing market in Alexandria, Arlington, Fairfax, Clifton and Falls Church combined recorded a 4 percent dip in total sales compared to sold homes one year ago,
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Thanksgiving Day is a national holiday in the United States, and Thanksgiving 2018 occurs on Thursday, November 22. In 1621, the Plymouth colonists and Wampanoag Indians shared an autumn harvest feast that is acknowledged today as one of the first Thanksgiving celebrations in the colonies. For more than two centuries, days of thanksgiving were celebrated by individual colonies and states. It wasn't until 1863, in the midst of the Civil War, that President Abraham Lincoln proclaimed a national Thanksgiving Day to be held each November.
The single biggest issue on most home sellers' minds is how to achieve the highest sale
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A total of 535 homes were sold in September 2018, a decrease of 14.5 percent compared to September 2017 closed sales. The number of new pending decreased as well by 15.9 percent also year-over-year, from 719 pending to 605.  New listings saw a small increase of 1.1 percent year-over-year, from 843 new listings to 852. There were more active listings available this year with 1,531 active listings in September 2018, compared to 1,458 in 2017. The median sold price of homes continued to strengthen in September, increasing 9.1 percent to $359,900 as compared to last year ($330,000).
The single biggest issue on most home
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September Home Sales Dip Compared to Last Year; Average, Median Prices Tick Upwards; Home Sellers Still 'In Driver's Seat,'
Reports the Northern Virginia Association of Realtors®    Fairfax - In spite of a productive local economy, a Federal Reserve edging up interest rates, and inflation making the news, some home buyers may be sidelined by the mortgage application process and lean inventory, reports the Northern Virginia Association of Realtors®.   "Although Northern Virginia sellers remain in the driver's seat, our September data regarding rising home values is a positive indicator to those wondering about market headwinds," said 2018 NVAR Chairman of the Board Lorraine Arora. She pointed out that the
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August Home Sales: 1 Percent Rise; Active Listings & Pendings Dip, First-Time Homebuyers Start Their Equity Clocks Ticking While Interest Rates Remain Good
With many August home sales data points tracking horizontally or up, leaders at the Northern Virginia Association of Realtors® conclude that the anticipated expected tax deductions have not adversely affected Northern Virginia home sales.   "For the short term, the limits to the state and local tax deductions (SALT) appear to be only a slight headwind to buyer confidence in our region," said 2018 NVAR Chairman Lorraine Arora. 

"We are showing slight increases in our average sold and median sold prices for August along with homes that are on the market
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