Northern Virginia's Luxury Market Shines Bright!
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Found 177 entries published by Abuzar Waleed.
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Housing markets run on confidence: confidence that a monthly payment will stay manageable and confidence that income will grow into it over time.
When that confidence weakens, buyers hesitate and sellers feel it quickly.
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In a survey that asked non-homeowners if they believe owning property is financially affordable now or will be in the future, the nation's younger generations are growing more optimistic.
Gen Z Americans drummed up the most optimism, going from 33% in 2025 to 42% in 2026. Millennials also are more hopeful; their numbers went from 42% to 54% on the optimism scale.
But Gen X and baby boomer buyers have a darker outlook. Their optimism slipped — from 33% to 31% for Gen X and from 16% to 15% for baby boomers.
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Although existing-home sales disappointed in June, prices continued their rise. Owners have netted more than $140,000 in appreciation on average in the last five years alone. Read more from NAR’s latest housing report. For homeowners, the news is good: Even as the market stays cool, prices continue heating up, leading to solid gains in appreciation on average in the last five years alone. Read more from NAR’s latest housing report.
For homeowners, the news is good: Even as the market stays cool, prices continue heating up, leading to solid gains in appreciation.
But buyers are trekking cautiously: Existing home sales—completed transactions for single-family homes, townhomes,…
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Should You Sell Your Home Now or Wait Until 2026?
The real estate market is always evolving, and deciding when to sell your home can be a major financial decision. As we move through 2025, homeowners are wondering whether now is the right time to list their property or if waiting until 2026 would be more beneficial.
While the national market is transitioning toward a more balanced state, many sellers still hold an advantage in key locations. So, should you sell now or wait? Here’s what you need to know to make an informed decision.
Home values have increased in 41 of the 50 largest U.S. metro areas, though the rate of appreciation is slowing. Nationally, prices are…
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With 2024 fast receding in the rear view, it’s time to look ahead to see what buyers, sellers and renters can expect over the next year.
2025 should prove to be another breather year for prospective buyers with slower home value growth and mortgage rates that stay below some of the peaks we saw in 2024.
“Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became,’’ says Zillow® Chief Economist Skylar Olsen. “More inventory should shake loose in 2025, giving buyers a bit more room to breathe.”
Abuzar Waleed
RE/MAX Galaxy & The Team USA
888-884-3396 | 703-622-3213
abuzarwaleed@remaxgalaxyrealty.com
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2023 Northern Virginia Home Sales Down Overall from Previous Year but Lowering Rates Point to a Better 2024, Reports NVAR
December Continued Trends—Sales and Inventory Low
FAIRFAX, Va. (January 12, 2024) – Like December, 2023 Northern Virginia home sales overall declined from 2022, driven by high mortgage rates and scarce inventory, while prices continued to climb. The forecast for 2024 is looking up as declining mortgage rates are expected to bring some relief
“December home sales data reflects much of the whole year as real estate continues to seek a new normal following the pandemic,” explained NVAR Board President Thai-Hung Nguyen
Better Homes & Gardens Real Estate Premier. “We anticipate that 2024 will bring more choices as lower…
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FAIRFAX, Va. (November 14, 2023) – Northern Virginia home sales declined only 5.6% while prices rose 3.1% from the previous October, showing more moderation than recent months, reported the Northern Virginia Association of Realtors® (NVAR)
“We saw a few promising signs in October. Declines in home sales were less dramatic this past month while supply grew, inching closer to the five-year average. This means that homebuyers had more choices than a year ago. If mortgage rates dip, we will likely see more activity since buyers and sellers have both been waiting for better rates,” explained NVAR Board Member Arshia Kia with KW Metro…
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