Northern Virginia Real Estate Trends To Expect in 2015

 

j0305897There is much to look forward to where the real estate market in Northern Virginia is concerned – but it’s difficult to do so without reservation.  After surviving the Great Recession of 2008, we are left a bit hesitant to jump into any decision to purchase or sell real estate without some degree of trepidation.

Here are some of the primary reasons we should see growth and increased sales for 2015.

For Sale Signs

More Inventory – Inventory has increased quite dramatically in most markets in the DC Metro area from December 2013 to December 2014 (see active listings in the drop down menu).  Sellers are now able to see the light at the end of the “underwater” tunnel and can now afford to sell.Dollar sign
Steadily Rising Home Prices – The gas prices are at lows not seen since the first quarter of 2009.  This should help consumers realize more disposable income.  This, along with a steady employment rate, should help move inventory along swiftly.  However, increased inventory will likely keep prices competitive and attainable for buyers.Percent sign in magnifying glass
Interest Rates Remain LowThe Fed is not likely to increase rates until June 2015.  This gives buyers a bit of breathing room to know they can search throughout the 1st and 2nd quarters of 2015 with some degree of peace of mind that the rate will remain relatively low.First Timers
First Time Homebuyers – Fannie/Freddie  has changed their down payment requirements from 3.5% to 3% . This along with decreased costs for mortgage insurance (Mortgage Insurance Premiums and Monthly Mortgage Premiums)  is making it much more affordable for first time homebuyers reluctant to enter the housing market.

Read more here!

Because Choosing the Right Realtor DOES Matter!

Because Choosing the Right Realtor DOES Matter!

www.IreneMoralesWard.com

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About Quantico Homes

Working primarily as a referral agent, my main motivation is to be able to provide you the highest possible level of service as you look to buy or sell your home in the Northern Virginia Real Estate market. You should be so impressed with your service that you will feel compelled to refer me to your family, friends and colleagues. Our time together is always well spent meeting your specific needs because my time and effort is not spent looking endlessly to generate more business. As a Buyer's Agent, the buyer's criteria becomes paramount during the home buying process. Your needs will never be compromised because Dual Agency is not something I participate in. This is a distinguishing characteristic from many in the industry and I stand firm in the belief that no client in a transaction (whether a buyer or a seller) should be without 100% representation. You deserve all the loyalty and attention from an agent who will always have only your best interests in mind. Keeping in mind that Northern Virginia is a highly transient area, I am always privvy to sales reports and market analysis of all the surrounding counties from Alexandria/Arlington to as far south as Richmond County and from east on the Potomac and Rappahannock Rivers to the Shenandoah (and all points in between!). Between the military, corporate, and government relocations, having an agent working to provide you with the latest statistical information and market trends is imperative to a successful sale or purchase. Also, as an e-Pro, finding you homes and communicating that to you becomes increasingly efficient, as does marketing properties for sale. Using exceptional photography for virtual tours, staging all listings, and incorporating "out of the box" methods to generate the largest number of buyer leads while Marketing Your Property For Sale, I can save you time, money and frustration. Start your search for homes at http://www.IreneMoralesWard.com!
This entry was posted in DC real estate, Fannie Mae, First Time Home Buyers, Freddie Mac, Home Buyers, Home Sellers, Lending Institutions, market trends, Military Buyers, Mortgage Lending, Mortgages, Uncategorized and tagged , , , , , , , , , , . Bookmark the permalink.

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