First looking at the country as a whole, mortgage interest rates are up since the beginning of the year. This is due in large part to the Federal Reserve’s interest rate hikes. There is no
LOUDOUN COUNTY REAL ESTATE MARKET NOVEMBER 2022
Dated: November 23 2022
Views: 12
First looking at the country as a whole, mortgage interest rates are up since the beginning of the year. This is due in large part to the Federal Reserve’s interest rate hikes. There is no denying that this has slowed the housing market. Some people have been priced out of the market and there are fewer buyers looking for a home. Also, homes are staying on the market longer even though there is still a lack of inventory.
But it is still a good time to buy.
1) There are fewer people competing for a home
2) Historically mortgage interest rates are not all that high
3) There are more options available for buyers such as buydowns
4) Especially, if you are renting you can start building equity in a home now and refinance when rates decrease.
5) Because of the extraordinary low inventory, most experts agree, home prices (in Loudoun County in particular) will continue to rise so why wait for prices to increase
Timothy Shamble
Retired Federal Government Employee with 28 years of service with the Office of Cuba Broadcasting and the Voice of America. I was born and raised in Western Pennsylvania, so I still root for the Pitts....
Latest Blog Posts
Stephen Soriano with Your recipe for a successful restaurant & retail F&B location. | Food & Beverage focused since '83 How many of us have been to a business and heard the "
TODAYS FOOD & BEVERAGE MINUTE SUBJECT-- Co Branding Co Branding, or better known as brand partnership, is a marketing and operations strategy utilizing multiple BRANDS
The numbers for September are out (October report) and like the rest of the country the big news is that mortgage interest rates are up significantly. That is pricing out potential buyers on the
© BRIGHT, All Rights Reserved
