It's been about 3 months since new rules were established nationally for all real estate agents and transactions. One of the objectives was to ensure that all home sellers knew that they were not obligated to pay a buyer agent's compensation and that buyers were responsible to ensure their real estate agents received compensation. In this video, we share some statistics released by RISMedia that show that real estate compensations may be going down. Here's our take on this.

Depending on who is doing the valuation and for what purpose determines whether you need an assessment, appraisal, and market analysis. We want our clients to be the "most informed and empowered" to success in real estate.

The 2024 Presidential Elections are just days away. As the excitement gets ramped up, we've been getting questions from our real estate clients. They want to know how these coming days/weeks will affect their plans to sell or buy a home. In this video, we share our views.

Homeownership helps individuals build wealth, health, and prosperity.

There are so many factors that go into making the housing market for Northern Virginia. While the area is insulated by a strong job market, good infrastructure and medicinal and education services, there are also other factors at play. The fall season and upcoming presidential elections also play a role. Here is the Northern Virginia Market Update for October 2024.

When exploring opportunities in real estate, it’s essential to approach the home-buying process with careful planning and clarity. It may be you are a first-time buyer, or you’re looking to upgrade, or you are an investor. Regardless, understanding how much home you can afford, identifying your specific needs, and being open to various locations are key steps in making a smart decision. With the right financial planning and a clear vision of your priorities, you can take advantage of the wide range of real estate opportunities. By staying informed and flexible, you can find the perfect home that fits both your budget and lifestyle. Here is how to find your opportunities in real estate in Northern Virginia.

The Federal Reserve decided to lower the federal funds rate by 0.5%. How will the rate cut affect housing in our areas? We wanted to know what changes we are already seeing after one week and what we might expect in the coming months. This includes mortgage interest rates, inventory, and number of buyers looking to buy homes.

MARKET UPDATE | SEPTEMBER 2024 | NORTHERN VIRGINIA

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The current real estate market in Northern Virginia is exciting. Mortgage rates are coming down. Today, the Federal Reserve announced they will lower the federal funds rate by half a percent. This will allow rates to go even lower than today's rate of 5.7%. This is great news for anyone thinking of buying a home or refinancing their mortgage.

The Federal Reserve based the decision on the fact that levels of inflation are continuing to go down. The consumer price index (cost of goods and services) is now down to 2.5%, which is so close to the goal of 2%.

Additionally, the latest real estate market data for September 2024, shows that home prices remain stable while it's taking longer for homes to go under contract. Here is the Market Update for September 2024.

Related blog: https://homeestaterealty.com/northern-virginia-market-update-for-september-2024/

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