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I certainly hope you're right on on housing price increase in VA. Bought a townhouse in Springfield for $415 in November and should have 12-14 years ownership of it. As for mortgage rates tho, I'm not so sure about going under 6. Fed backing off rate cuts more and more. I just wanna get already a 5% VA loan refinance by 2026 ideally.
Great analysis! I love how you don’t just blindly agree with Redfin’s article like many other realtor TH-camrs, and you share the unique local market conditions of NoVa that Redfin won’t be able to provide.
I won't feel comfortable finding a house here till a 2 bed 2 car garage cost 400k or less ..... hell 300k or less costs are just too high for what you get I could get land and build a house or barndo for less but I can't find land for sell at a decent price either lol
Since I've bought a home in Springfield va November 2023 I've seen similar homes near me keep going up in price. Back in my hometown of KY tho they've went down a fair amount. A friend of mine home searching in KY has noticed anywhere from 15k-40k decreases. Been complete opposite here in northern VA. Occasionally I see a place go for more reasonable prices, but certainly no decrease thus far
![True Cost of Living in Northern Virginia [MY PERSONAL COST OF LIVING EXPENSES UPDATED FOR 2024]](http://i.ytimg.com/vi/YNBORSXxexk/mqdefault.jpg)
![The Future of the Northern Virginia Housing Market [2024]](http://i.ytimg.com/vi/lgThxEYJocs/mqdefault.jpg)
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Happy new year David!
Happy new year Jim!!!
Here's to lower interest rates in 2024! I'd love to refinance down from 7% to 5.5ish% if given the opportunity.
That is definitely on the table. Thanks for watching
Great video
Glad you enjoyed it
I certainly hope you're right on on housing price increase in VA. Bought a townhouse in Springfield for $415 in November and should have 12-14 years ownership of it.
As for mortgage rates tho, I'm not so sure about going under 6. Fed backing off rate cuts more and more. I just wanna get already a 5% VA loan refinance by 2026 ideally.
Great analysis! I love how you don’t just blindly agree with Redfin’s article like many other realtor TH-camrs, and you share the unique local market conditions of NoVa that Redfin won’t be able to provide.
I appreciate that! Thanks for watching
I won't feel comfortable finding a house here till a 2 bed 2 car garage cost 400k or less ..... hell 300k or less costs are just too high for what you get I could get land and build a house or barndo for less but I can't find land for sell at a decent price either lol
This is almost a worthless video, Northern Virginia is not special or insulated from pricing falls
Since I've bought a home in Springfield va November 2023 I've seen similar homes near me keep going up in price. Back in my hometown of KY tho they've went down a fair amount. A friend of mine home searching in KY has noticed anywhere from 15k-40k decreases. Been complete opposite here in northern VA. Occasionally I see a place go for more reasonable prices, but certainly no decrease thus far
Let’s see what the 2024 Housing market has in store for us.