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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
Ready to start the conversation about moving to Northern VA? Click the link below to schedule your private Zoom video call to learn more about Northern Virginia calendly.com/your-favorite-realtor_zoomcall/30min
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.