January 2016

Found 1 blog entry for January 2016.

The Northern Virginia Real Estate market continues to be very active.  While numbers are still processing and posting, we have seen slow growth year over year through November.  The Northern Virginia average sales prices are up 1.28% year over year.  Most of the yearly gain was achieved during the first quarter of 2015.  While the remaining quarters gave up earlier market gains.  This was a huge opportunity for buyers looking to capitalize on historically low interest rates and motivated sellers willing to negotiate price and/or concessions to buyers. 

Interest rates are on the rise.  I anticipate that this slow increase may continue throughout 2016.  Rates are up about .25% since the beginning of December when the Fed announced to raise the Federal

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