What’s the saying? A bird in the hand is worth two in the bush? Let’s talk about the reality of the Northern Virginia market right now. The inventory of available homes has continued to drop and is at the lowest point of the year.
Right now we know what the interest rates are for a home loan.
The average sales price is up across most Northern Virginia counties. Predictions by Case Shiller, CoreLogic and others are that prices will continue to move in a positive direction.
Rents continue to rise in Northern Virginia. Last year the average rent in the area rose almost 7%. Your landlord is laughing all the way to the bank.
And finally when you own a home it’s yours. No one can decide to sell it out from under you, convert it to condos or tell you your dog is to big.
Homeownership isn’t for everyone as we figured out after the bust of the market a few years ago. If it’s a direction you are ready to go give me a call to discuss the options available for you. Get a step up on the spring rush and lock in a new home during the winter.