Gayathri Gunupati

Northern Virginia biggest increase in year to year home sales in April 2024 since 2021 ...

Northern Virginia home sales shoot up 13.5% in April, biggest increase since 2021 Home sales in Northern Virginia rose 13.5% in April 2024, the biggest increase since at least November 2021, according to the monthly report from the Northern Virginia Association of Realtors. The report contains data on average sales price, new listings and more.

Chamath says fed is under pressure to decrease interest rates, heres why ....

Billionaire Chamath Palihapitiya Says Fed Under Pressure To Aggressively Cut Interest Rates – Here’s Why - The Daily Hodl Billionaire venture capitalist Chamath Palihapitiya says economic conditions will force Fed Chair Jerome Powell to cut rates more than once.

NOVA real estate market is a $39 billion dollar industry supporting 187000 jobs!

This $39 billion industry is Northern Virginia’s silent economic driver - WTOP News One of Northern Virginia’s largest economic drivers is often overlooked: the residential real estate market.

Northern Virginia home prices rise

Median home price in Northern Virginia rises to $650,000 - WTOP News The median price of a home that sold in Northern Virginia in January was $650,000, according to the Northern Virginia Association of Realtors.

Slight uptick in Virginia home seller activity

Va. Realtors seeing modest uptick in home-seller activity More property owners expected to get into the market by spring

For Sale - 3185 Colchester Brook Ln, Fairfax, VA 22031. Experience ultimate enjoyment and relaxation in this exquisite, light-filled contemporary open concept townhouse. The main level boasts gleaming hardwood flooring, complementing the lovely kitchen featuring granite counters and newer cabinets. Step onto the balcony from the living room and immerse yourself in the serene view of the surrounding woods.

The upper level showcases brand new LVT flooring throughout. The master bedroom on this level has been tastefully renovated, complete with its own balcony overlooking the tranquil woods.

The lower level offers a cozy retreat with a bar counter and a fireplace, ideal for entertaining guests or unwinding after a long day. A full bath adds convenience, and the relaxing patio, enclosed by a charming fence, provides a private oasis backing to parkland.

Perfectly located just minutes away from I-495/I-66 and the Vienna Metro, this property is situated within the highly regarded Woodson High School pyramid. Don't miss the chance to make this enchanting townhouse your dream home!

What to expect in 2023 Northern Virginia Market ...

What to Expect From Northern Virginia's Housing Market in 2023 Two Northern Virginia real estate agents share their predictions on the 2023 housing market and what buyers and sellers can expect.

Buyers are still facing competition inspite of higher interest rates and less aggressive pricing.

‘Expect to move quickly’ if buying a home in the DC area this spring If you’re thinking about buying or selling a house, now is a good time to consider several factors as we enter into the height of the spring market.

Sales down in all NOVA counties compared to last year

Across region, home sales are down, down, down, down ... and down At least there is consistency: Of the 41 localities across the mid-Atlantic region with January-to-July home sales of more than 1,000 properties, every single one posted a year-over-year decline in

What does 1 million dollars get you in NOVA region versus the rest of the country?

Data confirms: $1 million ain't what it used to be in housing market What will a million smackeroos buy someone in the local region’s real-estate market? A home slightly smaller than comparable for million-dollar properties nationally.

Lowest level of Mortgage demand in 22 years amid rising interest rates....

Mortgage demand falls to the lowest level in 22 years amid rising rates, slowing home sales Applications for a mortgage to purchase a home fell 7% for the week and were 21% lower than the same week one year ago.

Landmark Mall Demolished to pave way for a modern hospital...

VIDEO: Wrecking ball comes for old Landmark Mall The big red button was ceremonial, so when Alexandria, Virginia, Mayor Justin Wilson pressed it the first time after a five-second countdown and nothing happened, everyone was able to laugh.

Fed raises rates by 0.5% , the largets move since 2000 . Stock Markets slide...

Fed raises interest rates by 0.50%, largest move since 2000 The Federal Reserve raised interest rates by half a percentage point, as the central bank's firefight with high inflation continues.

Housing experts predict that housing will remain hot for the next five years -- forbes

Will The Housing Market Crash? Experts Give 5-Year Predictions. This story is part of a series that asks housing experts to give their forecast for the next five years, how investors are impacting the market, and what state or federal intervention, if any, is needed. The housing market appears to be operating without brakes as home prices continue to climb–th

Virginia rent increases sharply as prices continue to rise....

Virginia renters face sharp increases in monthly rent as prices rise across the U.S. In a recent study, Relator.com says the average price surged nearly 20% the past year.

40% decrease in mortgage demand

Surging interest rates push mortgage demand down more than 40% from a year ago Fast-rising mortgage rates are cutting demand for home loans drastically.

By 2045, according to this insidenova article, demographers say there will be ..
27% increase in Employment in Fairfax & Arlington
23% in Alexandria
37% in Loudon County
56% in Prince William County

Demographers expect 'manageable' Northern Virginia job, population growth Northern Virginia localities should expect moderate levels of jobs growth in the coming two decades, with the metropolitan area as a whole adding perhaps 880,000 new ones by 2045.

Along with interest rates, home prices are still rising. Inspite of the rise in interest rates, inspite of interest rates being at its highest since 2018, from a historical perspective these interest rates are still historically low.

Can Home Prices and Interest Rates Soar at the Same Time? Rising mortgage rates are supposed to cool house prices. But this time could be different.

Fed Chairman wants to increase interest rates quickly due to inflation and strong job market

Fed Chairman Powell: We need to raise interest rates quickly The Federal Reserve needs to move quickly to raise interest rates and normalize its monetary policy, according to Fed Chairman Jerome Powell.

US home sales fall from 1 month ago. Tightened inventory. Higher mortgage rates cut into affordability

U.S. home sales tumble; higher prices, mortgage rates eroding affordability U.S. home sales fell by the most in a year in February as a perennial shortage of houses and double-digit price growth continued to squeeze first-time buyers out of the market.

United States Tennis Association (USTA) plans to build a 36 court campus . The project is estimated to cost $42 million dollars and is expected to be completed in 2025 .

U.S. Tennis announces plans for 36-court campus in Loudoun County The U.S. Tennis Association Mid-Atlantic Section on Thursday announced plans for a 36-court tennis campus in Loudoun County, replacing a similar facility that had been planned for Prince William County.

Some of the priciest and cheapest homes in fairfax county, call me if you have an interest....

The priciest, and cheapest, homes for sale in Fairfax County Northern Virginia's real estate market includes a wide variety of options. Some homebuyers are seeking condos with easy commutes, while others want rural farms with trees for miles. Some are

Will rising mortgage rates cool the housing market ? ...

Will rising mortgage rates help cool the housing market? While higher interest rates will likely reduce buyer demand, the major factor in slowing home price growth is increased inventory.

Fannie Mae Home Price Prediction for 2022 and 2023

What home prices will look like in 2023, according to Fannie Mae Fannie Mae says home prices will climb 11.2% this year, followed by a more modest 4.2% jump in 2023.

Sharp increase in inflation after consumer prices rise

https://www.marketwatch.com/story/coming-up-consumer-price-index-11644498273

U.S. inflation rate climbs to 7.5% after another sharp increase in consumer prices The rate of U.S. inflation climbed again in January to 7.5% and stayed at a 40-year high, suggesting upward pressure on consumer prices is unlikely to relent...

Gayathri Gunupati is now on WhatsApp.

Mortgage Rates Plunge to 3.75% as home prices continue to rise...

Today's 30-year mortgage rates plunge to 3.750% | March 7, 2022 Check out the mortgage rates for March 7, 2022, which are down from last Friday.

Amazon provides 51 Million dollars for affordable housing in Alexandria

Amazon Provides $51M for Virginia Affordable Housing Project Amazon provided $51.4 million to Alexandria Housing Development Corp. for the acquisition of the affordable 198-unit Park Vue of Alexandria.

Interest rates are headed higher , ispite of uncertainity say Powell....

Powell Says Rates Are Headed Higher, Even as Ukraine Poses Uncertainty Jerome Powell, the Federal Reserve chair, said he would support a quarter-point increase at the March meeting.

As spring inventory comes around, market remains a sellers market....

Spring Curb Appeal Could Expand NoVA's Inventory Of Homes For Sale Homeowners who are thinking of selling should consider listing their house now to take advantage of the low inventory in Northern Virginia.