Leylan Savasman Real Estate Investment Long & Foster Company

Northern Virginia recent numbers

Happy 4th of July!

Stay in the know! Today’s article on commercial real estate and results affecting and how is becoming the ultimate investment state! Well done ! #

Stayed tuned ….Statistics predict increase in sales, inventory and home prices

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In Memoriam

Why now is a good time to sell your home…

Here we go! Well done to our team Ev A Team at

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Happy Martin Luther King Day ffom Long& Foster Company

Stay in the know! Prices continue to rise in the Mid-Atlantic
While inventory has expanded, it’s still a seller’s market.

Coming soon! We are ready to meet all your housing needs this fall!

What cooling markets mean for homeowners
If you recently purchased a home, you may have concerns about the home's future value, especially in a cooling market. 
"The good news is that these buyers most likely got locked into a lower interest rate, so the payments should be more manageable than someone buying now," said Matthew Chancey, a certified financial planner with CoastalOne in Tampa, Florida.
If you overbid on the property, you may be "underwater" in the short term, meaning you owe more on the mortgage than the home is worth, he said. Cooling' doesn't mean buyers will see price drops
While growth may be slowing in some markets, experts still aren't expecting significant price drops in most markets.
"One of the reasons why we've had this frothy, overheated market is just lack of inventory," Cohn said.
To that point, in Redfin's analysis, some of the faster-cooling markets have seen more inventory come on the market. In Seattle, for example, inventory is up 40.9% from the prior year.
Home prices are still rising, albeit more slowly. The expectations for one-year median home price growth dropped to 4.4% from 5.8% in June, according to the Federal Reserve Bank of New York's Survey of Consumer Expectations. 
"The velocity of price increases will certainly diminish significantly," Cohn said, predicting a "healthy normalization" of the real estate market.
With many buyers paying cash over the past couple of years, some purchasers have waived appraisals, inspections or even seeing the home in person.
However, the market shift may offer buyers more time to see properties, make an offer and purchase the right home, Cohn said.

Happy 4th from us to alm our clients !

from

Stay in the know: The Fed­eral Re­serve ap­proved the largest in­ter­est rate in­crease since 1994 and sig­naled it would con­tinue lift­ing rates this year at the most rapid pace in decades as it races to slow the econ­omy and com­bat in­fla­tion that is run­ning at a 40-year high.

Happy everyone!

Leylan Savasman Real Estate Investment Long & Foster Company updated their phone number.

Very much how it’s going to be for 2022 and most of 2023 till interest rates reach 7.5% +++
Prices are going to continue to go up!!
No bubble, just inventory shortage and higher demande.
Lock in your new home now before it’s too late.

Rents continue to rise at the fastest pace in decades, making housing costlier than ever for many Americans.
Nationally, rents rose a record 11.3 percent last year, according to real estate research firm CoStar Group. That fast pace of growth remained elevated in the first months of 2022, as many parts of the country continued to notch double-digit jumps in rent prices. https://www.washingtonpost.com/business/interactive/2022/rising-rent-prices/?itid=hp-top-table-main

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Off to Vegas Made it to Las Vegas for the LeadingRE 2022 Luxury Summit!

Looking forward to a great conference hosted by Luxury Portfolio International and Leading Real Estate Companies of the World

WSJ article: The hot U.S. hous­ing mar­ket ex­tended into the new year as buy­ers rushed to pur­chase homes in the face of record-low in­ven­tory and climb­ing mort­gage rates. The hot U.S. hous­ing mar­ket ex­tended into the new year as buy­ers rushed to pur­chase homes in the face of record-low in­ven­tory and climb­ing mort­gage rates.

Investment in the US is not only profitable but also secure…an example for our Turkish investors is the old Gucci building. The investment in Manhattan belongs to Serdar Bilgili, the Chairman of Bilgili Group. In 2018, he bought the old Gucci building in Manhattan, located on 685 5th Avenue-54th Street, for 135 million dollars. On three floors of this 20-story building, Coach store still operates. Under the project which will cost 360 million dollars, 10 more stories will be added and the building will be turned into Mandarin Oriental Residences.

In September of 2019, Bilgili also paid 955 million dollars, in partnership with SHVO Group, to the historic Coca Cola building on 5th Avenue-55th Street. The Turkish businessman Bilgili, American realtor Michael Shvo and German finance sector giant Deutsche Finance made an investment together in Florida, California and New York states of USA, in the amount of 3 billion dollars.

Happy weekend and stay in the know! Let’s help you to buy, sell or invest! Today’s news at Bloomberg: The median selling price for a home in November, $416,900, was nearly 25% more than it was in February 2020.