real estate taxes: What to Expect in 2018 in NoVA Real Estate
- 01/12/18 09:35 AM
2017 is now in the books, and it definitely took us for a wild ride! With low interest rates and strong economic indicators, home-seekers were out in force. Many areas of Northern Virginia continued to experience strong sellers’ markets, with many sellers enjoying competing offers. While the entire US experienced healthy average growth in sales year-over-year from 2016, NoVA home prices were up over 7% in November 2017, according to the Northern Virginia Association of Realtors (NVAR). Total sales were up 5%, despite an 11% decrease in listings. Fewer listings and increasing demand was a recipe for rising prices.
Image credit: NVAR
What does … (0 comments)
real estate taxes: How will tax changes affect NoVA Homeowners?
- 12/26/17 06:36 PM
The House and Senate recently voted to pass the most sweeping tax legislation in decades. President Trump signed it into law just prior to the holiday weekend, with the changes taking effect in time for most HR and Payroll departments to adjust tax withholdings as soon as February.
So what does the latest version of the bill mean for Norther Virginia residents and homeowners? There are many changes, but here are a few of particular interest in our area: Mortgage Deductions
East Coast homeowners can breathe a sigh of relief that the mortgage deduction survived the conference negotiations. … (0 comments)
2017 is now in the books, and it definitely took us for a wild ride! With low interest rates and strong economic indicators, home-seekers were out in force. Many areas of Northern Virginia continued to experience strong sellers’ markets, with many sellers enjoying competing offers.
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