According to The Washington Post, “Rising home prices and mortgage rates are likely to cause a bigger slowdown in the housing market.” Excerpt from "Mortgage rates, applications stall as housing market stumbles"|Sept. 28
While mortgage rates haven’t seen a drastic increase over the past year, it's traditional to see another hike in the fall. Additionally, "The Fed did keep a final rate increase on the table for 2017 and stated a target of at least three rate hikes for 2018," also reported from The Washington Post.
The good news is: "While the Federal Reserve's … (1 comments)
Updates on real estate market in Richmond, Virginia and surrounding counties such as Chesterfield, Bon Air, Chester, Midlothian, Hanover, Glen Allen, Henrico, Richmond, Virginia. Also thoughts on market changes in 2010, Information on housing for sale at Virginia Commonwealth University,
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