The Spring Market in Northern Virginia Looks Good

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Real Estate Agent with Long & Foster Realtors

The Spring Market in Northern Virginia Looks Good

Every Sunday night I get a company newsletter that tells us industry news.  I want to share this with you from Jeff Detwiler, President and Chief Operating Officer at Long and Foster Realtors.

 

 

Industry Update – Spring Brings Good News for Real Estate

The calendar may say that spring is here, but the warmer temperatures certainly haven’t made their way to most of the Mid-Atlantic and Northeast regions quite yet. Despite the weather, there is good news in the housing industry – the fundamentals of the housing market are positive and improving, driving sales of new and existing homes.

In the coming month, we expect:
  • Continued monthly job creation
  • Mortgage rates that remain low, making home purchases more affordable
  • Inventory in short supply, leading to continued price appreciation
  • Stock markets to provide wealth creation and a positive economic environment
  • Consumer confidence to increase with a healthy stock market, job creation, high affordability and home price appreciation
Interestingly, we may, at some time in the near future, begin to see slightly rising mortgage rates – indicating a positive sign for the overall health of the economy and the housing market. Buyers and sellers who have been sitting on the fence may be compelled to act, bringing serious customers back to help heat up the market once again. However, increased sales could be held back by limited inventory, which varies throughout our region.
 

OK, I am ready to go out and list and sell your home, your friends home, anyone you know who has a home or wants to buy one. Let's get going!
Posted by

Caryl Dawson - Associate Broker- Licensed in Virginia, GRI, SFR,  Affiliated with Long & Foster, 7526 Limestone Drive, Gainesville, VA 20155. To contact Caryl, call 703-598-7801 or email caryl@caryldawson.com. Or you can visit her website: www.caryldawson.lnf.com Header photos taken by Caryl Dawson The opinions expressed in this post are those of Caryl Dawson, not those of Long & Foster REALTORS®.

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