When the Fed meets, experts in the industry will be keeping a close watch to see what they decide and what impact it’ll have on the economy. If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates. Over the last couple of years, they hit record lows, rose dramatically, … Continue reading Two Factors That Impact Mortgage Rates
Maryland
Home Décor Trends for 2024
Welcome 2024! With a new year comes new design trends. If you’re planning to refresh your home this year, here are a few decor trends according to Southern Living magazine. · A Show of Restraint. Remove anything that feels unnecessary to ensure each item makes a statement and impacts the general aesthetic. · Warmer Hues. … Continue reading Home Décor Trends for 2024
The Real Estate Market for 2024
If you’re thinking about buying or selling a home in 2024, you may be wondering what’s to come in the real estate market ahead. After a few robust years, 2023 brought the housing market to more normal (pre-Covid) levels, which we expect to continue in 2024. Here are a few more of the trends that … Continue reading The Real Estate Market for 2024
Long & Foster’s Third Quarter 2023 Real Estate Market Update
We’re more than three quarters into 2023, and a lot has happened in the real estate market. Interest rates have risen, shifting the market to a more normalized pace—reminiscent of the years pre-pandemic. Plus, we’re seeing the below trends, when comparing the third quarter of 2023 with the same period in 2022. Fewer homes were … Continue reading Long & Foster’s Third Quarter 2023 Real Estate Market Update
Multiple Visits Help Match Homebuyers’ Lifestyle Needs
There are several personal subjective tasks that only you as a buyer can evaluate when thoroughly considering a property to purchase. These are in addition to the support and resources your professional real estate agent provides. Your real estate agent plays a crucial transactional role in helping you find and purchase a home. These include all the … Continue reading Multiple Visits Help Match Homebuyers’ Lifestyle Needs
Four Ways You Can Use Your Home Equity
Selling home,Little house and money. If you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think. According to … Continue reading Four Ways You Can Use Your Home Equity
Owning Your Home Helps You Build Wealth
A housing subdivision in the San Francisco Bay Area. You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment … Continue reading Owning Your Home Helps You Build Wealth
If You Sell, Where Will You Go?
Do you want to sell your house, but hesitate because you’re worried you won’t be able to find your next home in today’s market? You're not alone, but there’s some good news that may ease your worries. New home construction is up and is becoming an increasingly significant part of the housing inventory. That means … Continue reading If You Sell, Where Will You Go?
What You Need To Know About Home Price News
Simplifying the Market, 5.17.23 The National Association of Realtors (NAR) will release its latest Existing Home Sales Report tomorrow. The information it contains on home prices may cause some confusion and could even generate some troubling headlines. This all stems from the fact that NAR will report the median sales price, while other home price indices … Continue reading What You Need To Know About Home Price News
Four Reasons Why Now’s a Good Time to Sell
While the housing market traditionally heats up with the weather, buyers are looking year-round. If you’re thinking about selling your home, here are a few reasons why now is a great time to get it on the market. Appreciation. Your home’s value is based on the market, not the season. In the last few years, … Continue reading Four Reasons Why Now’s a Good Time to Sell
Our Real Estate Market Predictions for 2023
Everything in the economy is cyclical and real estate is no exception. After a few robust years, 2022 brought the housing market to more normal (pre-Covid) levels, which we expect to continue in 2023. Here are a few more of the trends that my team at Long & Foster Real Estate and I expect to … Continue reading Our Real Estate Market Predictions for 2023
Third Quarter 2022 Real Estate Market Update
It’s hard to believe that we’re more than three quarters into 2022 and will soon ring in a new year. After a few years of a hot real estate market, you may wonder what’s happening now - especially if you’re planning to buy or sell a home in the next few months. In 2020 and … Continue reading Third Quarter 2022 Real Estate Market Update
Video: Long & Foster CEO Jeff Detwiler on Industry Headlines
Long & Foster CEO Jeff Detwiler breaks down the company's performance in 2021 and offers some perspective on our competitors' performance. Jeff's comments capture what makes our company unique in today's economic environment. https://www.youtube.com/embed/_6qel1puT5g We are extremely well positioned to support and exceed our client's expectations, and I am honored to be in the top … Continue reading Video: Long & Foster CEO Jeff Detwiler on Industry Headlines
The Changing Real Estate Market: A Return to “Normal”?
There’s been so much news lately relating to the economy and real estate. If you’re planning to buy or sell a home soon, you may be wondering what it means for you. The housing market, which received a boost from record low interest rates during the Covid-19 pandemic, has begun to shift. The Arrival of … Continue reading The Changing Real Estate Market: A Return to “Normal”?
May Residential Real Estate Market Update
The housing market is influenced by the state of the economy. With so many economic developments recently, you may be wondering about the impact on the housing market. To keep you informed, we looked at a few factors that are currently affecting the real estate market. Rising Mortgage Rates The recent increase in mortgage interest … Continue reading May Residential Real Estate Market Update
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