Uncategorized The value of residential properties went up 7% in 2022 versus 2021 for Washington/Arlington/Alexandria area. The Federal Housing Finance Agency (FHFA) published the House Price Index (HPI) for the last quarter of 2022.  The value of residential properties went up 7% between 2021 and 2022 for Washington / Arlington / Alexandria Metropolitan Statistical Area (MSA), a lesser increase than the two previous years.  Effectively, the gains in value were 11.4% […]
Uncategorized Variation of home values for the third quarter of 2022 for Washington/Arlington/Alexandria, and three digits zip codes 223, and 222.         The Federal Housing Finance Agency (FHFA) published their House Price Index (HPI) for the third quarter of 2022. For Washington/Arlington/Alexandria Metropolitan Statistics Area, the price of housing went down 1.96% compared to the second quarter of 2022. On a one year period, the third quarter of 2022 versus 2021, the value […]
Uncategorized MARKET INFORMATION FOR ZIP CODES 22307 AND 22310 (FAIRFAX COUNTY). Let us look how the value of properties varied from January 1 to October 31, 2019 to 2022 for two zip codes located in Fairfax County, 22307 and 22310. The chart presented the median sales prices and the number of sold units of Detached and Twin/Semi Detached properties and Townhouses. In both zip codes we […]
Uncategorized Thinking about buying? How to choose your lender. Most REALTORS have connections with local lenders and ours has done excellent work for our clients over the years. Different types of loans are available on the market such as Adjustable Rate, 2-1 Buydown, VA, FHA,  and Conventional. The choice may determine your capacity to borrow, the amount,  and the associated costs.  Contrary to the […]
Uncategorized What are the latest forecasts for home prices? Buyer demand is slowing down as we experience higher mortgage rates (around 7%) and uncertainty concerning the economy.  Despite the fact that home prices are still supported by continued low inventory, the observed negative factors had an impact on the real estate market.  Consequently, experts from the housing industry updated their projections based on current […]
Uncategorized How to obtain the lowest mortgage rate.
Uncategorized MARKET INFORMATION FOR ZIP CODES 22308 AND 22309 (Fairfax County). Here is the variation of home prices from 2019 to 2022 for two Fairfax County zip codes, 22308 and 22309 (including Mount Vernon). The chart presents the median sales price and the number of sold units from January 1 to September 30, 2022. It includes detached and twin/semi detached properties and townhouses. For both zip […]
Uncategorized Tax Considerations of a Home Purchase  
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Uncategorized MARKET INFORMATION FOR ZIP CODES 22314 AND 22301. The statistics concerning the real estate market presented every month by research and financial institutions describe the movements of home prices at the national and state levels.  But knowing how the market behaves in your area is more relevant and interesting. The charts below present the median sales price in two zip codes of Alexandria […]
Uncategorized Mortgage rates and house prices for 2023. For more than two years the number of homes for sale has not satisfied buyers’ demand. This factor associated with mortgage rates of less than 3% which had the impact of inflating house prices. After averaging 2.8% at the beginning of 2022, the rate on a 30-years mortgage loan reached 6.29% on September 26 of […]
Uncategorized Market Snapshot for Alexandria City, Arlington County and Fairfax County. The Federal Housing Finance Agency (FHFA) estimated, for the state of Virginia,  an increase of 7.8% and 14.3% in house prices in 2020 and 2021 respectively. Concerning Washington/Arlington/Alexandria Metropolitan Statistical Area the values were up 3.7% in 2020 and 11.6% in 2021. The Market Snapshot presented the Median Sales price, Number of Sold properties, Average […]
Uncategorized Buying or Selling, an Update. The market is shifting and price appreciation in Northern Virginia is slowing.  The shortage of homes for sale continues partly due to the inadequate production of new homes during and after the covid pandemic and the large influx of first-time buyers.  Families who refinanced to low interest rate mortgages (2 to 4%) will be reluctant […]
Uncategorized The Washington/Arlington/Alexandria area saw the value of homes rise 9.1% during the second quarter of 2022 compared to the second quarter of 2021.   The House Price Index (HPI) published by the Federal Housing Finance Agency (FHFA) measures changes in single-family home values based on data collected from all 50 states since the mid-1970s.  The index is calculated on a quarterly and monthly basis depending on the geographic area. Seasonally adjusted and purchase-only data were used to estimate […]
Uncategorized What will happen to home values in the near future?      
Uncategorized Avoid paying capital gain taxes upon sale of a real estate rental investment. Investors that own property individually or with a group of people can be subject to high capital taxes gain when the associates desire to sell.  To avoid paying capital gain taxes the answer is a 1031 exchange (often referred to as a “Starker” exchange). What you accomplish by this process is carrying over the capital […]
Uncategorized For the Washington/Arlington/Alexandria area, the value of housing during the first quarter of 2022 went up 4.6% compared to the fourth quarter of 2021 and increased 10.8% between the first quarters of 2021 and 2022. To estimate the variation in the price of housing at various geographic levels, national, census division, state  and  Metropolitan Statistical Areas, among others, the Federal Housing Finance Agency (FHFA) calculates on a quarterly and monthly basis a House Price Index (HPI) .   The index measures changes in single-family home values based on data collected from […]
Uncategorized Buy now, buy later, what to do?   What are the options for buyers in todays real estate market with its ups and downs, persistent low inventory, and higher mortgage rates? The choices are not easy. Here are some options: 1.- Buy now to avoid the possibility of higher mortgage rates and increasing property values. 2.- Wait for a possible decline in […]
Uncategorized In this economy, should you consider buying a property ? Buying a house is a good investment if you are looking for a hedge against inflation.  It is one of the few tangible assets that tends to hold its value. Since 1990, we observed higher House Price Appreciation (HPA) compared to inflation except for the year 2000 (2.3% versus 2.6%).  In 1990 the inflation was […]
Buying Help iBuyer Programs What’s the Deal With Those “We Buy Houses for Cash” Companies? The introduction of iBuyer or “instant cash offer” programs are coming from the new real-estate companies with deep pockets that buy homes directly from homeowners and close the transaction within days. They are not regular folks looking for a home to live in or […]
Selling Help Our Seller Advantage You Want Your Property “Sold”! When it comes to selling your current property, why not choose a Team of REALTORS® that can, at the same time, offer you Free advice of a Certified Public Accountant (CPA)? That way, you can proceed with knowledge of the financial and tax impact of the numerous decisions involved both […]