Wondering Where You’ll Move if You Sell Your House Today?
If you put a pause on your Richmond home search because you weren’t sure where you’d go once you sold your house, it might be a good time to get back into the market. That’s because today’s market is...
The One Thing Every Homeowner Needs To Know About a Recession
A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know.
Sellers Have an Opportunity with Today’s Home Prices
As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news.
What’s Happening with Mortgage Rates, and Where Will They Go from Here?
Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter...
What Happens to Real Estate Prices if Mortgage Rates Turn Higher?
It’s surely possible to have both higher home prices and higher mortgage rates if demand is sufficient - and that's being proven right now as mortgage rates tick up slightly while the Fed hints at raising...
What exactly is an appraisal gap threshold contingency?
Question: Some friends have submitted an offer to buy a home, an offer that includes an “appraisal gap guarantee" or "appraisal threshold." What is this, and how does it help the buyer?
4 Simple Graphs Showing Why This Is Not a Housing Bubble
A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits....
What’s Going To Happen with Home Prices This Year?
After almost two years of double-digit increases in home values across the Richmond Metro area, most of us professionals (full disclosure: including me!) thought home price appreciation would decelerate or...
