The DC regional housing market is strong. Closed sales and new pending sales were up 10% versus last April and half of April's homes sold were on market for only two weeks or less! This is the highest number of pending sales we've seen since July 2005.
Northern VA home prices continue to increase as the median home price in Fairfax County was $479,700 for April 2015, up 3.2% from April 2014.
Interest rates are rising. For the past 3 weeks interest rates have been creeping up, however they are still lower than they were this time last year and remain at historic lows. Experts are predicting they will continue to rise throughout 2015.
Overall activity is up this Spring, with lots of both buyers and sellers entering the market. This balanced activity has lead to a slowing of regional price growth. My opinion is that this month is a healthy balancing out of last months spring fever.
Friday, May 22, 2015
Tuesday, May 12, 2015
Home Owner Tip: Spring cleaning helps your home maintain it's value!
- Serious top-to-bottom, take-no-dust-bunny-prisoners, company is coming style cleaning, helps you turn back the clock on the look and feel of your home. It also helps it maintain value!
- Tackle the every once in a while items that aren't on your regular cleaning schedule: washing/vacuuming the drapes, de-bugging light fixtures, polishing hardware (door hinges, cabinet knobs etc.), replacing grungy switch plates,replacing or repairing peeling or sagging weather stripping, and changing out old stove-top drip pans.
- Change the direction of ceiling fan blades to help cool warmer rooms and reduce your summer energy bills.
- De-clutter if you want to. If the items in your home make you happy and you don't feel overwhelmed by them, then clutter is not an issue! If they are driving you up the wall, or making you feel sad then it's time to tackle your stuff.
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