Market Updates
Check out some expert insight on what the 2022 Real Estate Market is predicted to look like. When it Comes to Mortgage Rates… Who Will be Buying & What They’ll be Looking for… How Will Inventory Look… When it Comes to the Competitive Market… With those insights in mind, What Does This Mean for Buyers?…
The past few years have been buzzing about the low mortgage rates home buyers are receiving. More recently, there are predictions that these historic lows will start creeping up throughout 2022. How does an increase in Mortgage Rates impact you as a home buyer? It all comes down to a few quick math equations. In…
The New Year is here, but let’s take a moment to look back on the market statistics we closed out 2021 with. As expected during the Holiday season, the market slowed down a bit. New Listings With only 1,935 New Listings hitting the market in December, buyers didn’t have much to choose from! This was…
Take a look at the changes in the market throughout November 2021. The Hampton Roads real estate market is staying steady through the winter months. Although we’ve seen some reduction in competition, we’re still sitting in a Seller’s Market. Median Sales Price At $291,500, homes are selling 6% higher than November 2020. Although buyer activity…