Market Alerts

Read timely assessments about what's going on in our local real estate market - valuable insights and observations

Market Alert: Great news! Interest rates are still at historic lows. At the end of January, 30-year and 15-year average fixed rates were at 3.66% and 2.98%, respectively. This is a great time to consider a purchase.
— Joan, February 2015
Saving enough for a down payment can be a major obstacle for first-time home buyers. Fannie Mae has a new 3% down payment option for qualified buyers. Contact me to learn more.
— Joan, January 2015
Blacksburg single family home average price was up for the fourth year in a row. 2015 has started briskly with many agents reporting new listings, home showings, and new contracts.
— Joan, January 2015
Market Alert: Wow! Interest rates remain at historic lows. 30 year fixed rates have steadily decreased this year from a January average of 4.43 to an August average of 4.12 It would seem a good time to explore making a purchase.
— Joan, April 2014
Did you know Virginia has a First-time Homebuyer Savings Plan? The plan allows any Virginian, who has never previously purchased a home, to set aside up to $50,000 toward the costs of closing on a new home. The earnings on those funds — interest and capital gains — are free from Virginia state taxes forever. For more information contact me.
— Joan, April 2014
Market Alert: Buyers are back but they are struggling to find the right home. If you are ready to sell, list now. We are on the brink of a shopping frenzy as the weather warms up a bit. Every Realtor I spoke with was out showing property last Saturday.
— Joan, March 2014
Buyers are back. In Virginia, the number of homes sold has increased steadily since the third quarter of 2011. Home sales were up again in 2013. Since interest rates have remained low, if you are considering selling, now is a good time to list your home.
— Joan, February 2014
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