Northern Virginia Real Estate and Community News Blog

Blog Post Home Owners May Be Too Upbeat About Prices
By Fred Westerlund - Friday, April 15, 2016

Home Owners May Be Too Upbeat About Prices

DAILY REAL ESTATE NEWS | THURSDAY, APRIL 14, 2016 Home owners may be slightly too optimistic about their home’s value compared to what appraisers say it’s actually worth. Home values are, on average, about 2.17 percent lower than what home owners expect compared to ap...
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Blog Post More Single Female Buyers on the Hunt
By Fred Westerlund - Friday, April 8, 2016

More Single Female Buyers on the Hunt

DAILY REAL ESTATE NEWS | THURSDAY, APRIL 07, 2016Single women will soon make up a bigger portion of your home buyer pool in the future. They may be delaying marriage, but they’re not delaying home ownership.“Women today don’t sit around and wait for Prince Charm...
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Blog Post Mortgage Rates Edge Higher Again
By Fred Westerlund - Saturday, March 19, 2016

Mortgage Rates Edge Higher Again

DAILY REAL ESTATE NEWS | FRIDAY, MARCH 18, 2016Mortgage rates inched higher for the third consecutive week, but potential home buyers shouldn’t sweat it too much. Mortgage rates are still hovering below levels from a year ago. Freddie Mac reports the following national aver...
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Blog Post March 11 - Weekend Events
By Fred Westerlund - Friday, March 11, 2016

March 11 - Weekend Events

Here's what's going on this weekend: Old Town Manassas Saturday 3/12/16, 11am - St. Patrick's Day Manassas Parade The City of Manassas, Virginia celebrates St. Patrick's Day each year with a community parade featuring Irish dance groups, the Northern Virginia Firefighters Emer...
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Blog Post Millennials Are Heading to the ‘Burbs, After All
By Fred Westerlund - Friday, March 11, 2016

Millennials Are Heading to the ‘Burbs, After All

Millennials are leaving the city. While many millennials choose to live in urban areas as renters, when they're ready to buy, they're increasingly seeking single-family homes outside of urban areas, according to the 2016 National Association of REALTORS® Home Buyer an...
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Blog Post What kind of salary do you need to afford a home in these cities
By Fred Westerlund - Friday, March 4, 2016

What kind of salary do you need to afford a home in these cities

The average American needs to make a little over $51,000 a year to afford the median-priced home — including the principal, interest, taxes and insurance — in the U.S., a study released this week by mortgage information website HSH.com. This assumes the buyer has good...
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Blog Post February 26 - Weekend Events
By Fred Westerlund - Friday, February 26, 2016

February 26 - Weekend Events

Here are some events happening in our area this weekend. A new exhibit opened at the Lyceum in Old Town Alexandria titled “Alexandria’s Nurses & Hospitals During the Civil War.” This new exhibit details the life of Clarissa Jones, a nurse at The Lyceum hospital during ...
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Blog Post The Delicate Art of Rent Increases- Every Landlord Should Know
By Fred Westerlund - Wednesday, February 24, 2016

The Delicate Art of Rent Increases- Every Landlord Should Know

Every landlord knows that rent increases are a fact of life, but getting them right is another story. Rents seem to only continue to go up. Nationally, the median asking rent increased 5.74 percent in the third quarter of 2015, compared with the same quarter a year earlier. But w...
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Blog Post February 19 - Weekend Events
By Fred Westerlund - Friday, February 19, 2016

February 19 - Weekend Events

If you’re looking for something to do this weekend, there are some unique tours and exhibits happening at a few of our local historic sites, many are in recognition of African-American History Month. If you are a fan of PBS’s Mercy Street series, starting February 19, 2016, ...
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Blog Post The Most Common Questions Asked by Home Buyers—Answered!
By Fred Westerlund - Friday, February 19, 2016

The Most Common Questions Asked by Home Buyers—Answered!

The Most Common Questions Asked by Home Buyers—Answered!By Margaret Heidenry Buying a home is thrilling, scary, sometimes weird, often epic, and never dull. You’re ponying up a huge wad of cash for a place you’ll inhabit hopefully for years to com...
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