Where Are Home Values Headed?

Keeping Current Matters” has provided us with some excellent information about where home values are headed. Whether you’re thinking of buying or selling a home in Northern VA – you’ll want to check what they had to say:
Home Values Going Up KCM

“Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey

  • Home values will appreciate by 4.1% in 2015.
  • The cumulative appreciation will be 18.1% by 2019.
  • That means the average annual appreciation will be 3.4% over the next 5 years.
  • Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of 10.5% by 2019.

Individual opinions make headlines. We believe the survey is a fairer depiction of future values.”

FREE INSTANT Online Home Valuation

———————————————————————————————————————————–In addition to the info from Pulsenomics, we also know the government has indicated it likely that interest rates will rise. In fact, we have seen the FHLMC 30 year rate rise already from 3.84% in May to 4% in June and 4.09% in July. In light of the urgency to buy now, we are holding a special MILLENNIAL EDITION of our “Kiss Your Landlord Goodbye” Seminar.

Homebuyer Seminars Northern VA

Today is a great time to enter the real estate market!  Why throw money away on rent when you can be your own landlord? Freedom rocks. And so does putting money in your OWN pocket instead of your landlord’s!  

Mortgage rates are low (for now!) and you may even be able to pay less by owning than renting. Not sure how the process works? We’ve gathered these local experts to share their knowledge with you:

  • Aaron Gagnon, Loan Officer, Apple Federal Credit Union
  • Brad Pace, Loan Officer, EverBank
  • Chris Melnick, Owner, Double Eagle Title
  • Several local millennials who recently bought their first home
  • The Belt Team, nationally recognized Top 100 Team with Keller Williams Realty

Next Class Scheduled: Sept 30th 6:30-8PM in McLean

Register at: www.TheBeltTeam.com/Classes  (Register FREE before 9/10)

Parents: Are YOU your adult child’s landlord? Send them to our class. Invest in their future!

Here are some of the topics we will discuss:

  • Could I actually pay less by owning than renting?
  • How much money do I need?
  • Do I qualify for a mortgage?
  • What would my payment be?
  • Mistakes to avoid.
  • What about inspections?
  • Search tips & tricks.
  • Best apps to use.

Questions? Call Terry Belt & The Belt Team at (703) 242-3975

Fairfax County Virginia: How Long To Sell Your Home and Are Prices Rising?

If you’re looking to buy or sell real estate in Fairfax County in 2015, you may be wondering how long homes are on the market and whether prices are up or down.

First, let’s look at what happened in 2014:

  • Average Days on Market: 45 days (up from 37 days from 2013)
  • Average Sold Price: $538,280 (up 1.26% from 2013)
  • Average Sold Price as 97.3% of List Price: % (down from 98.2% in 2013)
  • Percent of Homes Sold in 10 Days or Less: 37%

Now, to get an even better sense of what’s happening in the real estate market, go to our web site for up-to-date Fairfax County housing stats on the most recent month as compared to the five year average. This will indicate what the current trends are.

Call The Belt Team at (703) 242-3975 if you would like to buy or sell in Fairfax County this year. We are one of the top real estate teams in the state and more importantly, our clients are HAPPY! (How do you know? Check reviews of Terry Belt, Tom Reilly, Kevin Kleifges, Beth Dadisman, Gail Belt, Martin Bristow & The Belt Team!)