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

National Numbers Are In – Home Sales Down, Prices Up, Interest Rates Rise

The national real estate numbers are in and here’s what we see in the macromarket:

  • Number of Home Sales Down
  • Median Home Price Up
  • Interest Rates Up

This makes it a GREAT time to sell. And homebuyers might not want to keep waiting. Time to hop off the fence! Here are the details. (If you’re buying or selling NOW, call Terry Belt & The Belt Team at 703-242-3975 for info on YOUR local market. Local micromarkets often vary from the national norm.)

National Numbers Are In – Home Sales Up, Prices Up, Rates Down

The national real estate numbers are in and here’s what we see in the macromarket:

  • Number of Home Sales Up
  • Median Home Price Up
  • Interest Rates Down

This makes it a GREAT time to sell. Here are the details. (If you’re buying or selling NOW, call Terry Belt & The Belt Team at 703-242-3975 for info on YOUR local market. Local micromarkets often vary from the national norm.)

National Housing Update By The Numbers

Wondering where things are in the housing market on a national level? Watch this 1 minute video for an update on home sales, home prices & interest rates.

If you’re thinking about buying or selling a home in Northern Virginia, call The Belt Team at (703) 242-3975 to find out what’s happening in YOUR neighborhood – because in real estate, it’s all about LOCATION, LOCATION, LOCATION!

Search all homes for sale in Northern Virginia on our state-of-the-art home search site

Wondering how much you can afford? Contact John Clark with New Penn Financial (our preferred lender) for a confidential pre-approval.