» 2019 » September | Lee Stillwell

How Does the Supply of Homes for Sale Impact Buyer Demand?

The latest edition of the Realtors Confidence Index from NAR sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Until the supply of homes for sale starts to meet buyer demand, prices will continue to rise. The price of any item is determined by supply, as well as the market’s demand for the item. The National […]

September 30, 2019 Alexandria VA, Arlington VA, Bethesda MD, Chevy Chase MD, Gaithersburg MD, Great Falls VA, Kensington MD, Listings, McLean VA, North Bethesda, MD, Potomac MD, Real Estate Topics, News And Events, Rockville MD, Washington DC

Homeowners Are Happy! Renters? Not So Much.

When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable. In a recent survey, Bank of America asked homeowners: “Does owning a home make you happier than renting?” 93% […]

September 26, 2019 Alexandria VA, Arlington VA, Bethesda MD, Chevy Chase MD, Gaithersburg MD, Great Falls VA, Kensington MD, Listings, McLean VA, North Bethesda, MD, Potomac MD, Real Estate Topics, News And Events, Rockville MD, Washington DC

Are You Ready for the ‘Black Friday’ of Real Estate?

According to a new study from realtor.com, the week of September 22 is the best time of year to buy a home, making it ‘Black Friday’ for homebuyers. Every year, ‘Black Friday’ is a highly anticipated event for eager shoppers. Some people prepare for weeks, crafting and refining a strategic shopping agenda, determining exactly when […]

September 25, 2019 Alexandria VA, Arlington VA, Bethesda MD, Chevy Chase MD, Gaithersburg MD, Great Falls VA, Kensington MD, Listings, McLean VA, North Bethesda, MD, Potomac MD, Real Estate Topics, News And Events, Rockville MD, Washington DC

Should You Fix Your House Up or Sell Now?

If you’re thinking about remodeling your house before you list it, take a look at these three tips to help you decide if you really need to fix it up before you sell. The answer may surprise you. With the fall season upon us, change is in the air. For many families, children are growing […]

September 24, 2019 Alexandria VA, Arlington VA, Bethesda MD, Chevy Chase MD, Gaithersburg MD, Great Falls VA, Kensington MD, Listings, McLean VA, North Bethesda, MD, Potomac MD, Real Estate Topics, News And Events, Rockville MD, Washington DC

Is Your House “Priced to Sell Immediately”?

In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do. According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year […]

September 23, 2019 Alexandria VA, Arlington VA, Bethesda MD, Chevy Chase MD, Gaithersburg MD, Great Falls VA, Kensington MD, Listings, McLean VA, North Bethesda, MD, Potomac MD, Real Estate Topics, News And Events, Rockville MD, Washington DC

4 Reasons to Sell This Fall [INFOGRAPHIC]

Some Highlights: Buyers are active in the market and often competing with one another for available listings. Housing inventory is still under the 6-month supply found in a normal housing market. Homes are still selling relatively quickly, averaging 31 days on the market. Source: Simplifyingthemarket

September 20, 2019 Alexandria VA, Arlington VA, Bethesda MD, Chevy Chase MD, Gaithersburg MD, Great Falls VA, Kensington MD, Listings, McLean VA, North Bethesda, MD, Potomac MD, Real Estate Topics, News And Events, Rockville MD, Washington DC

One of the Top Reasons to Own a Home

One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of the home and […]

September 19, 2019 Alexandria VA, Arlington VA, Bethesda MD, Chevy Chase MD, Gaithersburg MD, Great Falls VA, Kensington MD, Listings, McLean VA, North Bethesda, MD, Potomac MD, Real Estate Topics, News And Events, Rockville MD, Washington DC

What Buyers Need to Know About HOAs

When searching for a home, you may end up selecting a property in a community with a Homeowners Association (HOA). Before you buy, it’s important to know how an HOA works and what they mean for you. According to a recent article on realtor.com, “In a nutshell, an HOA helps ensure that your community looks […]

September 18, 2019 Alexandria VA, Arlington VA, Bethesda MD, Chevy Chase MD, Gaithersburg MD, Great Falls VA, Kensington MD, Listings, McLean VA, North Bethesda, MD, Potomac MD, Real Estate Topics, News And Events, Rockville MD, Washington DC

Home Prices Increase in Every Price Range

Price appreciation can differ depending on your price range. CoreLogic analyzed four individual home prices tiers and shares the increase in each one. CoreLogic’s Home Price Index (HPI) Report revealed, “National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.” They also […]

September 17, 2019 Alexandria VA, Arlington VA, Bethesda MD, Chevy Chase MD, Gaithersburg MD, Great Falls VA, Kensington MD, Listings, McLean VA, North Bethesda, MD, Potomac MD, Real Estate Topics, News And Events, Rockville MD, Washington DC

Things to Avoid After Applying for a Mortgage

Congratulations! You’ve found a home to buy and have applied for a mortgage! You’re undoubtedly excited about the opportunity to decorate your new home, but before you make any large purchases, move your money around, or make any big-time life changes, consult your loan officer – someone who will be able to tell you how […]