Scott’s Market Update

I think I’ve said this before…. the tortoise and the hare effect is back! Learn more in this weeks Market Minute message.

Interested in talking more about your situation? I’d be happy to help! Feel free to give me a call at 703-652-5777 or email me at scottmacdonald@remax.net

Scott’s Market Update

Two things went DOWN last week, can you guess what they were? Find out in Scott’s latest market minute message.

Check out my LATEST LISTING >>> http://www.theresultsrealtygroup.com/…/…/lo10080229/45956867

Interested in learning more about your buying or selling situation?  Give me a call at 703-652-5777 or email me at scottmacdonald@remax.net

 

A Quick Minute of Motivation

In this new motivational series, Scott will highlight how to become a Peak Performer.

In today’s Peak Performer Series message, Scott talks about adapting to change. Don’t get stuck in a rut. If you aren’t adapting to change, you aren’t growing and learning. Find out more about this important topic in my latest motivational video!

Need more motivation? Give me a call at 703-652-5777 or email at scottmacdonald@remax.net

Now go sell something!

And don’t forget to subscribe to my blog at www.scottymacsblog.com

Scott’s Market Update

Just like the race between the tortoise and the hare….so goes the market! Learn more in this weeks Market Minute Message.

Are you interested in buying or selling your home? Would you like to know the current value of your home? Give me a call for a free analysis at 703-652-5777 or email me at scottmacdonald@remax.net

Scott’s Market Update 9/1/17

Not only is Bryce Harper’s recovery slow…so is the market! When will they both recover?
Learn more in Scott’s latest Market Minute message.

Interested in learning more about the market or your home value? Feel free to give me a call at 703-652-5777 or email me at scottmacdonald@remax.net

Scott’s Market Update 8/25/17

Sales were down nationally in July and August, but here in Northern Virginia, the market is still HOT! Learn more in this week’s market minute message.

If you have any questions or would like to talk about your buying or selling needs, please give me a call at 703-652-5777 or email me at scottmacdonald@remax.net

Have a great weekend!!

Scott’s Market Update 8/18/17

College bound this weekend … is anyone else doing the same thing? The market is holding strong, inventory is low, but that is normal for this time of year. When will it pick back up? Check out my latest market minute message for more details!

Would you like to discuss your specific situation? Give me a call at 703-652-5777 or email me at scottmacdonald@remax.net

Have a great weekend!

Scott’s Market Update 8/12/17

Consistency – is it a good thing? Bad thing? Or both? Find out more in this week’s Market Minute message.

Are you interested in finding out the current value of your home? Give me a call to stalk about your specific situation – 703-652-5777 or email me at scottmacdonald@remax.net

August Market Update

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Wow, what a year we are having in Northern Virginia real estate!

Inventory remains low – 13% below last year’s inventory levels, yet sales year over year are up 7.7%. We still have low interest rates and new loan programs – including grant programs – that are becoming available to help more people buy homes. Additionally, days on market are down to just 32 days which is unreal. As a result, we only have a two-month’s supply of houses in all of Northern Virginia. These factors, coupled with strong demand, has prices up over 2%. This is very moderate growth in housing prices, which is sustainable, so there is no fear of a bubble here. The projections for housing prices in our area are an increase of nearly 6% from June of 2017 to June of 2018.  If you are considering a move, now would be the time!

In July, our sales pace was very comparable to last year sales numbers which were strong – we would like this momentum to continue for our sellers. Historically, August inventory levels have stayed relatively flat, but sales do trend down. Let’s keep an eye out to see if this trend continues.

The one other area to keep an eye on is distressed inventory. Short sales are creeping back into the market. Many people who purchased homes back in 2006 and 2007 did so with interest only loans for 10 years, then they adjust to fully amortized loans over the remaining 20 years. This results in big monthly payment increases. Some of the home values are not back to the original purchase price, so refinancing is not always an option for the owner, hence the increase in short sales. It is a tough situation for many people – let’s see how this impacts the market going forward.

School starts early throughout our region this year, so I hope you are able to take advantage of the few remaining weeks of summer.  As always, if you have any specific questions about your situation and the housing market, please feel free to call me anytime.

703-652-5777 or scottmacdonald@remax.net