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

 

October Market Update

As the summer comes to an end, we’re seeing the real estate market continue to move steadily along. We don’t anticipate any drop off in sales as we enter the fall selling season. We have buyers looking to enter the home buying market – especially first-time buyers. Interest rates remain low, new loan programs are becoming available to help cash strapped purchasers and these opportunities are available in all price points. As I see it, our challenge will continue to be inventory levels, as many home owners are staying in their homes. They are doing so because they are not able to find homes to fit their needs in available move up price points. We are also seeing an increase in the amount of people that are renting their houses since they are gaining equity and have low interest rates/payments which allow them to have positive cash flow.

We also have three types of sellers – those who want to sell, those who need to sell and those who have to sell.  Those who want to sell typically take their houses off the market as we head into the holidays, therefore reducing inventory.  As long as we have houses to sell, the market will stay steady.  Let me know if you have any questions or concerns if you are considering selling – the market conditions just might be in your favor.

Lastly, please keep an eye on what is happening with the President’s Tax Reform – doubling the standard deduction, eliminating state and local tax deductions and only having three tax brackets. Industry professionals predict these may all affect home values by 10%.  Again, if these changes occur, it could affect housing as tax payers who claim mortgage interest deductions may no longer be able to claim this deduction, thereby eliminating the need to buy as a tax plan.  Housing is critical to our economy so implementing this plan could put damper on the economic recovery.  Let’s hope this reform doesn’t pass in its current form.

Halloween-Sold-Sign

Have a happy and safe Halloween!

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