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Just Listed in Arlington

by ARLnow.com Sponsor January 8, 2016 at 6:00 am 0

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Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Team Cathell, “Your Orange Line Specialists.”

HAPPY NEW YEAR!!!

All indications point to a strong year for Arlington’s real estate market. The economy is growing, consumer spending is at a 7-year high, unemployment is at a 7-year low, wages are moving upward, and mortgage interest rates are still hovering around 4% for a 30-yr fixed rate. This week, while people are still returning from holiday travel, some 22 buyers ratified contracts in Arlington and 21 sellers listed their homes for sale. That’s a healthy start for the new year.

Mortgage interest rates are still gyrating this week from the slumping stock market being impacted by news of China’s slowing economy. The result is mortgage rates dropping slightly from investors moving money out of Wall Street into safer 10-yr Treasury bonds. So what happens in China doesn’t always stay in China. With real estate values here expected to rise this year, and rates low, it’s a great time for buyers to ratify contracts and lock in low rates.

You can access all active listings in Arlington on the Cathell Team website.

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