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.”
Sshhh… be quiet… and listen…
Can you hear the market whispering? It’s talking to us, very subtly. It’s saying things are slowing down, buyers are hesitant, there’s no sense of urgency, complacency is replacing vibrancy.
A common theme has emerged this week when talking with real estate professionals like agents, loan officers and title closers. They describe the market as “off,” “funky,” “soft,” “weird,” “squishy.” These are not yet technical terms in real estate lexicon, but they portend things to come. We may be on the verge of a subtle shift.
When consumers’ confidence in the economy wanes, it’s reflected in a depressed housing market because they are averse to risk regarding major financial decisions and commitments. When consumers feel the future economy is strong, it’s reflected in active home and auto sales.
This week in Arlington, 83 sellers put their homes on the market and 56 buyers ratified contracts. And about 60 sellers lowered their prices, a high number for the peak of the Fall market.
Interest rates show tiny signs of inching upward. The 30-yr fixed rate ticked up about 4 basis points this week to about 4.05%. The Fed’s move to shed 10-yr T bills and mortgage backed securities is competing with Treasury’s sale of 10-yr bonds so it raised the yield this week by 8 basis point, which in turn influenced mortgage rates. Increased rates will lower a home buyer’s purchasing power. Are dark clouds forming on the horizon of our housing market?
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 2908 DINWIDDIE ST S, ARLINGTON, VA 22206 – $439,000
- 5047 9TH ST S, ARLINGTON, VA 22204 – $448,000
- 1633 COLONIAL TER #402, ARLINGTON, VA 22209 – $549,555
- 1004 20TH ST S, ARLINGTON, VA 22202 – $765,000
- 134 OAKLAND ST N, ARLINGTON, VA 22203 – $769,000
- 150 COLUMBUS ST S, ARLINGTON, VA 22204 – $794,900
- 2221 POLLARD ST N, ARLINGTON, VA 22207 – $885,000
- 1891 16TH ST N, ARLINGTON, VA 22209 – $949,900
Covid cases have held relatively steady in Arlington for most of September, as the weather turns cooler and flu season looms.
Groundbreaking for I-395 Project — “Arlington County officials and representatives from VDOT and the Northern Virginia Transportation Authority broke ground Wednesday on a $19.9 million project to improve bike and…
As Arlington County continues collecting feedback on the preliminary concept plan to turn Langston Blvd into a “Green Main Street” over several decades, a few disagreements have emerged. Some say…
RSVP to learn about the Forestry and Natural Resources Plan during the virtual open house tomorrow at 7 p.m.
Now you can have fun with your family and friends when deciding where to eat!
Just hop aboard The Lunch Train and set the destination for: breakfast, brunch, lunch, dinner, or nightlife!
– No app necessary. Simply go to the website if you’d like!
– No account necessary
– Use your current location or a desired location
– Add restaurants you’re interested in, invite your friends, and play the game!
Lyon Park & Ashton Heights’ biennial home & garden biennial tour is back. The tour will include contemporary custom homes, older historic bungalows as well as renovated properties. One of the stunning homes on the tour is pictured above. In addition to beautiful & unique homes, the Villa & Vistas ’22 event will conclude with a festive reception at the Lyon Park Community Center at 414 N Fillmore Street, Arlington VA 22201. What could be better right?
All proceeds from this event will go to the Lyon Park Citizens Association (LPCA) towards our neighborhood jewel & hub, the Lyon Park Community Center (LPCC).
When: Sunday, October 2nd, Noon – 4 PM.
Where: Meet to get your tickets and the tour map at the Lyon Park Community Center (414 N Fillmore Street) We will have a table with information outside.
Are you ready to jump into homeownership or started considering it but don’t know where to start? Financial preparation is key when thinking about purchasing your first home and the first step to getting pre-approved. Join ACFCU for our Homebuying