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Just Listed in Arlington

by ARLnow.com Sponsor November 17, 2017 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.”

Yikes! On the eve of Thanksgiving week, only 39 sellers braved to put their homes on the market this week despite the steady healthy absorption rate. Some 51 buyers stepped up and ratified contracts this week. But there are further signs that the higher end market is weakening. Of those sold, only nine sold within a week and none were priced over $1 million. The average days on market also shot up this week to 63, the highest for the year. And only four homes sold this week priced over $1 million.

There’s been much talk about the GOP’s tax cut plan that would affect the mortgage interest deduction. But new affordable housing is also targeted in the plan. The GOP House plan wipes out the exempt status of “private activity” bonds used to fund 50% of new construction for affordable housing. This act will severely curtail the public-private partnership to deliver affordable housing in communities for low income families, veterans, teachers, seniors, firemen, police officers, and special needs.

Interest rates bounced around this week ending virtually unchanged at 4.1% for a 30-yr fixed rate with no points. Remember when shopping for a loan to compare apples to apples. Makes sure you get quotes for the exact same product, and specify based on no points so you can accurately compare.

Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.

(Unfortunately, were are currently having issues with our website but these links at least allow you to get access to information about the properties.)

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