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.”
Summer made its entry this week with hot temps and low real estate sales.
On cue, our market shifted downward a bit after the July 4th holiday with only 59 ratified contracts for the week. But sellers did their part by listing 79 homes which helps with our low inventory problem.
July and August are traditionally good times for buyers as fewer purchasers are in the market competing, so those who are can actually negotiate a deal. Remember, the market picks up again in September right after Labor Day.
Mortgage rates inched up just a few basis points this week to 4.65%-4.75% for 30-yr fixed rate with no points. Rates are 1/2% higher than a year ago.
While economists expect mortgage rates to continue a slow steady climb, we can expect a few periods of drops as investor capital seeks the safe haven of US bonds during our current and escalating trade wars with numerous countries.
While the price of all kinds of goods are likely to go up, we might get a few reprieves on mortgage rates. So pay attention and time your home purchases strategically. Good luck.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 2805 S. ARLINGTON BLVD #101, ARLINGTON, VA 22201 – $229,900
- 2811 S. COLUMBUS ST, ARLINGTON, VA 22206 – $435,000
- 4672 36TH ST S. #B, ARLINGTON, VA 22206 – $489,900
- 3616 7TH ST S., ARLINGTON, VA 22204 – $699,900
- 1704 N. MONROE ST, ARLINGTON, VA 22207 – $699,999
- 3857 N. RIXEY ST, ARLINGTON, VA 22207 – $950,000
- 1545 N. TAYLOR ST, ARLINGTON, VA 22207 – $1,149,000
- 929 N. DANIEL ST, ARLINGTON, VA 22201 – $1,799,900
The week started as summer and is ending, unmistakably, as fall. On the plus side, we have a stretch of crisp, sunny days ahead, with the exception of some rain…
A 5 BD/2 BA home with a light-filled den and screened back porch is included in Open Houses.
Early voting got off to a muted start today (Thursday) at the Arlington County government headquarters in Courthouse. “We had a line of five voters when we opened at 8…
Wakefield High School and Claremont Elementary School were secured today in response to reports of gunfire in nearby Bailey’s Crossroads.
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