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.”
While Arlington shivers in its coldest temperatures in a decade, home buyers are warmed up and ratifying contracts.
The cold didn’t stop 45 buyers from purchasing homes this week. But home sellers seemed intimidated, listing only 39 properties. This does not help our problem of low inventory. Arlington currently has only 197 homes actively for sale.
At the current rate of absorption, that’s only 1.1 months of supply. This is the lowest level of inventory I have witnessed since the crazy days of 2004. We should start to see this kind of pressure pushing prices higher which is not good news for buyers.
But the Federal Reserve this week delivered some good news that it will hold off raising the short-term bank rate until further notice. That gave Wall Street a bump, lowered yields on U.S. Treasuries and pushed mortgage rates down a few basis points to about 4.5% for a 30-yr fixed rate.
The Fed said it wasn’t as concerned about inflation but is watching “global economic developments.” It lowered its assessment of U.S. economic growth from “strong” to “solid.”
Click here to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 226 N. Thomas Street Unit #226-2, Arlington, VA 22203 — $214,900
- 3048 S. Buchanan Street Unit #B2, Arlington, VA 22206 — $360,000
- 2008 N. Upland Street, Arlington, VA 22207 — $739,000
- 4639 15th Street N., Arlington, VA 22207 — $823,800
- 1630 N. Kirkwood Road, Arlington, VA 22201 — $1,000,000
- 6406 N. Washington Boulevard, Arlington, VA 22205 — $1,139,900
- 1937 N. Emerson Street, Arlington, VA 22207 — $1,309,000
- 6037 23rd Street N., Arlington, VA 22205 — $1,369,900
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Join MoCA Arlington Summer Camps at Marymount University and learn the fundamentals of handbuilding, throwing on a wheel, glazing, and much more. In this two-week course, students will explore hand building techniques, wheel throwing, and strengthen ideas that exemplify individual artist expression guided by professional working artists. Students of all skill levels are welcome!
Visit MoCA Arlington’s Website here and the registration page to secure your space today!
Homebuying 101: Steps to Getting Pre-Approved
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’s mortgage loan officers
4th of July Celebration & Fireworks
Treat yourself this Independence Day with a world-class, private 4th of July extravaganza at the Military Women’s Memorial – a premier National Capital Region site.
Great food, fun, and the best views of Washington DC’s spectacular fireworks display. Relax, enjoy,