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.”
Arlington’s summer real estate market continues at a strong pace with both buyers and sellers performing well.
Home sellers listed 61 properties this week, and buyers ratified 53 contracts. Some 29 of those contracts were on homes listed for a week or less. The average days on market has shifted slightly to just 18. These are strong numbers for a summer market.
But below the calm steady surface of the housing market lies powerful currents that could greatly affect home sales. Amidst signs of a slowing U.S. economy, The Fed has been under pressure by the administration to cut rates as an economic stimulus.
The Fed met on Wednesday and announced it was holding firm with no rate cuts in sight, opting to play a wait and see approach based on economic growth changes. And Fannie Mae this week lowered its projections for economic growth in 2019 and 2020 which it believes could raise mortgage rates later this year.
Trade wars and weakening consumer and business confidence are cited as the main causes for slowing economic growth. The weak jobs reports for the last several months have added to the concerns.
These dynamics will influence mortgage rates, and mortgage rates have a powerful influence on our housing market as does consumer confidence.
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 4636 36th Street S. #A, Arlington, VA 22206 — $539,500
- 2817 1st Road N., Arlington, VA 22201 — $690,000
- 5602 5th Street N., Arlington, VA 22201 — $699,900
- 505 N. Garfield Street, Arlington, VA 22201 — $875,000
- 4585 25th Road N., Arlington, VA 22207 — $1,050,000
- 4625 N. Dittmar Road Arlington, VA 22207 — $1,199,000
- 934 19th Street S., Arlington, VA 22202 — $1,375,900
- 5728 25th Street N., Arlington, VA 22207 — $1,725,000
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Arlington and its neighbors have become more segregated in the last 10 years while fair housing legislation at the state level faces significant roadblocks. Arlington’s fair housing enforcement, education, and commitment to equity practices in housing policy and programs are beginning to show signs of improvement but much more needs to be done.
Join the NAACP Arlington Branch, HOME of Virginia, and Equal Rights Center for the 2nd Annual Arlington Fair Housing Conference on April 15th to discuss the threats and opportunities to advancing fair housing policy across the state and within Arlington.
The half-day, in-person event will feature speakers from fair housing advocacy organizations and government agencies including the U.S. Department of Housing and Urban Development, and focus on fair housing policy trends in Virginia and Arlington County. The conference aims to advance the understanding of issues and policies related to equity and affirmatively further fair housing among local officials, advocates, and members of the public.
2nd Annual Arlington Fair Housing Conference
Is home ownership a goal of yours in 2023? Now is the time to make it happen! Grab a (virtual) drink with the area’s top Real Estate experts, learn all about the home buying process and on how you can get $1,500 towards your closing costs immediately!
Did you know the average Arlington renter will spend $150K in 5 years of renting? Stop paying down someone else’s mortgage! Join us for a Rent vs. Buy Happy Hour on Wednesday, April 5th at 6 p.m. via Zoom. If this time doesn’t work, we also are offering times convenient for your schedule!
A lot has happened in the local market since the beginning of the pandemic. Sip on your drink of choice and learn from Northern Virginia, Arlington and Washingtonian Magazines top producing agents! We will discuss the latest market updates, the home buying process and rent vs. buy cost savings. Please RSVP by clicking here.
Call/text Manavi at 703-869-6698 with any questions!
Private School Fair
Congressional School to Host MONA Private School Fair Thursday, April 27 at 6:30 PM
Congressional School in Falls Church, VA is delighted to host the MONA (Mothers of North Arlington) at an upcoming Private School Fair. Private schools from around
WHS Spring Festival
Join us at the WHS Spring Festival on April 22, 2023, from 10am- 3pm at Wakefield High School(main parking lot). Come out to shop, play, and eat!
Shop local vendors, arts & crafts, new and used items, food vendors/trucks, and