Submit Content

Just Listed in Arlington

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.”

If you talk with leaders in mortgage, title and real estate brokerage, as I do regularly, you’d think our housing market is about to collapse.

The number of transactions and mortgage applications in the last two weeks has dropped significantly in our area, and those industry leaders are worried. Is the drop just normal summertime blues, or is something more ominous lurking over the horizon?

Arlington’s numbers this week are low with only 40 ratified contracts and 49 new listings. It’s too early to tell if this is because of weakening consumer confidence influenced by media bombardment about a possible recession coming soon. Or if its just because it’s the end of summer, public schools in Arlington don’t start until next week when workers resume normal routines, and home buying right now just isn’t the biggest priority.

The next 2-3 weeks will likely bring some clarity and answers. Keep in mind that our economy is overdue for a shift based on historical business and economic trends. We have experienced numerous minor recessions over the last 30 years that left little impact on daily life.

It’s still a great time to buy a home or refinance. Interest rates remain low at about 3.5% for a 30-year fixed rate. Those rates won’t last forever. Ironically, if we have good economic news then mortgage rates will likely rise. But if we have worsening global and U.S. economic news, rates could actually go lower.

I would advise home buyers to ratify a contract as soon as they are able to find the right home. Once ratified, you can lock in your interest rate. Choose a local reputable lender that offers a one-time float down. If interest rates drop after you’ve locked in, the float down allows you to lower your rate before closing. Ask for the float down option.

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

Recent Stories

A 3 BD/1.5 BA brick home with hardwood floors, new refrigerator and deck is included in Just Reduced.

All lanes of eastbound I-66 lanes approaching Rosslyn were closed tonight due to a crash. A car crashed and overturned shortly after 8:30 p.m. No serious injuries were reported but…

Looking for something to do this week in Arlington? Check out the following selections from our event calendar. If you’d like to see your event featured, fill out this form….

It’s a little less park-like than New York City’s High Line, but Arlington County has come up with a concept for new pedestrian bridge from Crystal City to National Airport….

INF Care Virtual Concierge is a new and inviting option to remote assistance that leverages the best of what technology should encompass with quality interaction.

For the busy individual that needs a way to reduce stress and tackle caring for an older family member that lives alone.

or

For the maturing adult that just needs help with everyday tedious tasks, connectivity, and access to data on their everyday habits to pinpoint areas that need more attention.

Read More

Submit your own Community Post here.

Looking for a more convenient way to work out?

On the Go Fitness Pro offers in home personal training. We bring the gym to you, so you can save time and skip the hassle of going to the gym. Plus, our trainers are certified and experienced, so you can be sure you’re getting the best possible workout.

We provide all the equipment needed for a great workout or we can use the equipment that you have.

Schedule a free consultation today and see how we can help you achieve your fitness goals.

Read More

Submit your own Community Post here.

Mini Photo Sessions for Family & Pets

Mini Family & Pet Photo Sessions
Beat the rush and sign up to get your holiday photos now!

Bring your kids! Bring your dogs!

Check out the DeSilva Studios website. Look at the images and see if you like them

Vini Franchetti Wine Dinner

Join us as we explore Vini Franchetti & their two sister vineyards Passopisciaro (Sicily) and Vini Franchetti (Tuscany) for our Sicily/Tuscany Wine Dinner!

Sunday, Oct 9 @ 6pm

Special Guest: This wine dinner we will be hosting the wine maker

×

Subscribe to our mailing list