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 fall real estate market appears to be getting off to a slow start.
It’s not bad. But it’s not great either. It’s just sort of okay, which indicates something may be going on that’s not clear yet.
Sellers listed 71 homes this week, which is good. But buyers seem to be dragging their feet with only 51 ratified contracts. Of those, some 30 homes sold within seven days on the market.
Compared to last year, these numbers are ho hum. In the last three weeks of last September, buyers ratified 55, 65 and 54 contracts each week. And sellers really did their part by listing 96, 95 and 65 homes each week. Numbers tell a story.
Perhaps it has something to do with consumer confidence. The Fed on Wednesday dropped its overnight rate by .25% as a measure to bolster signs of a slowing economy. It cited concerns of a slowing global economy influenced by the US-China trade war and Britain’s exit from the European Union. The Fed wants consumers and businesses to maintain their level of spending while keeping inflation at its current rate of 1.6%
If you read this blog regularly, you may recall us telling you to grab the low mortgage rates to buy or refinance several weeks ago. Hope you followed the advice. Mortgage rates, which are NOT directly linked to the Fed rate, jumped this week with quotes varying from 3.73% to 4.01%. And they’re likely to rise more.
The good news for buyers this week is that the housing inventory level is at its highest in a year at 1.3 months. That gives buyers more to choose from, and strengthens their negotiating power
Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.
- 1020 N. Stafford Street #308, Arlington, VA 22201 — $450,000
- 1020 N. Highland Street #301, Arlington, VA 22201 — $649,900
- 3967 26th Street N., Arlington, VA 22207 — $874,900
- 883 N. Kentucky Street, Arlington, VA 22205 — $879,883
- 5213 8th Road N., Arlington, VA 22205 — $1,050,000
- 1503 N. Colonial Court, Arlington, VA 22209 — $1,350,000
- 5008 15th Street N., Arlington, VA 22205 — $2,375,000
- 3616 N. Upland Street, Arlington, VA 22207 — $2,595,000
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“Probing the highly imaginative, inspired mind of Teresa Oaxaca is not altogether unlike having a present-day conversation with an Old Master,” says Nashville Arts Magazine.
Here is an unusual opportunity to learn from this incredibly talented and accessible artist, at Art House 7’s two-day oil painting workshop in October. Teresa will give 2 portrait painting demonstrations for 3 hours each morning. Students will then be painting from a clothed live model. Teresa will offer individual critiques that focus on materials, techniques, process and artistic vision. You’ll get jazzed up about painting and become more confident about your abilities.
Art House 7, Two-Day Oil Painting Workshop with Teresa Oaxaca. Saturday, October 22 and Sunday, October 23, 10 a.m.-4 p.m. EDT $250.
See more about Teresa Oaxaca here. Art House 7 5537 Langston Blvd., Arlington, Va. 22207
Validating one’s emotions has the power to heal, transform, and empower. What Is Validation? Every human being has feelings. We all have emotions that change over time, sometimes quickly, sometimes slowly. The question isn’t whether we feel; it’s how we handle feelings once they arise.
Building strategies to understand emotions is essential to positive mental health, and validation is one effective skill to practice.
Emotional validation is the process of understanding, embracing, and actively listening to another person’s feelings (or your own).
Understanding someone’s emotions doesn’t necessarily mean you approve of how they are feeling or reacting to something. You can be supportive in acknowledging and validating an emotional experience without agreeing or diminishing it. Validation is a skill to learn and improve over time. It may take practice, but the effort is most certainly worth it. Emotional validation has the power to enhance interpersonal communication and foster strong relationships.
Are you ready to buy your first home, but concerned about saving for a down payment? Grab a drink and join us for 45 minutes to learn more about how you can buy your first house with 3%, 5%, or