Press Club

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.”

First, a huge Congrats to the Nats for winning the World Series for the first time by showing their grit and toughness against the powerful Astros. Simply an outstanding performance. Go Nats!

As we get over our morning-after Halloween sugar rush, we can feel good that Arlington’s real estate market remains robust amid national news that the economy appears to be slowing. This week, home buyers and sellers each did their part to keep our housing market buzzing. Sellers listed 44 homes, and buyers ratified 40 contracts. The average days on market was only 30 for those homes that sold.

The Federal Reserve cut its benchmark rate by 0.25% on Wednesday citing concerns of a slowing U.S. economy. The cut helps reduce consumer short term loan rates on credit cards and car loans. But mortgage rates actually ticked upward a few basis points after the Fed cut. Long term rates like mortgages are influenced by the U.S. Treasury 10-yr bond, not the Fed.

The current rate on 30-yr fixed rate mortgage is 3.75%-3.875% and probably rising. So for those lucky 40 buyers who ratified this week, I would advise them to lock in their rates ASAP if not sooner.

The cool autumn weather brings us beautiful vistas of brilliantly colored trees, but it sometimes also brings us unwanted visitors. Those noises in the attic or your walls aren’t Halloween spirits, but outdoor critters seeking warmth and nesting places. Get them out immediately before they cause more harm and health concerns. After professionals remove the squatters, make sure you properly plug their access routes to prevent them and their friends from coming back. The longer you wait, the more it will cost.

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

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