From Freddie Mac, take a look and if you are a buyer, let's get an early start on the Spring Market and Save. If you are a Seller, if the mortgage interest rates start up again, qualified buyer numbers decrease. You may want to explore the market soon, too.Drop in Rates Leads to Jump in Mortgage Applications
January 10, 2019
rates fell to the lowest level in nine months, and in response, mortgage
applications jumped more than 20 percent. Lower mortgage rates combined with
continued income growth and lower energy prices are all positive indicators for
consumers that should lead to a firming of home sales.
The people at Pantone have in recent years told us that what would be the color taking over clothing and items for sale on the shelves and some of the success of their predictions must come from the power of suggestion. In 2019 it is said to be living coral as you likely heard or read on the news.
But living coral isn't going to be the favorite color of kitchen cabinets. But could it show up on powder room walls? Could it be a background color for drapes? IKEA is already promoting it.
Perhaps to both. Be on the lookout for it in model homes or when paint consultants are commissioned to help you with your new wall paint colors!
So we had a bit of snow, sleet, and hail today -- November 15th -- so before Thanksgiving and still in Fall. Does it mean anything to sellers or buyers?
Yes, and yet how much of an impact? First thing first. People get put off by bad weather when they are looking for a home unless they really need to buy a home. Perhaps they are relocating or have a family change occurring. Casual lookers are probably using this as one more reason to wait.
Sellers become more anxious if they aren't well represented because the sellers fear anything beyond their control and weather is definitely one of those things. However, like the insurance commercial, "I've seen a thing or two" and let's talk about seasons, seasonality and responding to it. It doesn't have to be a bad thing at all and maybe it will put buyers in the holiday spirit when they come to look at your home! Call me.
Rather than resummarize the work done by Reston Association in their October 2018 RESTON Magazine, I have provided you a link to the 13 pages HERE
Reston will be going from the one existing METRO station to its second located next to the Toll Road, Sunset Hills Road, and Town Center Boulevard in an area that has generally been called Town Center West for the past few years. At the same time Reston's 2nd station opens in 2020, Herndon, Dulles Airport and Ashburn will get their stations.
If you are interested in buying or selling, call, text or email me. If you have questions, let's talk.
Wet Weichert Walk to End Alzheimer's Today
Do you like to take a walk in the rain like a young child in you with your yellow rubber boots? Today you can relive that feeling as the Northern Virginia community, along with Weichert Realtors, will meet in Reston Town Center between 1:30 and 2:30 and Walk to End Alzheimer's.
If you can come and join in, I'll be carrying the yellow Weichert flag, probably wearing me yellow raincoat, and will be happy to see you.
And, whether you walk or not, consider clicking http://act.alz.org/goto/Houghtaling and making a donation. Small or Large, Thank you.