Mortgage rates are expected to change soon. Looking ahead to 2025, it’s important to know what experts are projecting for the housing market. And whether you’re thinking of buying or selling a home next year, knowing what the experts are calling for can help you make the best possible decision for your homeownership plans.
Here’s an early look at the most recent projections on mortgage rates, home sales, and prices for 2025.
The best time to buy a home is coming soon! Get ready to take advantage of that sweet spot in the real estate market. What makes September 29th to October 5th the best time? Good inventory, lower interest rates, reduced demand, lower prices and an overall slower market make that week a stellar time to buy.
Woodacres, a neighborhood in Bethesda, Maryland, is highly regarded for its livability and excellent schools. This community is part of the Montgomery County Public Schools system, which is known for its high-quality education. If you are relocating to Bethesda, you should consider this community!
Do pickleball courts have a Starbucks effect on home values? It is certainly open for debate. Some prospective home buyers are excited to buy homes near pickleball courts, and the game’s popularity has spawned a “pickleball gold rush” in commercial real estate according to Realtor Magazine. Wouldn’t it be fun to live near a pickleball court? Not so fast say current owners living close to pickleball courts!
Luxury homes in the DMV are getting more expensive and more common. In July the percentage of homes that sold in DC for more than $1 million was 35.95% of all homes sold. The numbers in Montgomery County, Arlington and Alexandria were similar.
Is a balanced market coming soon? If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.
Housing myths are rife in today’s housing market. Which things that you are hearing are correct and which ones are big myth-understandings? Don’t believe everything you hear! That’s especially true if you’re thinking about buying or selling a home in today’s housing market. There’s a lot of misinformation out there. And right now, making sure you have someone you can go to for trustworthy information is extra important.
Childproof your new home before you move in if you have small children! Moving into a new home is an exciting time for any family and this is a great time to look closely at your new environment to make it safe for their little ones. Childproofing your new home will help to prevent accidents and create a secure space for your children. What better time to do it than as you are placing furniture and installing your personal decorations. Moving into a new home is an exciting time for any family. However, parents are responsible for making the new environment safe for their little ones. Childproofing your new home will help to prevent accidents and create a secure space for your children. Identification of possible risks, area security, and verification that all safety precautions are part of this procedure.
The value of your home in Chevy Chase MD goes up and down as a reflection of the larger U.S. economy but the long term trend of home values in Chevy Chase is up. The Chevy Chase real estate market is always active with homes ranging from the low $200k to multiple millions in value. There is a good mixture of condos, town homes and single family homes for anyone who wants to buy in Chevy Chase – and since inventory is low, the value of your home in Chevy Chase is high in August 2024.
Seller paid commissions in real estate are disappearing as of August 17, 2024 as a result of the recent NAR settlement. It will be confusing for a while but then buyers, sellers and Realtors will get used to the new rules.