Rising Home Prices Mean Great News for Homeowners

For Sellers, How to Make the Best Deal?, Selling Your Home

Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers who are out looking for homes, which has caused prices to rise. The great news […]

93.9% Of Homes in The US Have Positive Equity

First Time Home Buyers, For Buyers, For Sellers, General, Selling Your Home, What You Need To Know About Your Financing Options?

CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year. The study also revealed that: Roughly 63% of all homeowners have seen their equity increase since Q1 2016 […]

How Long Do Most Families Stay in Their Home?

For Buyers, For Sellers

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median tenure […]

Alexandria, VA 22315 - July 2017 Real Estate Market Update

22315 Market Stats

Your Alexandria Real Estate agent, Abraham Walker, has prepared your local real estate market report for homes sold in the 22315 zip code. At Ask A Walker, we believe that more information about the local market leads to better decisions. If you’re planning on selling your home or buying in today’s market, we’ve included the […]

20 Tips for Preparing Your House for Sale

For Sellers, Home Buying and Selling Guide, Selling Your Home

  Some Highlights: When listing your house for sale your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate agent, Abraham Walker, will have a list of specific suggestions for getting your house ready […]

Millennial Homeownership Rate Increases

First Time Home Buyers, For Buyers, For Sellers, General

Recent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the homeownership rate for American households under the age of 35 increased a full percentage point from last quarter’s 34.3% to 35.3%. Millennials proved to have the […]

Do Your Future Plans Include a Move? What's Stopping You from Listing Now?

For Buyers, For Sellers

Are you an empty-nester? Do you want to retire where you are, or does a vacation destination sound more your style? Are you close to retirement and not ready to move yet, but living in a home that is too big in size and maintenance needs? How can you line up your current needs with […]

Be Careful Not to Get Caught in The Rental Trap!

First Time Home Buyers, For Buyers

There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by ConsumerAffairs addressed the continuous rise in rents, stating: “The cost of putting a roof over your head continues to go […]

Buyer Demand Continues Outpacing the Supply of Homes for Sale

For Buyers, For Sellers

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer […]

Inventory Drops Again, Sales Slow

For Buyers, For Sellers

Highlights: Existing Home Sales are now at an annual pace of 5.52 million. Inventory of existing homes for sale dropped to a 4.3-month supply, marking the 25th month in a row of declines. The median price of homes sold in June was $263,800. This is the 64th consecutive month of year-over-year price gains.         […]