Joe Versage's Blog Posts

Home Sales Stabilize as Holidays Approach

The month of November has seen a stable and balanced market of home sales in Loudoun County, with modest price gains and slightly longer days on market. The median sales price was $745,000, a 2%

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Spring Fades with a Burst of Inventory

As spring prepares to give way to summer, Northern Virginia sellers are hoping for a jump in activity. Buyer interest was cool in May (showings were down 12.9% year-over-year), but a surge in

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Spring '25 Begins with Lowest Fixed Rate in 2 Months

The end of February brought hope and motivation to homebuyers as they entered the Spring shopping season. On Friday, February 28, the average interest rate on a 30-year fixed-rate mortgage fell to 6

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Mortgage Rates Tumble as Fall Buyers Swoop In

Football season is back and so are lower mortgage rates!According to Mortgage News Daily, the average 30-year fixed rate for conventional home loans fell to 6.4% on September 6, the lowest

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Mortgage Rates Dipped As Memorial Day Approached

Mortgage rates fell as residents of the DC metro area prepared for the long Memorial Day weekend. According to Freddie Mac, "the average 30-year fixed mortgage rate dipped below 7% for the first

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Positive Signs for 2024 Spring Market

Altos Research is one of the top market data companies in the United States. Based in Sunnyvale, California, it monitors and tracks 100 million residential properties that are actively listed for

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New Year Shows Promise after Drop in Mortgage Rates

2024's real estate market is shaping up to be a promising one, following a meeting of the Federal Reserve on December 13. The result was one of the biggest 2-day drops in mortgage rates in decades

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