Is the Fed’s Cut a Turning Point for Mortgages?
The Fed cut its key rate to 4–4.25%, the first reduction in nine months, easing borrowing costs for homeowners and buyers. Mortgage rates have fallen to their lowest in nearly a year, giving buyers more manageable monthly payments. While pandemic-era 3% rates are unlikely to return, current rates offer a more stable, predictable environment for […]
Happy Presidents’ Day
Presidents' Day celebrates all past and present U.S. presidents. It reflects on the nation's founding principles and values, including the Constitution and union. Reading of Washington's Farewell Address by a U.S. senator remains an annual event for decades.Many patriotic and historical groups celebrate Presidents' Day with reenactments and events.
WAAR: Greater Williamsburg Area Housing Market Shows Price Growth, Expanding Inventory
The Williamsburg area housing market saw a 5% decline in home sales in Q4 2025, with 767 homes sold, amid seasonal and economic shifts. Median sales prices rose 16% to $480,000, outpacing statewide growth. Inventory increased 48% to 783 active listings, and median days on market grew to 28. Mortgage rates eased to 6.06%, while […]
First-Time Homebuyer Tips
Buying your first home can be straightforward with the right guidance. Key steps include ensuring you're ready to commit, preparing your finances, maintaining your credit, and getting pre-qualified for a mortgage. Hiring a realtor can simplify the process, while a home inspection is crucial to identify potential issues. Be aware of extra expenses beyond the […]
Happy Valentine’s Day
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was […]
Cities With the Fastest-growing Home Prices in Virginia
Home prices in Virginia continue to rise despite slower growth due to higher mortgage rates. The fastest-growing cities show significant 1-year increases, with Delaplane leading at a $63,532 rise (+7.4%). Other notable increases include Catharpin (+$50,489), Waterford (+$49,988), and The Plains (+$48,234). Many top cities are in the Washington-Arlington-Alexandria metro area, with typical home values […]
Opportunities Ahead for Virginia’s 2026 Housing Market
Virginia’s housing market moves toward balance in 2026, with easing supply constraints and strong demand. 2026 sees additional inventory from new listings and single-family construction, improving buyer options. Home prices continue rising in 2026, but growth slows due to more available inventory. 30-year mortgage rates hover near 6% and may gradually drift lower throughout 2026. […]
Housing Market Outlook 2026 Rebalances
Home sales rebound: Economists expect roughly 14% higher sales as inventory improves and lock-in effects fade. Prices rise modestly: National home prices forecast to grow about 2–3%, supporting stability without overheating. Inventory expands: Listings are up around 20%, easing competition and reducing bidding-war pressure. Market balance returns: Buyers gain negotiating power while sellers face more […]
Warren Buffett’s Berkshire Hathaway predicts key real estate change
Mortgage rates have dropped to their lowest in over three years, boosting housing market activity and refinancing opportunities. Homeowners with rates above 7% can save significantly by refinancing, though closing costs mean it takes about 2.5 years to break even. Homebuyers now prioritize move-in ready homes with modern amenities, energy-efficient appliances, smart features, and outdoor […]
Why Housing Remains Structurally Stable
Post-2008 safeguards hold: Stricter lending standards reduce default and foreclosure risks significantly. Persistent housing shortage: Long-term underbuilding continues to support prices nationwide. Demographic demand strong: Millennials entering peak buying years underpin long-term demand. Balanced market signals: Slower sales, longer listings, and price cuts reflect normalization—not distress.