Positive Price Appreciation Forecast
John Burns Real Estate Consulting
presented very optimistic numbers for their 2021 US Housing Analysis and Forecast. Results of the research show that home prices are expected to appreciate 13.8%, giving home buyers equity to move and giving sellers a better return on their home sale. The job growth seen in the last few months is a sign of a strong economy, inspiring buyers’ confidence to enter the market.
In the last month, U.S. home prices experienced their biggest annual increase in more than two decades; a shortage of properties and low borrowing rates fueled demand. According to the National Association of Realtors, the median existing-home sales price in May topped $350,000 for the first time. This figure was nearly 24% higher than a year ago (in the midst of massive lockdowns!), the biggest year-over-year price increase NAR has recorded in data going back to 1999.
For those buyers who were discouraged from buying due to the high competition in the first months of 2021, now is a better time to start searching for your dream home! We are seeing an increase in home inventory helping the market stabilize because sellers are encouraged by the numbers. If you are thinking of buying or selling, give us a call for a free consultation!
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Born and raised in Northern Virginia, Carmen Dennis prides herself on knowing the ins and outs of the region. Before working in real estate, she was a high school Spanish teacher with Fairfax County Public Schools. She loves that the skills she gained as a teacher trans-late so well into real estate. Carmen is able to guide her clients through the home buying process so that they can make a competitive and informed decision. Her work ethic, listening skills, and strong attention to detail give her the ability to help her clients find exactly what they are looking for in a home.
When Carmen is not out touring properties you can find her cooking, trying a new restaurant, or exploring local hiking trails.
Carmen will be your strongest advocate and cannot wait to start your home search!
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Luxury Home Sales Soar, Even Helping Houses That Languished on the Market for Months
Americans looking to buy a home have struggled with bidding wars and a limited number of houses for sale.
But one area of the cutthroat real estate landscape is improving. It's the luxury segment, where listings are up and homes are selling at a rapid clip. The demand is so great that even "white elephants" – high-end homes that sat on the market for months before the pandemic began – are selling quickly as their owners willingly splurge on remodeling projects to spruce them up.
Read more on USA Today
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Our Recommended Wineries & Breweries Edition 2
The Winery at La Grange: Haymarket, VA - Great service, live music, food truck options, and pet friendly. Enjoy the view of the grapevines while relaxing with friends.
Pearmund Cellars: Broadrun, VA - The oldest Chardonnay vineyard in Virginia! This award-winning winery features beautiful outdoors great for picnics and family fun surrounded by the foothills.
Blue Valley Vineyard and Winery: Delaplane, VA - Indoor and outdoor seating, live music, kid and pet friendly, this venue has it all! Great selection of food and wines perfect for a weekend getaway.
Breaux Vineyards: Purcellville, VA - A beautiful patio, landscaped terraces, and tasting room - this popular winery is the perfect -go to- after a hike or a day trip in Harpers Ferry, WV. Only an hour from DC nestled between the hills. Enjoy stunning views.
Water’s End Brewery in Lake Ridge: Lake Ridge, VA - Great beer selection and non-alcoholic drinks (for the designated drivers), this kid and dog friendly brewery has a beautiful outdoor area and food options to enjoy.
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Chill Out This Summer
With temperatures rising, there's no better way to cool off than some ice cream. Washingtonian has highlighted some of the newest DC-area ice cream shops HERE.
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Get Your Kicks on the Mall
Athletes who rely on the fields around the National Mall for recreation can rejoice — the National Park Service has opened its reservation system for 24 athletic fields around the Mall. Learn more about the improvements made from DCist, HERE.
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Tips For a Successful Open House
For a home on the market, a Sunday open house feels like a tradition to most home sellers, real estate agents and curious neighbors who love to peek inside properties on their street. Still, an open house can be a productive way to show a home, take a tour and connect with a real estate professional. Here are 10 tips for both buyers and sellers to make for a successful open house!
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Backyard Envy: Spotlight the Outdoors in Your Listings
Since the start of the pandemic, homeowners have put more weight on their outdoor spaces. As such, real estate listings may want to highlight what a home has to offer in the backyard, front yard, balcony, deck, or lawn space.
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10 Bountiful Plants to Grow in the Heat of July
With the hottest days of the year upon us, you may think it's too late to plant a few last vegetables and herbs—but don't fall for this misconception. Here, we take a look at 10 different types of flowers, vegetables, and herbs that thrive in the heat of July. Happy planting!
Courtesy of Veranda
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Refreshing Summer Cocktails to Cool Off with This Season
Nothing tastes better than cooling cocktails at the end of a hot day. After a day at the beach or working outdoors (or if you're hosting a patio get-together), these summer cocktail recipes are the perfect way to punch up any menu.
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