Tim Trainum Properties
"Delivering a Preferred Experience in Real Estate!"
REALTOR®, VA License #0225235004
Key Local Market Info!
Key Local Market Info!
RSS Feed
RSS Feed
- 2026 | 5 Posts
- 2025 | 12 Posts
- 2024 | 12 Posts
- 2023 | 12 Posts
- 2022 | 13 Posts
- 2021 | 13 Posts
- 2020 | 12 Posts
- 2019 | 15 Posts
- 2018 | 15 Posts
Subscribe and receive email notifications of new blog posts.
February
17
17
Low Housing Inventory in Northern Virginia Impacts Buyer Behavior
Housing Inventory Sits at Record Lows
Low inventory in the Northern Virginia housing market is nothing new. The local market has been faced with relatively fewer homes for sale since exiting the Great Recession more than 10 years ago. Homebuilders who were hurt during the recession are guarded and have not built new homes in the typical numbers. This has caused a significant amount of accumulated undersupply. Add to this sellers staying in their homes for much longer periods of time, only to be exacerbated by the pandemic.
January
5
5
The Loan Amortization Schedule in Northern Virginia Has Completely Flipped to Buyer Benefit
Fall in Rates Flip Loan Amortization Schedule to Advantage Borrower
Just two years ago, interest rates for a home mortgage were in the area of 4%. Today, rates are near 2.5% (40% less). This 40% fall has dramatic, second-level benefits to borrowers beyond just a reduced mortgage payment and increased home purchasing power. Enter the Loan Amortization Schedule. Every month when a borrower makes a mortgage payment, part of the payment is applied toward interest and part toward principal. That amount changes little by little with every payment - more and more going toward principal and less toward interest. In 2018 when rates were 4%, the first mortgage p...
December
9
9
Essential Information for Home Buyers in Northern Virginia!
CONTACT ME TO BEGIN ESTABLISHING A STRATEGY!
LET'S ACHIEVE YOUR BEST BUYING OR SELLING OUTCOME!
- Buyer Opportunity: More and more homes are being sold. Interest rates sit at all-time lows. While home prices increased 8.1% in Virginia during 2020, rates have fallen 23% producing net positive purchasing power to buyers in terms of mortgage payment amount. Virginia Association of Realtors (VAR) economists are forecasting another year of strong appreciation i...
November
18
18
The Northern Virginia Housing Market Has Powered Through the Pandemic
Northern Virginia Housing Market Has Proved Incredibly Resilient
This is clear from the two infographics above. One shows April activity and the other is October. To be sure, the pandemic has produced volatility. April activity was well down across the board in Northern Virginia due to the stay-at-home orders. Buyer showings were down 54% at their lows in early April compared to 2019. All activity snapped back in July as the economy re-opened and moved higher each consecutive month. Through October, almost exactly the same number of homes have been sold as 2019 (43,880 in 2020 compared to 43,985 in 2019).
August
19
19
COVID-19 Has Disrupted the Northern Virginia Housing Market, What's Next?
COVID-19 Has Disrupted the Housing Market
This is clear from the two infographics above. One shows April activity and the other is July. To be sure, the pandemic has produced volatility. April activity was significantly down across the board in Northern Virginia due to the stay-at-home orders. Buyer showings were down 54% at their lows in early April compared to 2019. All activity snapped back in July as the economy re-opened
Tim Trainum Properties
Office: (571) 386-1075 Cell: (703) 568-6750 Email Me
- 43777 Central Station Drive
- Suite 390
- Ashburn, VA 20147
Office: (571) 386-1075 Cell: (703) 568-6750 Email Me
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --