RISING INTEREST RATES

RISING INTEREST RATES

WILL RISING INTEREST RATES COOL THE HOT MARKET?   For the first time in years, the housing market appears to be showing signs of cooling. Agents in our community are discussing fewer bidding wars, decreased showing activity, and even some price reductions. So...
2022 Housing Market Update

2022 Housing Market Update

2022 Housing Market Update As the new year begins, I wanted to provide an update on the available housing inventory levels in our area, comparing the previous 2 years we well. Lynchburg City, All price ranges, all zip codes: In Jan. of 2020 there were 159 homes for...
What Is My Home Worth & Why?

What Is My Home Worth & Why?

What Is My Home Worth & Why?   One of the things I like about Lynchburg is it’s typically a very stable environment. It might not be overly exciting, but you know what to expect. That predictability has historically been true of our real estate market...
How Is COVID-19 Going To Impact The Real Estate Market?

How Is COVID-19 Going To Impact The Real Estate Market?

How Is COVID-19 Going To Impact The Real Estate Market? One word that I believe describes the COVID-19 situation we’re experiencing is Unprecedented.  Many have asked what impact this virus is going to have on home sales, prices, and the local real estate...
Is the Market Going to Crash?

Is the Market Going to Crash?

Is the Market Going to Crash? After the economic downturn of 2008-2011, many people have continued to wonder when the next crash will occur and how it will affect the housing market.  The previous crash was, in part, caused by careless lending practices.  Increased...