Interest rates have been a hot topic in the housing market, with many prospective buyers wondering if now is the right time to purchase a home. Realtor Mark Worrilow provides insight into the history of interest rates, their impact on homeownership, and why buyers shouldn’t be discouraged by the current rates.
A Historical Perspective on Interest Rates
A stunning lakefront home in Marshall, VA, is now on the market for $1,250,000. Located in the Cobbler Springs Farm Subdivision, this colonial-style home offers privacy, space, and breathtaking water views.
This home features five bedrooms, five and a half bathrooms, and 3,596 square feet of living space. The main level includes a spacious primary suite, a gourmet kitchen with granite countertops and skylights, a family room with a wood-burning fireplace, and a sunroom with stone flooring. The upper level has four additional bedrooms, a loft, and three full bathrooms. The lower level offers a large recreation room with a fireplace, a workshop, and ample storage space.
Step into this stunning 4-bedroom, 2.5-bathroom colonial home at 107 Seven Pines Dr., Locust Grove, VA 22508, where modern luxury meets tranquil living. Situated on a spacious half-acre lot in the prestigious Lake of the Woods community, this move-in-ready gem is the ultimate blend of elegance and comfort.
The upper level features all-new flooring, an office, and four spacious bedrooms. The owner’s suite boasts a large walk-in closet, dual vanities, and an ultra-relaxing jetted soaking tub. An additional flex room upstairs can serve as an office, gym, playroom, or even a fifth bedroom. The refinished screened-in rear deck offers the perfect space for year-round entertaining, while the large, level backyard provides plenty of room to play. A two-car garage and a newly sealed asphalt driveway complete this amazing home.
Hello! I’m Mark Worrilow of Fathom Realty. In this week’s listing, you won’t beat the price or condition of this remodeled home in a quiet area with plenty of land to serve your needs.
It’s been remodeled and is ready for new owners. This walk-in home is equipped with upgrades and beautiful fresh paint.
Prince William Association of Realtors: “Bright MLS, Smartcharts, a leader in real estate data and insights, has unveiled its August 2023 market report, delivering a comprehensive overview of the local real estate landscape. This report delves into key trends that have shaped the market throughout this period.”
“Key findings from the report indicate significant shifts in various real estate metrics compared to the previous year. Notable data points for August 2023 include a substantial 37.02% decline in new listings, with only 529 new listings recorded, as opposed to 840 in August 2022.”
REALTOR Association of Prince William: “Bright MLS, Smartcharts, a leading provider of real estate data and insights, has released its comprehensive report on the latest market statistics for June 2023 in the local area. This highly anticipated release offers valuable insights into the current state of the real estate market and highlights key trends and dynamics that shaped the landscape during this period.”
“The report reveals a significant decline in new listings, closed sales, and active listings in June 2023 compared to the previous year. New listings saw a substantial decrease of 47.03%, with only 579 new listings compared to 1,093 in June 2022. Likewise, closed sales experienced a decline of 21.94%, with 644 closed sales recorded in June 2023 as opposed to 825 in 2022.”
