Market Update

Northern Virginia Real Estate - What is the difference between APR and Interest Rate?

Northern Virginia Real Estate - What is the difference between APR and Interest Rate?

Annual percentage rate, or APR, is a way of measuring the full cost a lender charges per year for funds. Interest Rate The advertised rate, or nominal interest rate, is used when calculating the interest expense on your loan.

What’s Going on in the Market Today?

What’s Going on in the Market Today?

Many sellers believe that it will be better to wait til spring to list. It is true that more homes are sold at the beginning of the year, but you need to factor in the cycle of supply and demand as well. For the fall and winter, supply decreases alongside demand, but not equally. Buyer demand is still higher than seller supply, so the remaining sellers will have a higher chance of selling for a higher profit. To learn more, watch this short video.