You can get a look at your home's adjusted 2018 value by clicking the link below, or since you are on our site, simply scroll up top right above the video thumbnail, and click "What Is My Home Worth?"
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Begin your SEARCH for that new 2018 home goal!
If you'd like some suggestions about how to search and set up saved searches on the site, go here and click "Tips," top middle, and review "The 7 Things That Must Be Done To Sell your Home For The Most Amount Of Money!"
The latest home values are in for 2018 and it looks like we’re going to see a great year for home selling. However, a lot of people have been asking me lately if we’re in for another market crash.
My short, simple answer is no. This current market looks nothing like the market right before the last crash in 2007. We’re still below 2007 values right now. We’re actually closer to 2004 home values. We aren’t seeing the same bad loans in this market either. Back in 2007, anybody with a pulse could get a loan. Those lenders are out of business these days.
During the last crash, selling a home was nearly impossible. It could have taken you almost a year to sell, depending on the area you lived in, because of the high levels of inventory. That’s certainly not the case today. In fact, we don’t have much inventory at all. A home that comes on the market priced well and in good condition can sell within days.
We don’t have much inventory at all.
The current market isn’t only a great one to sell your home in, but it’s also a great market to buy a home in. You can lock in a nice low interest rate right now before they are expected to rise incrementally later in the year. We anticipate a lot of millennials entering the market. At the same time, a lot of baby boomers are going to be looking to downsize. With the economy picking up, home buyers who are looking to move up are becoming more common as well.
We are not in a speculative market right now in Northern Virginia. We’re in a market where it pays to be active, whether you’re buying, selling, or both. If you’re interested in taking advantage of the current conditions, don’t hesitate to give us a call or send an email. We look forward to hearing from you soon.