Homes for sale possess continued to offer in the breathtaking costs, to your average household sale rate rising by the 8.3% year-over-seasons away from $366,500 so you can $397,000. A scarcity of households about condition is the primary driver behind this raise. As such, Virginia’s market happens to be a little volatile, having significant interest rates and you can mortgage repayments, all of which is actually impractical to decrease any time soon.

Still, getting possible homebuyers inside the Virginia, there is a possibility for refinancing if these costs carry out drop.Continue reading →