Close

CRS Long & Foster Real Estate

March 2020 Item of Value

Hi Everyone, March has arrived and with the first signs of spring, we’re reminded that tax season is upon us and the April 15 tax filing deadline will be here before we know it. As you prepare your 2019 taxes—if you haven’t already done so—here are a few housing-related items to keep in mind. Home interest deductions. Mortgages that closed before Dec. 14, 2017: A married couple filing jointly and single filers can deduct mortgage interest on a combined debt limit of $1 million. Mortgages that closed after Dec. 14, 2017: For both primary residences and second home loans, mortgage […]

Read More

April News Letter of Value

I am sure you’ve heard the headlines: Interest rates are rising. Homeownership is no longer affordable. The real estate market is headed for a bubble. While what is being said in the news media attracts attention, it’s critical to take a broader look at the housing market and historical trends to understand what’s actually occurring. Housing affordability is still high. The U.S. Housing Affordability Index (HAI) surpassed 155 this January. That means the average U.S. family has 155 percent of the income needed to purchase a home. This is higher than at any time between 1980 and 2008—when the housing […]

Read More

January 2020 Item of Value

By: P. Dennis Connelly at CRS Long & Foster Real Estate Happy New Year! The start of the year is always an exciting time. It’s a chance to plan for the future and look back on the past year. It’s also the time of year that I hear from many clients who want to know how the real estate market ended and where it’s headed. Getting perspective on the past year’s trends helps us see how the future will unfold. Here are a few of the key developments the real estate market experienced in 2019. Interest rates were low, so money […]

Read More

December 2019 Item of Value

By: P. Dennis Connelly at CRS Long & Foster Real Estate Hi Everyone, If you’re thinking of buying or selling a home next year, you’re likely wondering what’s expected to happen in the housing market. Here are a few trends that our team at Long & Foster Real Estate expects to impact the market in 2020. Resolution of uncertainty in the world economy could affect interest rates. Interest rates have been at historic lows the past few years largely due to investors flocking to US treasuries and rates are likely to remain low next year.  However, should more stability in […]

Read More

Special Item of Value: iBuyers

By: P. Dennis Connelly at CRS Long & Foster Real Estate Hi Everyone, Special Item of Value: iBuyers If you’re thinking about selling, you might be considering an iBuyer—companies that provide nearly instant purchase offers on homes. iBuyers bring the certainty of a specific sale date and relieve you of making home improvements or opening your house to buyers. But when it comes to selling your home—often the largest investment most people ever make, is the convenience worth the cost? As with most financial decisions, it’s best to evaluate your options before selecting the path forward. That’s why I wanted […]

Read More

November Item of Value – Third Quarter 2019 Update

By: P. Dennis Connelly at CRS Long & Foster Real Estate Hi Everyone, November Item of Value – Third Quarter 2019 Update While real estate is hyper-local and each area experiences its own ebbs and flows, a number of trends still affect the market as a whole. Throughout the third quarter of 2019, inventory challenges and declining mortgage rates certainly remained a common theme. If low mortgage rates have you thinking about buying or selling, continue reading to learn why the holiday season can be a great time to do so.  Declining mortgage rates. Despite most industry predictions at the […]

Read More

October Item of Value – Winter Home Maintenance Tips

By: P. Dennis Connelly at CRS Long & Foster Real Estate Dear Homeowner, October Item of Value – Winter Home Maintenance Tips Fall is officially here. Before colder weather arrives, there are a few things you should do to prepare your home for the upcoming season. Taking these steps now can help ensure you’ll go through fall (and winter) without any problems. Shut off outside water faucets. Close valves inside the house, then turn on the outside spigot to drain any remaining water from the line. Keep in mind some newer homes have a pin at the shut-off valve that […]

Read More

Sell Your Home in Today’s Market

By: P. Dennis Connelly at CRS Long & Foster Real Estate Hi Everyone, No matter where you look, inventory shortages are driving the real estate market. With fewer properties for sale, home prices have grown higher while sales periods have tightened. These conditions present tremendous opportunities for sellers, but it can be worrying for those individuals who also need to buy a new property after selling. Thankfully, those worries can be overcome through preparation, planning and a professional like me. Here are just a few ways that home sellers can become successful buyers, too. Begin your new home search before […]

Read More

Millennials and Real Estate

By: P. Dennis Connelly at CRS Long & Foster Real Estate Hi Everyone, How different are the generations when it comes to homeownership? While Millennials are entering the home-buying game later than earlier generations, their desire to achieve the American Dream remains and, in fact, is stronger than previous generations. That’s just one difference between Millennials, Gen Xers, Boomers and Silents, and here are a few more facts about their real estate preferences, according to the National Association of Realtors’ 2019 Home Buyer and Seller Generation Trends study. Which generation is buying the most homes these days? That would be […]

Read More

Update on Real Estate Trends

By: P. Dennis Connelly at CRS Long & Foster Real Estate Hi Everyone, It’s hard to believe we’re more than halfway through 2019. For those of you who are thinking of buying or selling a home this year, you might be wondering how the real estate market has shaped up so far this year. While all real estate is local, a few trends have emerged nationwide. Inventory shortages, Baby boomers are choosing to age-in-place and aren’t downsizing at the anticipated rate, so their homes are not opening up for new buyers. Concurrently, homeowners who refinanced or purchased their home with […]

Read More