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Don’t Let Your Luck Run Out [INFOGRAPHIC]

Some Highlights:

• The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
• Freddie Mac predicts that interest rates will increase to 4.8% by this time next year, while home prices are predicted to appreciate by 4.8% according to CoreLogic.
• Waiting until next year to buy could cost you thousands of dollars a year for the life of your mortgage!

Which Homes Have Appreciated the Most?

Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 7.1%. CoreLogic, in their most recent Home Price Insights Report, reveals that national home prices have increased by 6.9% year-over-year.

A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture

The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20^th consecutive month of year-over-year drops.

Virginia Beach Market Reports

By Zip Code 23451 – Oceanfront & Shore Drive Area 23452 – Kings Grant/Little Neck Area 23453 – Landstown Area 23454 – Great Neck & Ocean Lakes Area 23455 – Bayside & Chick’s Beach Area…

Top 3 Foreclosures

Which Coastal Virginia home are you?

Top 10 Virginia Beach FSBO Mistakes

Perhaps you are considering selling your home For Sale By Owner (FSBO). As we respect your desire to sell your home alone, The AtCoastal Team at Keller Williams Elite Town Center in Virginia Beach also knows…

Hidden Gems for Coastal Virginia Home Buyers

Recently, Active Rain produced this infographic which shows the most valuable hidden gems when it comes to extra value and resale value in a home. From the 1500 national buyers…

Study: Zillow And Trulia Are Not As Accurate As AtCoastal.com

The WAV Group published a rather interesting study earlier this month that analyzes the data on Zillow, Trulia, and broker web sites in 11 major markets including the nearby Washington Metro area. …