January 2017 News

Jan
23
|

Dear Friends and Neighbors –

Each new year brings a fresh start, new ideas and a renewed sense of possibilities. It also seems to be the time when we are more focused on our indoor space due to the colder temps. What better time to declutter your space and help with that fresh perspective?! See article below for a great way to declutter your home and your life. Get started!

Market Overview

Three weeks in and 2017 is shaping up to be anything but ordinary. On the real estate front, we are seeing signs of an early Spring market, and hope that with the inauguration now behind us, things will really start to pick up. We are hopeful for a few reasons:

1. Mortgage Rates:
With rates increasing, we expect buyers to come out of the woodwork early to lock in rates. If the rate of increase is measured, we think the medium/long term impact to the market will be minimal. However, if there is an unexpected spike in rates, the market could seize temporarily.

2. Inventory:
Inventory is still low. We are encouraging our sellers to get their homes to market as early in the season as feasibly possible to take advantage of reduced competition.

3. Financing:
Even though rates are on the rise, credit is easier to come by. In fact, the FHA recently announced it will increase lending limits for 2017 which will provide more flexibility, especially for first time home buyers. Lenders are bringing a number of new mortgage programs to the table, and smaller banks and non-bank lending institutions are entering the playing field as well, all of which should increase available options to consumers.

So if you’re thinking of buying or selling, it is NOT TOO EARLY to call us. The Spring market is here NOW. January is off and running, so please give us a call if we can help you get started with a search or sale.

Sue Hutchings HazenSue Hutchings Hazen

Sue Hazen is a native Washingtonian. Born overseas, yet raised primarily in McLean, Sue has a unique understanding of the area and the specific strategies necessary for success in this fast paced and challenging real estate market. Extremely well organized and technologically adept, Sue promises to provide her clients with the utmost in customer service, delivered efficiently, decisively, and with compassion and confidence. She is a graduate of McLean High school (’88) and Radford University (’92) and lives in McLean, with her teen sons, Trevor and Nathan.

Gitika KaulGitika Kaul

Gitika is a four time Emmy award winning television producer turned REALTOR. After nearly two decades working for ABC News, Gitika is now applying her creativity, strategic thinking and high energy style toward helping her clients achieve their real estate dreams. Gitika appreciates the nuances of each client’s needs and prides herself on providing hyper-personalized service, keeping in close contact with her clients every step of the way.

Gitika holds a B.S in Journalism from Boston University. In her free time she enjoys exploring D.C.’s exploding culinary scene (without kids), hosting playdates (with kids), and shopping for a good bargain.

Keeping it REal

We would really love to hear from you if you have Real Estate questions/topics you’d like to see covered. Please send your questions here and we will be happy to answer these in our next newsletter.

In The News

Everyone has some junk or clutter lying around the house that they’d be better off without…
Read more here
.
 We love stunning renovations and exquisite remodels as much as anyone…
Read more here.
 Various real estate entities have weighed in with their prognostications for the 2017 housing market…
Read more here.