With many August home sales data points tracking horizontally or up, leaders at the Northern Virginia Association of Realtors conclude that the anticipated expected tax deductions have not adversely affected Northern Virginia home sales. For the short term, the limits to the state and local tax deductions (SALT) appear to be only a slight headwind to buyer confidence in our region.
A house is usually the biggest investment most families make, and the process takes careful review. With the average sold price for a two-bedroom townhouse at $435,000, many young adults in our region have taken their time to move out of their parents’ homes and start their own households. The good news is that when they do, their wealth building has a strong start even though entry level price points continue to be lean in our region.
October is Breast Cancer Awareness Month and bringing awareness and helping those affected by this and all types of cancer is important to us. Christine is a 16 year survivor and is an active reiki volunteer at “Life with Cancer,” a community outreach and support group in Fairfax associated with INOVA Hospital. To show our support to Christine and to all of our friends, family and clients who have been touched by cancer, we will be donating $250 to “Life with Cancer “ for every new client, every new listing and every deal closed that occurs in the month of October! So this is the month to refer us to your friends and family who may be thinking of buying or selling in the next 12 months so we can start working with them early to realize their dreams and to help more people living with cancer in our community. Thank you!