Mark Worrilow, District Director at Fathom Realty, shared insights into the local real estate market. Worrilow highlighted the resilience of Virginia's real estate market in 2024, surpassing earlier expectations. Despite a slowdown in 2022 and 2023, the market is witnessing a steady pace of home sales.
Worrilow attributed the previous slowdown to a rapid interest rate surge, causing buyers and sellers to exercise caution. With interest rates now stabilizing, there is a renewed sense of optimism in the market. The potential for the Federal Reserve to lower interest rates further could stimulate activity by attracting more investors and influencing mortgage rates.
This article is FREE to read. Please Sign In or Create a FREE Account. Thank you.
Recent Stories
The Stafford County Sheriff’s Department has arrested Nicolas Hartman, 26, of Gainesville for a Nov. 1 hit-and-run where two pedestrians were struck on Mine Road.
A decision made in 2019 by Stafford County’s planning staff has enabled the construction of more than 500 homes on the former Cannon Ridge Golf Course without requiring approval from the Stafford County Board of Supervisors.
A significant drug bust in Stafford County led to the arrests of Gesiah Hill, 22, and Henry Rojas, 24, both of Stafford, following a December 19th search of their Rappahannock Landing residence.
[Julia M Cameron via Pexels]Volunteer Prince William has opened up several new opportunities through the holiday season. Make sure to check out some below. Greetings, Prince William: Although we’re in…
Experience the passion and drama of Puccini’s “The Girl from the Golden West”.
Featuring special guest musicians from The Chesapeake Youth Orchestra, this performance brings Puccini’s masterpiece to life with an extraordinary cast.
Featuring:
Travel to French soil and celebrate with us for an unforgettable evening of delicious food, wine and music.
What better way to celebrate the end of the 2024 wine harvest in style than at the Embassy of France at DC’s only official celebration?
This is the Wine Event Of The Year!
