Today’s market conditions are unique, and there are plenty of ways to win
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Amid high inflation, increasing mortgage rates, and limited housing inventory, the headlines make it seem like there’s no good news in the real estate market. But when you listen closely to expert economists and look at your local market, you’ll learn that there’s plenty of opportunity. Let’s take a closer look to understand the complete picture of what’s really going on in the housing market.
Low inventory keeps home prices high
It’s easy to hear snippets of today’s news cycle and get swept up into a maelstrom of doom and gloom, fearing that the Great Recession of 2008 is happening all over again. But Lawerence Yun, Chief Economist for the National Association of Realtors (NAR), gave a talk this month in Orlando. Mr. Yun pointed out why the housing market will remain stable and profitable.
One of the leading factors behind his assertion is that “housing inventory is about a quarter of what it was in 2008.” The historic low inventory of available housing in the US is a positive because that limited inventory will prevent large price drops for most of the country. Mr. Yun went on to say that “distressed property sales are almost non-existent, at just 2%, and nowhere near the 30% mark seen during the housing crash (of 2008). Moreover, short sales are almost impossible because of the significant price appreciation of the last two years.”
The national housing market is not your local market
The national news won’t give you an accurate snapshot of what’s happening in your area. It’s a collection of data that makes for wonderful headlines but has little to do with what you need to know to buy or sell a home. That’s why as real estate professionals, it’s our job to dive deep into the microdata and help guide our clients to making smart moves.
Despite inventory remaining limited nationally, there are still housing markets with increases in available units, especially for starter homes, making this a wonderful time to buy. Other pockets are holding onto a seller’s market, with prices staying steady. It’s always best to speak to your trusted agent to know what’s happening in the area where you live or want to move. And, with rental prices continuing to rise as well, it’s never a bad time to consider purchasing a home.
How to start planning your next move
As a homeowner or prospective homebuyer, there are always ways you can stay ahead of the market. No one purchases a home overnight, so give yourself plenty of time and take smart steps to ensure success when the time is right.
First, contact us today to find the latest, up-to-the-minute value of your home, backed by local data. This will give you accurate insights into the value of your home and what your best move may be. From there, you’ll be able to make data-backed decisions about whether you should remodel, list your home, what kind of return you can expect, and more.
If you’re looking to buy, contact us to learn more about our market and how much inventory is available. Stay flexible, and consider different styles of homes, from townhouses and condos to older homes ready for some modern upgrades. Or, maybe a new construction home is right for you, with special financing and other incentives offered by the builders.
You Can Win Your Local Housing Market
Ultimately, real estate is always local! The best thing you can do before making a move in today’s real estate market is to contact your local real estate agent. As your local, trusted real estate professionals, we know what’s happening and are your best resource for determining your next best step. So contact us today!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
As busy as this time of year gets, jolly Ol’ Saint Nick always remembers the good boys and girls in Locust Grove! He will be making his rounds atop LOW F&R Engine 29 through Lake of the Woods on December 16th, 17th, and 18th! Santa is so excited to see all the children in LOW and nearby Locust Grove areas! Santa and the LOW Fire Department have developed a route and tracker that is posted on their website and Facebook page, so please keep checking for further updates! Please note the schedule is tentative and may change based on weather and calls for service.
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, or Northern Virginia, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available properties, please visit our website licatagroup.com
Welcome home to 314 Piedmont street. Located in the town of Orange county the home sits on a corner lot within walking distance of downtown restaurants and shopping. The home offers 3 bedrooms, and one bath on the main level, where the walk-out basement has a laundry room, workshop, den, and two large rooms that can be used for bedrooms/game/craft/storage whatever fits your needs. The driveway is large enough for multiple cars, a boat, or a camper. The yard offers plenty of space for kids/pets to play or for family gatherings.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Culpeper Renaissance, Inc (CRI) and Culpeper Downtown merchants and restaurants invite you all to experience this holiday with them with the following events scheduled for November through December!
November 14th through 20th, enjoy season offerings and specials at various downtown shops for their Holiday Preview Week. The storefronts will also be participating in a Holiday Store Front Decorating contest so be sure to check them out and vote for your favorite decorated store!
November 18th is “Pink Friday!” the week before Black Friday and #supportsmallfirst and enjoy in-store and online specials at the local shops in downtown Culpeper.
November 20th is the Holiday Open House with in-store specials ALL DAY and a band performance at Grass Rootes Porch from 1pm – 3pm followed by Santa Rides around Culpeper from 3pm – 4pm and the Community Tree Lighting 4:30 pm – 6:30 pm. Join the festivities for a real treat including free face painting and various children’s activities and holiday refreshments will be available for purchase.
November 25th is Black Friday with in-store and online specials and discounts.
November 26th is Small Business Saturday and Santa will be strolling downtown Culpeper from 6pm – 8pm.
November 28th is Cyber Monday with online and in-store specials and discounts.
November 29th is Giving Tuesday, the one-day giving event. Consider donating to Culpeper Renaissance via their website here.
December 1st through 15th, participate in the WHO STOLE CULPEPER-VILLE? downtown Culpeper scavenger hunt challenge! Map and entry card available at the visitors center (the Depot) Monday – Sunday 10 am – 5 pm.
December 3rd, 10th, and 17th the Culpeper Downtown Winter Farmers Market will be from 9 am – 12pm at the East Davis Street Parking lot.
December 9th, visit Santa at Culpeper Center & Suites for a meet and greet and photo opportunity!
December 16th, visit Santa at the Culpeper Visitors Center for a meet and greet and photo opportunity at the Depot.
For more information about any of the above-mentioned events and to keep up to date on the latest Culpeper events visit culpeperdowntown.com!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
This is the big one! The 3 bedrooms, 3 levels, and 2.5 bathrooms make this the largest model unit in the Ridges at Belmont Country Club. This home features a garage, a long driveway for 2 extra cars, as well as a ground-level patio, and a 2nd-floor balcony making this one of the most desirable homes in the community. The main level has hardwood flooring throughout, while the eat-in kitchen consists of larger cabinets providing tons of storage, stainless appliances, and, granite countertops. The primary bedroom suite is on the lower level and provides enough space for a corner office and leads out to a private patio and storage. The second level has 2 ample-sized bedrooms providing great natural light from both ends of the home. The Club Corp, Belmont Country Club offers golf, parks, trails, a pool & more. With your membership, you have access to other Club Corp facilities throughout the US and internationally. The DC City club and the Tower Club in Tysons Corner are great business clubs with restaurants that you can use as well. Great Loudoun schools are within walking distance of Belmont Chase, which features Whole Foods and numerous restaurants. The W&OD Trail for jogging and biking, and One Loudoun with a movie theater, Trader Joe’s, and more restaurants, within a 5-minute commute. You are in the center of everything and can get anywhere fast using major commuter routes, Dulles Airport, or the metro silver line. Monthly fees include cable/internet, phone, water & lawn care.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Welcome to 104 Federal Rd, providing a newly sealed driveway on the exterior and fresh paint on the interior! The expansive great room will become a favorite spot when you’re not enjoying the sunroom! The open floor plan and eat-in kitchen will make entertaining or hosting family a breeze. Privacy is offered by the split floor plan, with the primary bedroom and en-suite bath separated from the two additional bedrooms and hall full bath. The primary suite is complete with jetted tub and a separate shower in the en-suite bath, so you may soak the day away! This spectacular home is located in a private, gated, secured community, Lake of the Woods, that offers anything and everything you could possibly want.
Located in Lake of the Woods, a private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550-acre main lake and a 35-acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteer your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $200,000+ to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience what’s to love in Lake of the Woods!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Welcome to 4006 Lakeview Pkwy, where you’ll love your golf course view and fine finishes throughout! Conveniently located between the front and back gates, this meticulously maintained home will wow you from the moment the circular driveway greets you. As you enter, you’ll immediately appreciate the gleaming hardwood floors, which are present throughout the main living areas. A vaulted ceiling and bow window are features of the living room that truly stand out, while the adjoining dining area features chair and crown molding, as well as corner built-ins. You’ll love the expansive breakfast bar found in the kitchen with room for several chefs! This floorplan truly makes entertaining a breeze or enjoying time intimate time with family. The family room, highlighted by a cozy fireplace, flows from the dining area/kitchen. Off of the family room lies the fabulous three-season room, boasting fabulous views of the golf course! This expansive room will be a favorite in which to relax with your morning brew or favorite beverage. Ready for a cookout? The deck off of the three-season room provides all the space you desire! As you ascend the stairs, the two spacious bedrooms and full bath are sure to please. And wait until you see the amazing storage area this level provides!
Located in Lake of the Woods, a private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550-acre main lake and a 35-acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteer your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $200,000+ to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience what’s to love in Lake of the Woods!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Who’s ready for Halloween?? This year, dress the kids in their favorite spooky Halloween costumes and stop by the Lake of the Woods Clubhouse POINT between 6p – 7pm to collect some Halloween treats! Stop by while the community celebrates Halloween by passing out candy to the trick-or-treaters before you hit the neighbors and other communities for candy collecting. Trick or treating in Lake of the Woods will be held from 5pm – 8pm. LOW asks that if you will not be home, or do not wish to participate, please turn off your outside lights so the trick-or-treaters will know to pass by your home!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Welcome to 3608 Lakeview, ready for you to call home! You’ll be impressed by the condition of the home, with new paint, and new carpet, and it is as clean as a whistle! Four expansive bedrooms, 2 1/2 baths, a cozy fireplace in the living room, office/flex space, and a two-car garage are sure to please! Need storage? The partial basement is perfect! A private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550-acre main lake and a 35 acre “fishing lake”), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteer your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $200,000+ to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Welcome to 622 Cornwallis Avenue! Imagine the lifestyle you’ll experience and the memories you’ll create in this fantastic waterfront home featuring amazing main lake views, spectacular sunrises, and ample room for large gatherings! Every bedroom enjoys the water views, and all offer outdoor access! As you arrive, you’ll immediately notice the private setting near the end of a cul-de-sac, and be wowed by the main lake views! Step inside, and you’ll immediately be greeted by lake views, an open floor plan, and a living room with an incredible floor-to-ceiling stone fireplace to warm those chilly evenings. The kitchen provides all the amenities with stainless steel appliances and a generous-sized breakfast bar that leads to the expansive screened porch perfect for early morning coffee or simply relaxing. The main level is completed by the primary bedroom with an ensuite bath and laundry room. Ascending the stairs to the upper level, you’ll find two large bedrooms that provide lake views and a full bath. The lower level is sure to please! Descending the stairs, you are greeted by a huge family room with a gorgeous brick fireplace and a bar area that accesses the concrete patio for outdoor enjoyment. The lower level also boasts an additional bedroom, full bath, and large storage room for all those water toys. Of course, the water frontage is spectacular! Swim from your dock, launch your canoe or kayak, hop on your boat for a day of fun, or simply bask in the sun waterside from your own private oasis! Let’s get this lake life started!
A private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550-acre main lake and a 35-acre “fishing lake”), a golf course, an equestrian center, a fire, and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won’t be disappointed! Perhaps you’d like a game of bridge or volunteer your time and talents…Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from $200,000+ to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don’t take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience what’s to love in Lake of the Woods!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
