Posts made by author 'Wes Atiyeh'
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20
A Message to My Community
To My Valued Clients and Friends,
In light of recent developments surrounding the spread of COVID-19, it has become clear that the world is facing an unprecedented event. I understand you will continue to have housing needs, but the health and well being of my clients, friends, occupants, families, and community will remain my top priority.
I pray for the many friends I have with businesses that rely on patrons visiting their establishment. If you can order a To-Go meal, do so! Here are some great places to get your TO-GO meal:
Richmond:
20
A Recession Does Not Equal a Housing Crisis
Some Highlights
- The COVID-19 pandemic is causing an economic slowdown.
- The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th.
- All things considered, an economic slowdown does not equal a housing crisis, and this will not be a repeat of 2008.
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24
The Biggest Issue Facing Housing in 2020
This coming year the housing market will be defined by 3 things- inventory, interest rates, and appreciation. But the biggest issue the housing market will face in 2020 is an inventory shortage. There aren't enough homes on the market for buyers, especially on the lower end of the market. This is a topic that has come up frequently within the past several months.
Based on what is forecasted, we know that interest rates are projected to remain low and that appreciation is expected to continue as we move into 2020. Additionally, the upcoming election will provoke many unique perspectives on the health of the US housing market. The challenge will be...
10
Bold Predictions for 2020 Housing Market in Virginia
All signs indicate another successful 2020. Increases in total jobs, existing home sales, median home price increase, new housing starts and a slight increase in the 30-year mortgage rates are heading our way.
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