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AtCoastal Realty - The Morton Group Blog

Wednesday, February 14, 2024   /   by Todd Morton

What’s Really Happening with Mortgage Rates?

Are you feeling a bit unsure about what’s really happening with mortgage rates? That might be because you’ve heard someone say they’re coming down. But then you read somewhere else that they’re up again. And that may leave you scratching your head and wondering what’s true.

The simplest answer is: that what you read or hear will vary based on the time frame they’re looking at. Here’s some information that can help clear up the confusion.

Mortgage Rates Are Volatile by Nature

Mortgage rates don’t move in a straight line. There are too many factors at play for that to happen. Instead, rates bounce around because they’re impacted by things like economic conditions, decisions from the Federal Reserve, and so much more. That means they might be up one day and down the next depending on what’s going on in the economy and the world as a whole.

Take a look at the graph below. It uses data&. ...

  first-time home buyer, home buying, virginia beach, housing market, mortgage relief, mortgage, mortgage rates

Friday, February 9, 2024   /   by Todd Morton

Winning Plays for Buying a Home in Today’s Market

Some Highlights

In today's housing market, you can still come out on top if you have the right team and plan. Look no further than The Morton Group!! 


To win when buying a home, you need to build your team, make strategic plays, consider what’s in and out of bounds, and stand out from the crowd.


Let’s connect today to make your winning move. ...

  first-time home buyer, home buying, virginia beach, housing market, infographic

Friday, February 9, 2024   /   by Todd Morton

The Top 10 Real Estate Agents in Virginia for Selling Your Home in 2024

Virginia, a state rich in history and natural beauty, boasts a thriving real estate market that continues to captivate buyers and sellers alike. Finding the perfect real estate agent in this diverse landscape can make all the difference. Look no further as we bring you an exclusive list of the Top 10 Real Estate Agents in Virginia, each renowned for their exceptional prowess and unparalleled success in this vibrant domain.

These elite real estate agents have earned their spot on this list through their stellar achievements, unwavering dedication, and profound understanding of the Virginia market. From bustling urban centers like Richmond and Arlington to the picturesque communities of Charlottesville and Virginia Beach, these agents have proven their ability to surpass expectations and secure lucrative deals for their clients. Whether it’s a first-time homebuyer or a seasoned investor, these experts possess the acumen to cater to diverse needs while delivering except; ...

  first-time home buyer, home buying, virginia beach, virginia beach realtors, the morton group

Thursday, February 8, 2024   /   by Todd Morton

Will a Silver Tsunami Change the 2024 Housing Market?

Have you ever heard the term “Silver Tsunami” and wondered what it's all about? If so, that might be because there’s been lot of talk about it online recently. Let's dive into what it is and why it won't drastically impact the housing market.

What Does Silver Tsunami Mean?

A recent article from HousingWire calls it:

“. . . a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging . . .”

The thought is that as baby boomers grow older, a significant number will start downsizing their homes. Considering how large that generation is, if these moves happened in a big wave, it would affect the housing market by causing a significant uptick in the number of larger homes for sale. That influx of homes coming onto the market would impact the balance of supply and demand and more.

The concept makes sense in theory, but will it happen? And if so, when?

Why I; ...

  home buying, virginia beach, housing market, housing supply, home selling, the morton group

Tuesday, February 6, 2024   /   by Todd Morton

Houses Are Still Selling Fast in Virginia Beach

Have you been thinking about selling your house? If so, here’s some good news. While the housing market isn't as frenzied as it was during the ‘unicorn’ years when houses were selling quicker than ever, they’re still selling faster than normal, specifically in Virginia Beach.

The graph below uses data from Realtor.com to tell the story of median days on the market for every January from 2017 all the way through the latest numbers available. For Realtor.com, days on the market means from the time a house is listed for sale until its closing date or the date it’s taken off the market. This metric can help give you an idea of just how quickly homes are selling compared to more normal years:

 

When you look at the most recent data (shown in green), it's clear homes are selling faster than they usually would (shown in blue). In fact, the only years when houses sold even faster than they are right now were th. ...

  home buying, virginia beach, first-time home buyer, housing market, housing supply, home selling, the morton group, virginia beach realtors

AtCoastal Realty - The Morton Group
Todd Morton
582 Lynnhaven Pkwy STE 400
Virginia Beach, VA 23452
757-589-7628
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Shannon Hodges
600 Lynnhaven Parkway Suite 100
Virginia Beach VA 23452
757-553-1643

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