Climbing Prices and Mortgage Rates Dampen Virginia’s Spring Housing Market
April 25, 2024 - Robin Spensieri
Welcome Virginia REALTORS®
The job market continues to grow, which is good for workers, but not so much for the Fed’s battle with inflation. The Federal Reserve held rates steady at their September meeting, but have left one more rate hike on the table for this year, but it is still too early to gauge if they will implement it or not. Unemployment in Virginia remains very low, and mortgage rates continue their ascent, reaching their highest level since 2000.
April 25, 2024 - Robin Spensieri
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