Richard Mercer Realtor

08/17/2023

A Look on the Northern Virginia Market Trend

08/09/2023

How to avoid capital gains tax on real estate
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When selling real estate, it is important to understand the potential tax burden as the IRS may be entitled to a share of your earnings. If you are selling your primary residence, you may be able to take advantage of the capital gains exclusion, allowing you to exclude some of your profits from taxa...

08/01/2023

Virginia in top 10 for spending money on home renovations
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Virginia homeowners are remodeling their houses in the summer, with demand for composite and PVC decking on the rise. The average cost of renovations is 5.2 percent of the median income, and contractors like R.S. Monger & Sons say the investment is worth it as it adds value to the home. They stock m...

07/24/2023

Why Housing Prices Haven't Dropped: The Current Market Scenario

Richard Mercer is a real estate agent with eXp Realty. Check out Richard Mercer's listings or office listings.

07/23/2023

What to Expect From the Housing Market in the Second Half of 2023
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The US housing market in the second half of 2023 is largely dependent on mortgage rates, which are expected to even out around 6% by the end of the year. This will help boost both housing demand and supply, as home prices start to fall and affordability improves. However, new single family home buil...

07/20/2023

07/15/2023

With Tight Inventories and Rising Home Prices, Virginia Remains a Sellers' Market
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In May 2023, Virginia home sales decreased to 2015 levels, with the sharpest drops occurring in Northern Virginia, Hampton Roads, and the Roanoke region. There was a 21% drop in sales, with prices staying firm due to the tight inventory conditions. Virginia REALTORS Chief Economist Ryan Price noted....

07/06/2023

How Much Does It Cost to Renovate a House?

Richard Mercer is a real estate agent with eXp Realty. Check out Richard Mercer's listings or office listings.

06/27/2023

Find out if it's time to sell your home
How much is your home worth? Type your property address and get a quick home estimate.

How much is your home worth? Type your property address and get a quick home estimate.

06/19/2023

Homes Remain Hard to Find for Buyers

Richard Mercer is a real estate agent with eXp Realty. Check out Richard Mercer's listings or office listings.

06/18/2023

New residential development coming to Bedford County
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The Bedford County Board of Supervisors recently approved a plan for a 47-unit townhouse village in Moneta. Jordan Mitchell, Director of Community Development for Bedford County, stated that this development will provide a much-needed housing option for both year-round residents and tourists. He not...

06/10/2023

Bankrate: Existing-home sales, prices decline again
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According to the National Association of Realtors (NAR) report, existing home sales in April 2023 were down 3.4% from the previous month and 23.2% compared to April 2022. Home prices were up from March but decreased 1.7% year-over-year, which is the largest decline since January 2012. The length of....