Tarafa Homsi - Business Page, where your real estate questions are answered

Tarafa Homsi - Business Page, where your real estate questions are answered Real Estate Services All my clients refer to me as "My Realtor, Homsi." I earned this title through hard work with a lot of integrity.

As we all know, Real estate in our life is not just a "shelter." It is a savings, investment, place for your business operation, place for your life services, and more. I have served clients with purchases from $125,000 ticket price to $9,000,000 and all in between, from first time buyers or those moving down or up.

09/24/2026

What Smaller U.S. Homes Could Mean for Buyers
Over the past decade, we've watched the average size of new single-family homes sold in the U.S. shrink from 2,700 to 2,400 square feet, even as the price per square foot has surged by about 72%. By 2025, one in four new single-family homes sold was under 1,800 square feet—a noticeable change from a decade earlier, when it was closer to one in six. At the same time, larger homes (3,000 square feet or more) have become less common, now making up about one in five new sales compared to one in three ten years ago. Builders are responding to rising land, labor, and material costs by designing smaller homes, which helps keep prices more approachable, especially with mortgage rates hovering between 6% and 7%. For those focused on budget or buying a first home, these smaller options may make down payments and monthly payments a bit easier to manage, though the jump in price per square foot means affordability remains a challenge. With decades of experience guiding clients through the Northern Virginia market, I’ve seen firsthand how these trends influence both choices and opportunities for buyers seeking the right fit.

09/23/2026

Northern Virginia's Two Real Estate Markets
Having called Northern Virginia home since 1980 and worked in its real estate markets for decades, I see firsthand how our region truly operates as two distinct markets. Lately, sellers still have an edge overall, but buyers are exercising more discernment than ever. Move-in-ready and well-priced properties—especially in McLean, Great Falls, Oakton, and Vienna—continue to attract multiple offers, while homes needing updates or priced above their value tend to linger. Low inventory helps support competitive bidding, but buyers are not rushing into homes requiring significant work or dated finishes.

In Tysons, expanded condo options have shifted the landscape. With inventory growing beyond the ultra-luxury towers, buyers now have more room to negotiate. Well-priced mid-tier and established buildings are seeing increased interest, while the premium segment isn’t dominating as before.

On the commercial side, there’s a clear divide. Office buildings—particularly older towers in Tysons—are under pressure to reposition, while robust data center demand continues to bolster the region’s economy. Looking forward, mortgage rates are projected to stay in the low to mid-6% range through the end of the year. Meanwhile, we can expect a notable new luxury project by late 2028.

Drawing on my deep knowledge of Northern Virginia real estate, I keep a close eye on these trends to help guide clients through every stage of their property journey with confidence.

09/18/2026

Buyers Gain Unique Opportunities Amid Growing Inventory
We’re seeing an interesting shift in the Northern Virginia real estate landscape: inventory is on the rise, giving buyers a rare opportunity to negotiate with more confidence. While pending home sales across the US have reached a six-month low and the median price has inched up 1.9% to $400,649, increased listings mean more choices—and often, more flexibility from sellers. High mortgage rates are certainly a factor, pushing monthly payments higher, but in some markets, this has led to price drops and increased seller concessions. Drawing on decades of experience in our region, I keep a close eye on these changes to help clients navigate negotiations with clarity and success.

09/17/2026

More Homes Hit the Market as Demand Cools
Lately, we’re seeing a subtle but important shift in the housing market: more homes are appearing for sale, even as buyer demand cools. Over the four weeks ending August 23, new US listings rose by 0.4%, with the total homes for sale also ticking up 0.5%—the highest since early spring. Yet, pending home sales fell 1.1% to a six-month low, as many buyers hesitated in the face of high housing costs, despite improved inventory across the country. The median US home-sale price climbed 1.9% year-over-year, now above $400,000, and average mortgage rates hovered near 7%, a 13-month high. In this environment, buyers are finding more negotiating power—price cuts and concessions are increasingly on the table, especially for properties that have been listed for several weeks. For sellers, realistic pricing is key, rather than holding out for prices from years past. Drawing from decades of real estate experience in Northern Virginia, I’ve learned that adapting your strategy to evolving market dynamics is essential—whether you’re buying or selling, thoughtful negotiation and local insight are more valuable than ever.

09/17/2026
09/15/2026

New Listings Rise as Summer Comes to a Close
As we approach the end of summer, I’ve noticed new home listings in the U.S. have increased by 1.2%, reaching their highest point in three months. Yet, pending sales have dipped by 1.3%, marking the lowest numbers since March. The median asking price saw a slight decrease of 0.1%, even though the median sale price is still up 1.8% compared to last year. These shifts are happening against a backdrop of higher mortgage rates and ongoing economic uncertainty. With decades of experience in Northern Virginia real estate, I understand how quickly conditions can change. My deep local knowledge and negotiation expertise help guide clients through these market transitions with confidence.

09/13/2026

Steady Summer Housing Market in Arlington and Northern Virginia
This summer, the housing market in Arlington and Northern Virginia delivered a mixed performance. While buyers saw more condos and attached homes coming onto the market, single-family homes remained in short supply—something I’ve observed often over my decades of helping clients here. Arlington’s sales dipped by 5%, with the median price standing at $823,000. Across Virginia, sales actually rose by 1.8%, and the median price reached $448,000. Nationally, sales held steady and prices have now been climbing for 37 consecutive months. Having called Northern Virginia home since 1980, I know how these nuances can impact your real estate decisions—especially when navigating such a competitive local market.

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6846 Elm Street
McLean, VA
22101

Telephone

+17038503736

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