Patty Arndt Realtor

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Patty Arndt Realtor A Realtor since 1987. In this ever changing market, you need an agent who will assist from start to finish.

I pride myself on providing service to both buyers and sellers to enable them in making educated choices when determining their real estate needs.

First-time homebuyers could get $50,000 under new billThere’s a new bill on the table that could mean up to $50,000 in f...
10/16/2026

First-time homebuyers could get $50,000 under new bill
There’s a new bill on the table that could mean up to $50,000 in federal matching funds for first-time homebuyers. The proposal features a 5-to-1 match for your down payment, but it comes with a few strings attached—like required counseling and a focus on homes at or below the median price point. As someone who’s spent decades guiding buyers through every step, from prequalification to closing, I always keep an eye on how these programs play out in real-life transactions. Some are concerned this bill could push prices higher if inventory doesn’t keep pace. With my background in real estate, home building, and inspection, I always encourage buyers to look at both the opportunities and the practicalities—especially when new incentives enter the picture. If you’re weighing your options as a first-time buyer in Central Virginia, staying informed is your best first step.


https://www.housing-trends.com/agent-news/patty-arndt/2113999-First-time-homebuyers-could-get-%2450%2C000-under-new-bill

10/15/2026

New Homes Offer Better Value Nationwide
As someone who has spent nearly four decades in real estate and walked countless homesites as both a licensed Realtor and builder, I’ve seen firsthand how the value equation shifts in our market. Recently, new construction has become an especially strong choice nationwide. Builders are stepping up with price reductions and creative incentives that resale sellers often can’t match—think mortgage rate buydowns and other perks. With so many homeowners holding tight to their current mortgages, the supply of existing homes remains tight, which makes new builds stand out for buyers looking for both affordability and flexibility.

In regions with active construction, the increased supply is giving buyers more leverage and prompting builders to compete, which is good news if you’re weighing your options. It’s a reminder that comparing new and resale homes side-by-side is worth your time. But keep in mind: these affordability gains may be temporary if local permitting slows down. Continued building and streamlined local rules are key to keeping choices open for buyers across Central Virginia and beyond.

10/14/2026

Price Cuts Hit 1 in 5 Listings
With nearly four decades in real estate, I've witnessed firsthand how market shifts play out for both buyers and sellers. Recently, in late Q3, about 1 in 5 listings saw price cuts—a sign that many sellers opted to remain in the market and adjust their expectations rather than delist, which happened to under 6% of listings nationwide. Mortgage rates also climbed, with the conforming 30-year fixed moving from the high-6% range to above 7% and rising further by mid-month. As a result, active home inventory grew beyond 1.16 million, and the median listing price edged down about 1% month-over-month to $419,300. This gave buyers a bit more room for negotiation, though higher borrowing costs kept many from fully taking advantage. New listings also slipped by around 2% month-over-month to roughly 395,000. Economists are watching closely as we head into early Q4, tracking whether these tougher conditions will lead to deeper discounts, repeated price cuts, or longer selling times. As someone who guides clients through every phase of buying and selling in Central Virginia, I keep a close eye on these trends to help you navigate your next move with confidence.

10/14/2026

Patty was a huge help from beginning to end!
She is very knowledgeable about everything from the Bui...
Let’s connect and talk about the latest insights in the industry!

Call me for all your real estate needs in Central VA. 434-981-2650
10/14/2026

Call me for all your real estate needs in Central VA. 434-981-2650

10/13/2026

¿Qué cubre una garantía para el hogar y qué queda excluido?
Let’s connect and talk about the latest insights in the industry!

10/12/2026

Discover this property for $349,999—a great opportunity that truly stands out.

10/12/2026

Housing Data Gives Buyers More Leverage
As we head toward the close of Q3, the housing market continues to shift in ways that create more opportunity for buyers. Approximately 21% of all active listings have seen price reductions, and inventory has climbed to over 1.16 million homes—now within about 9% of what we typically saw before the pandemic. Buyer activity remains measured, with homes under contract down roughly 4% year-over-year for the second consecutive month. This reflects the impact of higher mortgage costs on overall affordability. The national median list price stands at around $419,000, down about 1% both month-over-month and year-over-year, making it the 11th straight month of annual declines. Price per square foot has also dropped about 2% compared to last year. Interestingly, about 6% of listings were delisted, a figure unchanged from last year, but more sellers are reducing prices and opening the door for negotiation.

With nearly four decades in real estate—and the added perspective of a builder and home inspector—I’m seeing these trends play out right here in Central Virginia. Whether you’re a first-time buyer searching for value or a long-time homeowner considering your next step, this is a season where negotiating power is shifting. The big question ahead: Will deeper price cuts encourage more buyers to sign contracts, or will increased supply and cautious demand keep us in a period of adjustment? As always, staying informed is key to making smart decisions in today’s market.

10/11/2026

Honoring the Significance of Indigenous Day

Your Home's Equity Could Be Worth More Than You ThinkAs someone who’s spent nearly four decades guiding clients through ...
10/11/2026

Your Home's Equity Could Be Worth More Than You Think
As someone who’s spent nearly four decades guiding clients through the ins and outs of real estate, I’ve seen firsthand how a home’s equity can quietly grow into a powerful resource. Equity is simply the difference between your home’s current value and what you still owe on your mortgage—but it’s often more substantial than homeowners realize. Over time, as property values rise or your mortgage balance drops, this equity can open doors: whether you’re thinking of consolidating debt, tackling renovations, covering education or medical expenses, or even investing in a business. In many cases, tapping into home equity comes with lower interest rates than other types of borrowing. My combined experience as a Realtor, builder, and retired home inspector means I’m always looking for ways to help clients maximize every advantage their property offers—whether you’re new to the market or a seasoned homeowner.


https://www.housing-trends.com/agent-news/patty-arndt/2101163-Your-Home%27s-Equity-Could-Be-Worth-More-Than-You-Think

Address

3661 Lake Monticello Road
Palmyra, VA
23038

Telephone

+14349812650

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