Lori Strickland Realtor

02/26/2023

Thanks Friends! 🤍

Congratulations Lori Strickland on receiving the BHHS Honor Society Award for 2022!

02/08/2023

In case you missed my 10 real estate market predictions newsletter. It’s right here 👆

My top 3 predictions for our Hampton Roads market 2023. 🏠🏠🏠

1️⃣ No housing bubble: This should NOT be a repeat of 2007/2008. We do not have the massive inventory, and we don’t have the sub-prime, adjustable rate, underqualified, mortgages that we had in 07/08.

2️⃣ Mortgage rates will drop…some - Rates in the 2’s and 3’s were great and likely they were, once in a lifetime low rates. The Fed will likely pull back and rates should stay in the 6’s for most of the year, maybe dropping into the 5’s in the fall. We don’t anticipate rates going up or down drastically this year.

3️⃣ More balanced market - more like 2015 - not a buyers’ market necessarily, because the inventory is so low. Most consider 6 months of inventory to be a balanced market. Meaning if nothing else came on the market, it would take 6 months to sell the inventory we have. Right now, inventory is still in the 1-2 month range.

💥💥💥This is the most important take away from this Newsletter. Real Estate should be a long-term asset. On average homes appreciate 3% per year nationally. Over the past couple of years, we’ve seen 10-15% appreciation. This was not sustainable. We will see the market normalizing, not free falling. Our market is nuanced and will vary by neighborhood. If you need to or want to move, call/text/email me. Let’s talk about your options. 💥💥💥

Our local market usually starts the Spring selling season, during the second week of March. If you are thinking about selling this year, I would encourage you to consider it in the March/April time frame while inventory is still making the buying process competitive.

05/02/2022

We made it to on Saturday, also known as The Circle of Excellence Awards Gala to celebrate the success in 2021. Thanks for the support friends! 🤍🤍🤍

03/22/2022

Wow! Thanks friends! SO grateful!

Congratulations Lori Strickland, on being a HRRA COE 2021 Platinum Award Winner!!

03/05/2022

I recently updated my home office and when I put all my office plants together, ummmm there are alot of them. They just kept accumulating during the pandemic.

I had hardwood flooring installed, painted and rearranged furniture.

Are you renovating this spring??

It is, in my opinion, still a great time to renovate. Many renovations will bring you a great return on investment. If you’re not sure about the investment potential of a renovation you’re considering, let me know, I can talk you through it.

The exception to this is…if you are over upgrading your neighborhood, and pools. Pools are really just for you and your family’s enjoyment. Buyers are 50/50 on their desire for one (although post Covid, I think we may see more people who do want a pool than don’t) and in terms of value, you don’t get back out of them what you spend on them.

02/21/2022

THANK YOU!! 🤍

Congratulations Lori Strickland Realtor on receiving the BHHS Chairman's Circle Gold Award for 2021!

01/31/2022

Hi Friends. I have a 2022 market update. The stats are below.

At the end of this video, I talk about how stressed we all still may feel. I’ll share with you that we have been recovering from covid.

When I tell you that I understand that we are all feeling stressed. We are living it with you. So many of my friends feel like living and/or parenting right now, has been the most challenging of our lives. I’ll assure you, if you feel this way, you are not alone.

I also understand how much stress is associated with moving (buying/selling). If the idea of buying or selling in the next year or two is adding additional stress for you; let’s have a chat. I can help alleviate much of that stress by simply providing you with your options so that you can make an informed decision for you and your family. No cost, no obligation for information…ever. I really consider it a privilege to help families make decisions for their family with all the information possible.

If you’re here for market stats 👇
🏠 Strong Sellers market - driven by historically low inventory and interest rates.
🏠 Some predict that Interest rates may increase by as much as 1% by the end of 2022. IF YOU ARE CONSIDERING REFINANCING…DO IT NOW
🏠 Median sales prices were up 5.5% Dec 2021. Average national appreciation is 3% per year

🏠 Predictions for 2022…
🔮I’m still not seeing any credible sources calling for a crash or bubble burst. We don’t have the same conditions as 2007/2008.
🔮 Likely inventory will begin to go up which will lead to a normalizing market with longer days on the market and more options for buyers
🔮Prices will probably continue to increase but not at the same rate as 2020/2021

With everything else going on and with the market as complicated and fast paced as it is, if I can help simplify the decisions to buy or sell for you, let me know.

01/20/2022

Friends, when I started this job six years ago, I never imagined the amount of support that I would have from my friends and family. I also never imagined that so many people would trust me to help with the buying or selling of their largest investment.

I am beyond humbled and thrilled to have helped so many people this year. I can promise you, that when you send your friends and family to me, I do everything I can to protect them through the transaction to take really good care of them.

Thank you for your trust and your support!

I have a full New Year’s market update coming soon. If you’re thinking about making a move this year, let’s have a conversation ASAP. It is a complicated and fast moving market. Feel free to reach out to however it is convenient for you, call, text email, DM. I work all over the Southside (Virginia Beach, Norfolk, Chesapeake, Portsmouth and Suffolk) and in every price range.

THANK YOU! WHAT AN HONOR. WHAT A THRILL!🤍

12/17/2021

Meeting some subcontractors at a listing to prepare for closing. Not a bad morning view. 😉

11/22/2021

I am so proud of these women and this class. We just posted some examples of boundary setting during the holidays. We talk about boundaries so much in class. It’s worth the reposting here:

✋”I’m not a hugger.”
✋”I’d prefer not to hug today”
✋ “I will not engage in a conversation about politics/religion/my relationships/my body etc etc.”
✋ “That joke was offensive. It makes me uncomfortable. I/you can not stay if you continue to tell jokes like that.”
✋ “I’m not drinking tonight.”
✋ “I am not asking for feedback on my parenting/home/career etc”
✋ “Asking someone when they are going to get married/have a baby etc is really insensitive and I’m not comfortable talking about things that are so personal for me. I’d like for you to stop asking me that.”
✋”That subject is really emotionally charged for a lot of people. I’m not comfortable discussing it right now.”
✋”No”
✋”I can’t make it to that event.”

There is no right or wrong way to set boundaries. You can change them at any time.

We have class every M/W at 7:15pm. Come join these strong courageous women anytime!

10/30/2021

🎃Market Update Fall 2021 🎃
What a year! The market has been wild in so many ways. Everywhere people are asking me if the market is still Krazy. The answer is yes, and no….let’s talk about it.

🏡Normalizing
🍁Our market is heading back to “normal” or balanced.
By all indications, this will NOT look like 2007/2008.

🏡What WILL normalizing look like?
🍁Home appreciation will come back to a balanced 3% per year. At times over the past year it was as high as 15% year over year.

🍁Interest rates should stay low through 2022. Buyers money is still going long way with low payments

🍁Longer market times and fewer multiple offers – we’re already seeing this.

🍁More inventory

🏡What does it mean if you’re considering selling
🍁You haven’t missed the boat. Prices probably are at their peak for a while, so it’s a good time to sell.

🍁You must get your home ready to list. This includes Probably removing ½ of your belongings, painting, staging, deep cleaning, etc.

🏡What does it mean if you’re considering Buying?
🍁Buying conditions are improving so it may be time to get preapproved, and start casually looking.

🍁Lets talk and make sure that your expectations are in line with market conditions

🎃Give me a call if you’re thinking about buying, selling, or just need more information. I’m here to help! 🎃

09/26/2021

I ❤️ Hampton Roads


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