Kassandra Cardozo - Associate Broker

08/17/2024

Is Affordability Starting To Improve?

Over the past couple of years, a lot of people have had a hard time buying a home. And while affordability is still tight, there are signs it's getting a little better and might keep improving throughout the rest of the year. Here’s a look at the latest data on the three biggest factors affecting home affordability.

1. Mortgage Rates

Mortgage rates have been volatile this year, bouncing around from the mid 6% to low 7% range. But there's some good news. Data from Freddie Mac shows rates have been trending down overall since May. When rates decline, it's easier to afford the home you want because your monthly payment will be lower. Just don’t expect them to go back down to 3%.

2. Home Prices

The second big thing to think about is home prices. Nationally, they’re still going up this year, but not as fast as they did a couple of years ago. As Odeta Kushi, Deputy Chief Economist at...

En los últimos años, muchas personas han tenido dificultades para comprar una casa.

08/16/2024

3 Reasons To Move in Today’s Shifting Market

The housing market is in a transition. And that gives you 3 key opportunities going into the fall. There are more homes actively for sale. Builders are motivated to sell, so a newly built home may be more achievable than you think. And mortgage rates have come down from their recent peak. If you’re ready and able to buy, you may find the housing market this fall a bit easier to navigate. Let’s connect to get started.

El mercado de la vivienda se encuentra en una transición. Y eso le da 3 oportunidades claves al entrar al otoño.

08/15/2024

What Credit Score Do You Really Need To Buy a House?

When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle. Think of it like your financial report card that lenders look at when trying to figure out if you qualify, and which home loan will work best for you. As the Mortgage Report says:

"Good credit scores communicate to lenders that you have a track record for properly managing your debts. For this reason, the higher your score, the better your chances of qualifying for a mortgage."

The trouble is most buyers overestimate the minimum credit score they need to buy a home. According to a report from Fannie Mae, only 32% of consumers have a good idea of what lenders require. That means nearly 2 out of every 3 people don’t.

So, here’s a general ballpark to give you a rough idea. Experian says:

“The minimum credit score needed to buy a house can range from 500 to 700, but will...

Cuando está pensando en comprar una casa, su puntaje de crédito es una de las piezas más grandes del rompecabezas.

08/13/2024

Affordability has been a challenge for a while now.
There are three main factors that impact it: mortgage rates, home prices, and wages.
Here’s the good news. There are early signs that all three are starting to improve. Mortgage rates are coming down, home price growth is moderating, and wages are going up.
If you’re thinking about kicking off your search, DM me.

08/10/2024

Home Inspections for Sellers: How To Prepare

Wondering how to get your house ready for the inspection? You may want to do some select repairs before listing to get ahead. To decide what's worth tackling, you need expert advice. Let's chat so you know what to prioritize.

08/09/2024

Have you heard the good news?

Mortgage rates are down a full percent from their recent peak.

And if higher rates were the biggest thing keeping you on the sidelines, this may be exactly what you were waiting for.

If you’re ready to jump back into the market, DM me.

08/08/2024

Thinking about selling, but not sure where you’ll go?

The good news is the supply of newly built and existing homes for sale has grown this year. That gives you more options – each with their own perks.

So, which will you choose? A charming existing home or a shiny new build?

Let me know which features you’re looking for in your next home. Drop your answer below.

08/06/2024

3 Reasons Why We’re Not Headed for a Housing Crash

Back in 2008, there was an oversupply of homes for sale. Today, there’s an undersupply. The three main sources of inventory show this isn’t like the last time. Existing homes, new homes, and foreclosures are all way below the levels we saw during the housing crash. Inventory data shows there just aren’t enough homes available to have a repeat of what happened back in 2008.

En 2008, hubo un exceso de oferta de casas para la venta. 

08/03/2024

During the pandemic, home prices soared due to high demand coupled with low inventory and mortgage rates. But that rapid appreciation couldn’t last forever.

Now, data confirms prices are still rising, just more moderately.

This healthier pace is actually a good thing. It means home price growth is normalizing.

DM me if you want more details on prices in our area.

08/02/2024

3 Graphs That Show We’re Not Headed for a Housing Market Crash

Back in 2008, there were too many homes on the market. Today, it’s just the opposite. The three main sources of inventory show this isn’t like the last time.

08/01/2024

Trying to decide if you want to sell or rent out your house once you move?
There’s a lot to consider – especially when it comes to figuring out if the profit is really worth the potential pains you might come up against.
Pro tip: Talking to another landlord plus professionals (like me) can help you decide what’s best for you and your situation.

07/30/2024

How the Economy Impacts Mortgage Rates

As someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what's ahead.

One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t directly control mortgage rates, they do control the Federal Funds Rate.

The relationship between the two is why people have been watching closely to see when the Fed might lower the Federal Funds Rate. Whenever they do, that’ll put downward pressure on mortgage rates. The Fed meets next week, and three of the most important metrics they’ll look at as they make their decision are:

1. The Rate of Inflation
2. How Many Jobs the Economy Is Adding
3. The Unemployment Rate

What Does This Mean Moving Forward?

While mortgage rates are going to continue to be...

Como alguien que está pensando en comprar o vender una casa, probablemente esté prestando mucha atención a las tasas hipotecarias y preguntándose qué le espera en el futuro.

07/27/2024

Inflation is cooling – and that’s a good sign for mortgage rates.
As the rate of inflation gets closer to the Fed's target of 2%, they may lower the Federal Funds Rate. When they do, mortgage rates are likely to respond.
But this isn't the only factor at play. For the latest updates on what’s happening, follow me.

07/26/2024

Unlocking the Benefits of Your Home Equity

Home equity is the difference between how much your home is worth and how much you owe on your mortgage. And for most people it’s gotten a big boost in recent years, thanks to rising home prices. If you want to find out how much equity you have, reach out for a professional equity assessment report.

07/25/2024

A Newly Built Home May Actually Be More Budget-Friendly

If you’re in the market to buy a home, there’s some exciting news for you.

Here are two key reasons working with your agent to look into new home construction could help you find a more budget-friendly option.

Reason 1: Lower Median Prices for Newly Built Homes

The median sales price for newly built homes is lower than the median sales price for existing homes today. This might seem surprising, but it’s true according to the latest data from the Census and the National Association of Realtors (NAR).

Why is that? Builders are focused on building what they can sell. And right now, there’s a very real need for smaller and more affordable homes – so that’s what they’ve been bringing to the market.

Reason 2: Attractive Incentives from Home Builders

Another big reason to consider a newly built home is the range of incentives that many home builders are offering...

Si usted está en el mercado para comprar una casa, hay algunas noticias emocionantes para usted.

07/24/2024

Wonderful!

Grocery bags, produce bags and bread bags are among the types of plastic films that can now be recycled in Montgomery County.

07/23/2024

Having a hard time finding a place to call home in your budget?

Thousands of Americans are on the move in search of better affordability.

That’s because broadening where you're looking could help you find somewhere your money takes you a little further.

07/20/2024

The Biggest Mistakes Homebuyers Are Making Right Now

Some of the biggest mistakes homebuyers are making right now are putting off pre-approval, holding out for perfection, and buying more than they can afford. The best way to avoid making these mistakes? Hire an agent who knows today’s market and how to help you navigate it.

07/20/2024

For Rent! For Rent!
❗41936 BERYL TER. ALDIE, VA 20105
🛌 4 | 🛀 3.5 | Laundry Room | Deck |Fenced Patio | 2 Car Garage

Welcome to your future home! This exquisite townhouse, available for occupancy starting August 8th, 2024, boasts a sophisticated brick front exterior and offers a perfect blend of style and comfort. .

Spacious Layout: This meticulously designed townhouse features 4 bedrooms and 3.5 bathrooms spread across three levels, providing ample space for comfortable living.

Luxurious Owner's Suite: Ascend to the upper level to discover the lavish owner's suite, complete with a generously sized principal bathroom, providing a serene retreat after a long day. Two additional bedrooms, a full bathroom, and a convenient laundry room complete this level, ensuring convenience and functionality. -

Modern Main Level: The main level welcomes you with an inviting living room, elegant dining room, and a breakfast area conveniently located off the kitchen. The kitchen island offers ample space for culinary adventures, while the large deck and fenced patio provide perfect spots for outdoor relaxation and entertainment. ------

Versatile Lower Level: Descend to the lower level to find a spacious walk-out basement featuring a full bedroom and bathroom, ideal for guests or as a private office space. Cozy up by the fireplace in the family room, creating cherished memories with loved ones. ----

Parking: Enjoy the convenience of a 2-car garage and a driveway with 2 additional parking spaces, ensuring ample parking for residents and guests..

Amenities: Outside pools, gym, club house, Tot Lots, soccer field, basketball field.

Tenant Requirements: Please note that this property is pet-free and smoke-free. We are looking for a 2-year lease agreement with tenants who have excellent credit (700+). Repair fee $100------

Don't miss the opportunity to make this remarkable townhouse your new home! Contact us today to schedule a viewing and begin your journey towards upscale living.

Kassandra Cardozo
☎️ 240-426-4236
ASSOCIATE BROKER,
​Seller Representative Specialist (SRS)
GRI, CRS, MRP, CIPS, PSA,
Spring Hill Real Estate, LLC
O: 703.891.4520
Equal Housing Opportunity

07/20/2024

OPEN HOUSE - Sunday, July 21st From 1-4pm
❗637 Orleans Pl NE, Washington, DC 20002
🛌 2 | 🛀 2.5 | Laundry Room | Deck |Fenced Patio | Near Metro
PRICED TO SELL!!!
Location! Location! Location! Spacious! Spacious! Spacious! Near Metro Station.
Step inside this bright and spacious 1,692 square foot home, one is immediately greeted by enduring touches, from the welcoming exposed brick in the hallway to the elegant wood floors that gracefully span the entirety of the space. The south-facing back deck, basking in sunlight year-round
For culinary enthusiasts, the kitchen is a true delight, boasting stainless-steel appliances, a convenient prep island, and a charming window perfect for cultivating fresh herbs. This open layout seamlessly transitions into a spacious dining room and living room, ideal for hosting gatherings and fostering cherished memories with loved ones. Additionally, there is a conveniently located half bathroom, enhancing practicality and comfort for guests and residents alike.
Venturing upstairs reveals an abundance of natural light streaming in through skylights, casting a mesmerizing glow throughout the hallway. A unique lightwell graces the lower level and bathrooms upstairs, infusing an additional brightness—a rarity that distinguishes this home. Indulge in the luxurious baths, where one offers a glass rain shower and the other presents a clawfoot soaking tub for the ultimate relaxation. With the laundry room conveniently situated upstairs along with 2 large bedrooms practicality seamlessly intertwines with comfort.

Seize the opportunity to make this unique gem your own a harmonious blend of comfort, convenience, and neighborhood charm awaits at 637 Orleans Pl. with the metro station just half a mile away and Gallaudet University across the street, accessibility is unparalleled. Contact the Listing Agent today to schedule your tour and discover the allure of this exceptional residence.

Kassandra Cardozo
☎️ 240-426-4236
ASSOCIATE BROKER,
​Seller Representative Specialist (SRS)
GRI, CRS, MRP, CIPS, PSA,
Spring Hill Real Estate, LLC
O: 703.891.4520
Equal Housing Opportunity

07/19/2024

The Biggest Mistakes Homebuyers Are Making Right Now

Want to know the biggest mistakes homebuyers are making today? They include everything from putting off pre-approval for too long, holding out for the perfect home, buying more than they can afford, and skipping out on hiring a pro. Let’s connect to make sure you have a pro on your side who can help you avoid these mistakes.

¿Quiere saber cuáles son los errores más grandes que están cometiendo los compradores de casas actualmente? 

07/18/2024

Did you put off your home search because the market was too intense?

Here’s some good news: buyer demand is easing and inventory is growing. This means you may be able to avoid being in a multiple-offer scenario.

Want to learn more about the opportunities buyers have in the second half of this year? DM me.

07/16/2024

The Price of Perfection: Don’t Wait for the Perfect Home

In life, patience is a virtue – but in the world of homebuying, waiting too long in hopes of finding the perfect home actually isn't wise. That’s because the pursuit of perfection comes at a cost. And in this case, that cost may be delaying your dream of homeownership.

The Cost of Holding Out for Perfection

Nothing in life is ever perfect – and that's true when you search for a home too. Unless you’re building a brand-new home from the ground up, chances are there are going to be some features or finishes you wouldn’t have picked yourself.

But here’s the trade-off you'd be making without even realizing it. In all that time you’d spend searching for the perfect place, you’d overlook a lot of homes that would’ve worked for you.

It’s Time To Redefine Perfection

Especially with affordability and inventory where they are today, buying a home that needs some...

En la vida, la paciencia es una virtud, pero en el mundo de la compra de una casa, esperar demasiado con la esperanza de encontrar la casa perfecta en realidad no es inteligente.

07/13/2024

Ready to retire? Downsizing can simplify your life.
From less maintenance to financial savings, there are many perks to opting for a smaller home.
Plus, your equity can help make it happen.
Ready for the next step? Let’s chat and explore your options.

07/12/2024

How Do Presidential Elections Impact the Housing Market?

How do presidential elections impact the housing market? Data shows Presidential elections only have a small and temporary impact on the housing market. If you have questions about what this means for your move, let’s connect.

07/11/2024

Seeing headlines about foreclosures rising? Don’t worry.
That’s only compared to years when foreclosures were at a record low.
We're still below what we’d see in a more normal year.
And, if you compare today to what happened during the crash, we’re nowhere near what we saw back then.
Got questions? Drop them below.

07/09/2024

Thinking of selling? You can’t just pick any price.

With moderating demand and a growing number of homes for sale, your asking price matters even more right now.

Buyers have more options, and they’re not going to look at a home that’s overpriced.

Want to price your house so it stands out and avoids a price cut? With my local market expertise, we can find the right price.

07/06/2024

Things To Avoid After Applying for a Mortgage [INFOGRAPHIC]

There are a few key things you’ll want to avoid after applying for a mortgage to make sure you’re in the best position when you get to the closing table. Don’t change bank accounts, apply for new credit, make any large purchases or transfers, and don’t co-sign loans for anyone. Here’s a good rule of thumb. Always connect with your loan officer before making any financial decisions once you’ve started the mortgage process.

Hay algunas cosas clave que querrá evitar después de solicitar una hipoteca para asegurarse de estar en la mejor posición cuando llegue a la mesa de cierre.

07/05/2024

What To Avoid After Applying for a Mortgage

If you’ve already applied for a mortgage, there are some things you’ll want to avoid doing. So, contact your loan officer before making any financial moves or decisions. 

07/04/2024

Homeownership: The Heart of the American Dream

Everyone’s vision for the future is personal and unique. But for many, common goals include success, freedom, and prosperity — values closely tied to having your own home and the iconic feeling of achieving the American Dream.

So, why is buying a home important to so many today? One reason is the financial and physical security it provides. Many people see homeownership as a way to reduce stress because owning a home with a fixed-rate mortgage stabilizes what is likely their largest monthly expense.
Another factor is the potential for building wealth. That’s because, over time, homeowners gain equity as they pay down their mortgage and as home prices appreciate, leading to longer-term financial stability.
But what about the responsibilities that come with owning and maintaining a home? According to a survey by Entrata, only 23% of renters feel homeownership is too much...

La visión del futuro de cada uno es personal y única.