Hi there! –
Today we’re talking about:
🍜 What I’ve Been Loving Lately – Hot Pot in RVA!
Have you gotten on the HotPot/Korean Barbecue train? It’s one of our faves (and great for a group) since it’s fun and interactive, and everyone can do their own thing. Now, there’s a new one in town! QPot is located right in the heart of Short Pump, by the mall, and you can really customize your meal here. Instead of bringing things to your table, you get to peruse loads of buffet style options for meats, fish, vegetables, noodles, and more for your broth or barbecue. Check out my recent visit HERE.
📈 What’s the Market Doing?
There’s definitely some good news on the horizon if you’re thinking of buying a home! Interest rates last week hit their lowest point in the past year, with 30 year conventional fixed mortgages dipping below 6.5%. In more good news, the Fed has given indications that they’re likely to cut rates when they meet again in September. Finally!
But what does that mean if you’re selling? Well, while a lot of the frenetic multiple offer situations have cooled, homes are still selling at a good clip. If you’re familiar with the concept of “absorption rate” or months’ supply, that states that we are “balanced” in our market with 6 months of inventory. We are still at between 1.5 and 2 months of inventory (which means our inventory is still low- in other words, it’s still a good time to sell. The important thing is pricing reasonably for the market, rather than trying to “shoot the moon” for the price.
Obviously every market, area, neighborhood, and yes, house, is different. If you have questions, I have answers. Just reach out!
🗓️ What’s Happening Around RVA?
If you’re getting a little tired of the heat and humidity of the Richmond summer, you’re not alone! There are still lots of things to do, thought, and plenty of ways to take advantage of the last few weeks of no school, late sunsets, and warm weather. Check out the next few weeks of August RVA “must do’s” HERE. Which ones are getting on your calendar??
Do you have home questions, need contractor referrals, or are you (or someone you know) thinking of buying or selling a home in the Richmond area?
Reach out! I’d love to help. In the meantime, follow me on social!
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