Here is a quick glance at what I see in the RVA single family housing market.
Pro- RVA has steady growth mostly coming from the Northern Va region.
Con- Mortgage Rates continue to hover between 6%-6.5%
Pro – Some surrounding counties & pocket neighborhoods have appreciation
Con – ditto some have depreciated including high end areas.
Pro – Its spring which always helps move houses
Con- Iran War also during spring hurts mortgage rates , pocket books (gas) and adds uncertainty
Pro – there are buyers out there
Con – studys show they want outdated houses renovated completed before moving in
Pro – while most of the country is in a “con” real estate mode. RVA is in a 50/50 mode