Welcome to Luxury For Less, a weekly column highlighting the best deals in luxury real estate. Written by Brandy Schantz of TTR Sotheby’s International Realty, Luxury For Less offers tips and tricks navigating the competitive real estate market and securing the home of your dreams. To learn more, visit ttrsir.com.
The big news last week was the Federal Reserve meeting. The Fed did not raise the benchmark federal funds rate and indicated that interest rates would remain steady.
The Fed had previously announced after the December meeting that interest rates would be raised twice in 2019. What does that mean for the mortgage markets? Mortgage interest rates are actually more related to the 10-year U.S.
Treasury note than to the federal funds rate so the overall health of the economy will be a better predictor where mortgage rates will go. Economists have predicted interest rates in the mortgage markets to be between 5-6% by the end of 2019. For now, we can expect mortgage rates to remain low.
In the Tysons area, snow and cold days kept many people indoors so this is a great week to go out and find some great homes. Here are this week’s luxury for less homes:
- 9974 Stone Vale Drive Vienna (Reduced $25,000)
- 447 Seneca Road Great Falls (Reduced $47,000)
- 680 Springvale Road Great Falls (Reduced $100,000)
- 1800 Old Meadow Road Unit #108 McLean (Reduced $25,000)
- 1002 Utterback Store Road Great Falls (Reduced $25,000)
The properties listed are a small selection of properties available in the Tyson’s Corner area. For a full list of properties listed on MLS and private exclusives, please contact Brandy Schantz.
A solar panel array has been proposed on the future HITT Contracting headquarters building at Virginia Tech’s Idylwood campus (via Fairfax County) A massive array of solar panels could provide…
The Fairfax County Government Center building (staff photo by David Taube) Local officials are already preparing for “one of the most challenging” budget talks in years due to inflation, the…
Jason’s Deli will close its Idylwood Plaza location in December (staff photo by Angela Woolsey) Jason’s Deli will close up shop for good next month after more than a decade…
Wolftrap Creek in fall (staff photo by Angela Woolsey) Route 7 Lane Shift in Reston Starts Today — “On or about Tuesday, Nov. 29, the right-turn lane from eastbound Route…
Chris Green is one of the DMV’s finest fitness instructors. A Lululemon and South Block ambassador, he is a coach and mentor to so many. He embodies grace, positivity and motivation in ways that no one else can. If we could all learn a thing or two from him, the world would be a much better place. He does so much for others, and does so with a smile on his face 99% of the time.
He recently ruptured his Achilles and has an incredibly long and tough journey ahead. As if COVID hadn’t impacted fitness professionals enough, throw this in the mix and it’s a double, even triple whammy. CG is no longer able to work and do what he loves for the time being because of this and we’d love your support.
The Rhea Baker State Farm Agency is proud to support Shelter House in providing safe places to be during quarantine. Shelter House’s mission is to prevent and end homelessness and domestic violence. Right now they are providing over 200 hotel rooms to those in need in our community. In the past year, across all programs, Shelter House served nearly 500 households comprised of over 1,500 individuals, 60% of which were children.
Of the households that exited shelter, over 70% moved to permanent housing. The Baker Agency has served Vienna and Tysons residents and business owners since 2007 and proudly offers insurance solutions for you home, condo, auto insurance, life insurance and more. We offer complimentary reviews and coach teen drivers to safer, better drivers, and to help keep your auto insurance rates down! We are always happy to talk or text at 703-847-6880.