March 2019 Real Estate Market Outlook

Here is the March 2019 Market Outlook for Virginia Beach and the surrounding areas of Hampton Roads. More information can be obtained from The Real Estate Information Network. Read more here….

Cities	Median Residential Sales Price
Norfolk Virginia Beach Portsmouth Chesapeake Suffolk Hampton Newport News	$206,750 $256,900 $149,300 $272,250 $240,000 $160,000 $168,500

THREE TRICKS TO GET YOUR FINANCES IN SHAPE

You’d prefer to buy a home, but you’ll need money for a down payment and other costs involved with buying a home. How can you do it? Here are 3 approaches that will work to get you financially ready.

1. Spend less.

Nobody likes being on a diet. However, we know that in a short time we’ll love the results. For instance, buying 1 cup of coffee a day it can run up a couple of hundred dollars over the course of a year. Likewise, monitoring your spending habits will help you see where money is going so you can stop the bleeding so you can reach your goals quicker.

2. Save more.

Review your month-to-month expenses to see where and how much you can save, then using automatic bill pay to put the money into a short-term savings account, CD account or other type of account on a regular basis. Use this savings exclusively for buying a home.

3. Pay off revolving debts.

Get tough with yourself (just a little bit). Leave the debit cards at home. If you have the money pay down credit card balances. Start with the smaller card first and as you pay off that card and apply the money to the next card for a snowball effect.

For motivation, create a vision board that describes your dream home and strategies to keep your goals of buying a home top of mind. You’ll be pleasantly surprised at how quickly you can make your dreams happen.