Have you heard the news? The Cicadas are coming...billions of them.
One of the largest Broods of Periodic Cicadas, Brood X (10), is due to begin its mating season on the East Coast this summer after having lived underground for 17 years.
If the thought of having hundreds of thousands of red eyed cicadas roaming the outdoors this summer makes you uneasy, you're not alone. For those who were around during the early 2000's, some will remember when the last Brood X cicadas descended upon Northern Virginia in spring/summer 2004. At that time, NOVA was covered by these not so tiny and loud insects. The males sang their mating songs from the tree tops day and night. Brood X covered lawns, sidewalks and roadways by the thousands. Parks, playgrounds and other outdoor areas were enjoyed with caution. While other, more adventurous individuals, observed these insects in awe and fascination. However, despite the inconveniences these cicadas caused in the past, they are harmless and extremely friendly creatures. In fact, Brood X cicadas are even edible! So don't be surprised if you see your local robin munching on some yummy cicada meat.
Brood X's largest swarm is scheduled to emerge from late May to early June of this year and is projected to cover as many as 15 states! Virginia and Maryland included. Despite these projections, scientists warn that climate change may trigger the cicadas to arrive earlier in April as warmer soil temperatures may affect their mating cycle.
Nevertheless, the best way we can host Brood X is by giving them their space. Brood X arrives for only one season of mating every 17 years. In their short time here, their survival hinges on successfully passing on their genes to the next generation. So if these cicadas scare you, just remember that they pose no harm to humans. They will even sit in the palm of your hand if you're bold enough to touch them. To find out more information about these amazing insects, watch entomologist Mike Raupp's 2004 appearance on PBS HERE! Or click on the kid-friendly educational video below!
Fine Nest gladly provides the most up-to-date real estate information, along with COVID-19 updates, and other resources we hope are useful to assist you and your loved ones continue navigating this unusual time.
Learning for kids - Educational Video on Brood X Cicadas
The Latest News
April Market Metrics Report
Last month, Fine Nest discussed the Biden Administration's extension of forbearance and foreclosure relief programs meant for homeowners hit with financial burden during the ongoing COVID-19 pandemic. With the extensions for these relief programs expected to expire on June 30, 2021, Fine Nest has put together a list of options that borrowers can consider come July:
Forbearance Extension: For those in their first forbearance period, one may qualify for an extension on the mortgage. Fine Nest recommends reaching out to your loan supervisor to see what your best options are.
Loan Modifications or Short-Term Payment Plans: For homeowners anticipating to start paying their mortgages in full come July, owners can set payments up in a few different ways that will include paying off the months of forbearance accrued. Owners can either pay in a one lump sum, set up a short-term payment plan on top of their monthly mortgage, or make a loan modification that would help keep mortgage payments consistent in the coming months.
Selling Your Home: For homeowners still anticipating to struggle to make mortgage payments in July, don't let your home foreclose! There are options for you. If you're willing to sell, speak with your loan supervisor to see what the best financial options are for both selling your home and finding a new living situation. Fine Nest can also make cash offers for anyone interested in selling their home quickly.
March has shown us that inventory has picked up, but only slightly. Home prices are still holding out competitively high in the NOVA area. Fine Nest still encourages home owners looking to sell their homes to take advantage of this competitive market and obtain the best value on their homes. Buyers are still encouraged to take advantage of the lower interest rates before they go up again. The competition remains extreme and it's recommended buyers should anticipate potentially placing multiple offers to purchase their dream home.
Lenders are Tightening their Standards, Why?
According to the Wall Street Journal, lenders are tightening their mortgage loan standards for more reasons than just the COVID-19 pandemic.
The US has now administered more than 63 Million COVID-19 vaccines nation wide. Track your states vaccine distributions HERE
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For up to date COVID-19 info from Fairfax County...text FFXCOVID to 888777.
Earth Friendly Changes You Can Make Today
In honor of Earth Day, Fine Nest is bringing awareness to the global plastic pollution problem. Here are some tips on how to reduce plastic consumption:
Invest in Re-Usable Produce Bags: Don't just stop at buying re-usable grocery bags, take it one step further. Not only are plastic produce bags wasteful,they don't let your food breath! Try switching to re-usable produce bags and see how much money you'll save on all that longer lasting produce
Switch to Shampoo & Conditioner Bars: Shampoo and conditioner bars not only smell good, they also don't produce any waste since they come in recyclable packaging!