FINE NEST SEPTEMBER 2022 NEWSLETTER

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​Goodbye Sunlight Goodbye sunlight, we hardly knew you. The autumn equinox of 2022 is marked for September 22nd. This day pinpoints the approximate equal hours of daylight and darkness before the sun steadily sets a little earlier each day as the fall season creeps in. What's even worse is the end of daylight savings time will be here before we know it making afternoons feel like evening time even earlier. On the bright side, congress passed the Sunshine Protection Act back in March in the hopes of making daylight savings time permanent by November of 2023. According to the Sleep Foundation, the bill still has to pass in the House and get signed by the president before it can become law. With a little over a year left on congresses watch, this will hopefully be the last year everyone has to endure such a time switch.  Regardless of when the sun rises or sets, Fine Nest is keeping on top of all the market changes and everything autumn has to offer in the upcoming fall festivities that are already starting to attract the masses. Check it all out in the market update and events sections! Fine Nest gladly provides the most up-to-date real estate information and local resources we hope are useful to you and your loved ones as we continue to navigate the real estate market.    The Latest News September Market Metrics Report   Will Home Sale Prices Decrease? With the market slowing down faster than a speeding ticket can be served, buyers everywhere are wondering if home sale prices will substantially decrease anytime soon. Short answer - don't count on it. Living in the aftermath of the historically hot sellers market in high demand areas such as NOVA /DC and southern MD has created a paradox of sorts. Reported by the NAR, we're seeing a recession in the decline of national home sales and new construction homes, but we are not seeing a recession in home sale prices. To explain this paradox, we have to go back to the height of the sellers market (2020 - spring 2022). During this time interest rates were low and that was coupled with low inventory meaning that buyers had the financial leverage to place higher offers on homes to win bidding wars. Unsurprisingly, sellers were accepting those higher offers, and over time, higher home sales resulted in neighborhoods across the area seeing an increase in home value. When neighborhood value increases, new listings that follow will be priced higher. In areas such as ours, location and consistent housing demand are likely to keep home values up if not steady. What this means is that the most realistic prognosis for the current market is that home values will likely hold, but it will be harder for homeowners to sell their homes given the current decrease in buyer demand. To be clear, we're not saying that home prices won't go down at all. The market report shows price drops are already affecting counties in NOVA and MD, but these changes are more characteristic of a market stabilization than a widespread decrease in value.  Preparing Your Home for Winter The first cold snap is right around the corner. Ensure your home is ready for the winter chills with this helpful fall home maintenance checklist. Fall Decorations on a Budget Kathryn from her "Do it on a Dime" YouTube channel is back with great ideas on how to make your home look like a fall catalog on a budget. She shows all of the best ways to DIY fall/Halloween decorations from non other than the Dollar Tree. Learn how to DIY beautiful wreaths, entry way decorations, and so much more in her latest fall Dollar Tree DIY hacks video!  September/ October Events Across NOVA & MD September is a month dedicated to celebrating the end of summer and welcoming autumn. See all there is to do around your area! Mosaic Skateland  Falls Church, VA This is your last month to enjoy the old-school outdoor skate rink before Mosaic Skateland closes for the season Buy Tickets HERE Richmond Folk Festival Richmond, VA  October 7-9 Attend one of Richmond's biggest & FREE music festivals featuring lots of Folk and Traditional Art performers Event Details HERE Maryland Renaissance Festival Annapolis, MD Weekends in August - October The Renaissance Festival needs no introduction. Enjoy everything from medieval food, dancing, entertainment and much more! Buy Tickets HERE September/ October Events Continued Oktoberfest's (in September) Around the Area Wheatland Spring  Waterford, VA Middleburg Octoberfest  Middleburg, VA Lovettsville Octoberfest  Lovettsville, VA Octoberfest at Schifferstadt  Frederick, MD Das Best Octoberfest  Baltimore, MD Reston Multicultural Festival Reston, VA  September 17th Enjoy Reston's annual multicultural festival by eating great food, shopping from local artisans & relaxing by Lake Anne Event Details HERE view this email in your browser Copyright © *|CURRENT_YEAR|* *|LIST:COMPANY|*, All rights reserved. *|IFNOT:ARCHIVE_PAGE|* *|LIST:DESCRIPTION|* *|END:IF|* Our mailing address is: Kelly Martinez of Coldwell Banker Realty 2070 Chain Bridge Road, Suite 103, Vienna VA 22182 Want to change how you receive these emails? You can update your preferences or unsubscribe from this list. *|IF:REWARDS|* *|HTML:REWARDS|* *|END:IF|*