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When Norfolk residents Sarah and James set out to move closer to James’s new engineering job in Newport News, they expected to trade up from their 1,600‑square‑foot ranch. But when their lender quoted payments on a $450,000 house at more than six‑percent, the couple realized the numbers didn’t add up. “We refinanced to three percent in 2021,” Sarah said. “Doubling our rate just to gain a spare bedroom didn’t make sense.” That calculation is familiar across Hampton Roads. Homeowners who locked i…
続きを読む>>Douglas Hoven: Navigating Virginia’s High-Rate Housing Market
