New mixed-use communities such as One Loudoun have been attracting more and more home buyers in recent years, wooing the buyers away from purchasing pre-owned homes in older neighborhoods. With 30-year and 15-year fixed-rate mortgages now at new record lows, home buyers know that the current housing market conditions make this the most favorable time to make the investment in homeownership. Below are reasons to consider buying a new home for sale in a mixed-use new home community, such as One Loudoun.
Investment Value: The current housing market presents a great opportunity to buy in a new home community, like One Loudoun, especially since fixed-rate mortgages fell to new all-time lows last week according to the National Association of Realtors. As of October 4th, a 30-year fixed-rate mortgage has a new average record of 3.36%, dropping from the previous week’s record of 3.40%. A 15-year fixed-rate mortgage averaged a new record low of 2.69%, down from the previous week’s record of 2.73%. In comparison to this same time last year, the 30-year mortgage rates averaged 3.94% while 15-year mortgages averaged 3.26%.
Second-quarter reports from the Census Bureau show that home prices, along with sales, have continued to rise across many markets. The Zillow Real Estate Market Report from the second quarter shows that U.S. home values increased over four consecutive months and had the first annual increase in nearly 5 years. Forecasts predict that home values will continue to appreciate over the next year.
Convenience: One of the biggest draws to mixed-use communities is the convenience they offer to residents. One Loudoun has been designed to allow residents to work, shop and dine all within footsteps of every home.
One Loudoun is also convenient in terms of location. The community is conveniently located at the crossroads of Rt. 7 and the Loudoun County Parkway, just 3 miles from Washington Dulles International Airport and 25 miles from Washington, D.C.
For business, One Loudoun has an ideal location amongst the regions as well as the Country’s premier corporate headquarters, including the Nation’s most significant tech-corridor; unrivalled accessibility and leading economic trade area demographics.
The community of One Loudoun will quickly become a focal point in the region with the World Trade Center Dulles Airport, over 700,000 square feet of great retail space, a Four-star luxury hotel, and over 3 million square feet of Class A office space.
Connected Community: The new housing community of One Loudoun presents potential buyers with the opportunity to be part of a compact, walkable, mixed-use community with a vision to promote an all-encompassing lifestyle where living, working, dining, shopping, recreating and socializing are brought together harmoniously in one place.
Expanding on the principals of New Urbanism, the fundamental lifestyle elements of “harmony”, “social”, “connected”, “organic”, and “urban” are represented in One Loudoun, and resonate with buyers who are attracted to a community of sophisticated culture, want to live in a convenient location, and wish to experience connectivity both in technology and in the natural aspects of social harmony.