Deal of the Week: A Cozy Log Cabin in Afton

🏡 Deal of the Week: A Cozy Log Cabin in Afton

I’ve got a soft spot for log homes—probably because I grew up in one back in Utah. So whenever a new one hits the market, I have to share it.

📍 2319 Afton Mountain Rd, Afton, VA

1 Bedroom | 1 Bathroom
821 Square Feet
3.58 Acres of Wooded Bliss
Just Listed | $450,000
Listed by Howard Hanna Roy Wheeler

If you're dreaming of a peaceful retreat surrounded by trees and the sound of nature, this little cabin could be your perfect escape.
👉 View the MLS Listing

📉 What I’m Following: Interest Rates After the Stock Market Dip

Earlier this week, someone in my group chat said, “The stock market’s tanking—shouldn’t interest rates be lower now?” So I dropped a little knowledge:

“Mortgage rates follow the 10-year Treasury yield. That relationship has been doing a slow dance for 40+ years. When the 10-year yield drops (like after a market sell-off), mortgage rates can go lower. But there’s a catch—spreads. That’s the risk premium lenders add to protect themselves. So even if the yield drops to, say, 4.13%, with mortgage rates at 6.7%, that’s a 2.57 spread. And lately, those spreads have been getting worse.”

Long story short:

If the Fed drops rates and the 10-year yield dips into the 3% range, we could see mortgage rates around 6%.
That 6% sweet spot might finally encourage more sellers to list, which would really help the market.
But don’t hold your breath for anything in the 5s or 4s anytime soon.

🏘️ What the Local Market Is Doing

Let’s break it down with some fast facts. Things are still moving quickly—blink and you might miss your dream home!

Charlottesville Area

Homes Listed This Week: 82
Last Week: 55
Median Sold Price: $575,000 (up from $525K last week)
Inventory: 2.9 Months (down from 3.2)
Days on Market (Median): Just 5 Days—homes are moving in a weekend!

Augusta County, Waynesboro & Staunton

Homes Listed This Week: 49 (up slightly)
Median Sold Price: $316,214 (down a bit from $325K)
Inventory: 2.25 Months (up from 1.79)

Current Mortgage Rate

30-Year Fixed Conventional: 6.75% (last week was 6.60%)

🍽️ Local Spot I’m Randomly Excited About: Texas Roadhouse

I know, I know—random. But I’ve never been, and suddenly I need to go. Maybe it’s the bread rolls? Or the fact that there's one in both Charlottesville and Harrisonburg? Whatever the reason, when I do go, I’ll make a social reel out of it.
(Sorry, build-to-rent subdivision news—you got bumped this week by steak.)

💭 My Final Thoughts: Should You Buy a House Right Now?

When someone asks, “Should I buy a house?”
Here’s my honest take:

“No, you personally shouldn’t... unless you’re ready.”

And here’s what “ready” looks like:

You’re pre-approved
You’ve got your down payment saved
You’ve been actively house hunting

If that’s you, go for it! You’re not trying to time the market—you’re setting yourself up for a long-term home (think 5–10 years). The market will always shift, but a well-timed move based on your personal goals? That’s smart.