With Thanksgiving a little more than a week away, Turkey Trot’s are springing up all over the United States. These footraces are held on or around Thanksgiving
The Ashburn “Red Hot” Market continues. The total sales volume year over year is up 52%, while sold units are up 38%, and the average
Even though there was a nearly 114% increase in new listings, the real estate market in Bristow is still in the “Seller Zone”. Buyers have
How many times are you going to hear “You may be missing the boat if you want to buy real estate”? Yes, interest rates are
20147 and 20148 The Ashburn market is “Red Hot!” The total sales volume year over year is up 63%, sold units are up 47%, and
Buyers are asking, “Where can I find a home to buy in Northern Virginia”? That’s a good question, and I have the answer – “New
The air has been crisp and cool in Washington this past week signaling that the month of October has finally come into its own. As
Gotta love those economists! A couple of months ago they were all on TV talking about the dreaded “Double Dip” for real estate. Now the local DC area economists are starting to talk about the impending housing shortage and what it is already doing to house prices. So what is the lesson here? Don’t listen to the experts. When you are ready to own your own place, or go buy a bigger one, Like Nike says, “Just Do It!”
Folks worried about falling prices and those wanting to make ridiculously low offers on real estate should look at the statistics. Prices bottomed out two years ago and having been moving up slowly and steadily since. The steal deals are long gone.
For close to a year, I have been saying that prices in Centreville were continuing to move up after prices bottomed out in December 2008. The increase in confidence paired with amazingly low interest rates fueled a growing trade up market where existing homeowners with equity started selling their house to buy a bigger one. This has helped pull up the average sales price.Even with only a four and a half month supply of houses, I expect the second half of this year to have fewer transactions than the first half because the First Time Homebuyer Tax Credit distorted the market.