Thursday, December 20 2012
Salamander Resort celebrates holidays (in Middleburg, VA)
Looks like it will be a incredible resort with lots of exciting amenities!! More details at: http://www.salamanderresort.com/ Wednesday, December 19 2012
Recent headlines have created tremendous confusion regarding the foreclosure situation in the country. Let’s give an example. Which of these two headlines are accurate? Foreclosure Starts Plunge to 71-Month Low Foreclosures Increase for the First Time Since 2010 The challenge is that both headlines are 100% accurate. How can foreclosures have increased for the first time in two years and, at the same time, be at a six year low? Each headline was reporting on a different measurement. Below are the explanations for each of the measurements as per RealtyTrac’s most recent Mortgage Foreclosure Report. Foreclosure StartsForeclosure starts are the first steps taken by the bank after the borrower becomes delinquent on their mortgage payments (default notices or scheduled foreclosure auctions, depending on the state). They were filed for the first time on 77,494 U.S. properties in November. This was:
Foreclosures (Bank Repossessions)Wednesday, December 19 2012
Brambleton: Pulte Opens Models at Trent Grove Villas
Trent Grove at Brambleton just opened their new model homes that have great floorplans, beautiful stone exteriors, and have option for screened porch! Main level master bedroom is available. Wednesday, December 12 2012
Freddie: Great Expectations for Housing in 2013The housing market is expected to continue its rise in the New Year, according to Freddie Mac’s U.S. Economic and Housing Market Outlook for December. Continuing to keep home affordability low, mortgage rates will likely remain near their record lows in the first half of 2013, Freddie Mac reports. However, the all-time low rates are expected to start inching up slowly during the second half of the year. Still, mortgage rates are expected to stay below 4 percent, Freddie Mac reports. Some other forecasts for the housing market in 2013, according to Freddie Mac’s report:
"The last few months have brought a spate of favorable news on the U.S. housing market with construction up, more home sales, and home-value growth turning positive,” says Frank Nothaft, Freddie Mac’s chief economist. “This has been a big change from a year ago, when some analysts worried that the looming 'shadow inventory' would keep the housing sector mired in an economic depression. Instead, the housing market is healing, is contributing positively to GDP and is returning to its traditional role of supporting the economic recovery." Source: Freddie Mac Wednesday, December 12 2012
Wednesday, December 12 2012
Wednesday, December 12 2012
There are still those questioning whether the housing market is truly making a comeback. We have decided to graph home sales over the last two years based on the National Association of Realtor‘s Pending Home Sales Report. We believe the graph removes all doubt. The methodology for the report as per NAR: Monday, December 10 2012
November 2012 Market Trends Report: Significant Annual Gains in Loudoun County Home Sales and Pricingc/o Dulles Area Association of Realtors (http://www.dullesarea.com/) Thursday, December 06 2012
New Loudoun Hounds Ballpark (at One Loudoun) Website-Check it out!
Monday, December 03 2012
With the housing market showing signs of a recovery, sellers may think they can list their homes at a higher price and adjust if necessary. That may not be a good strategy. This is a post we ran last year by Ken H. Johnson, Ph.D. — Florida International University (FIU) and Editor of the Journal of Housing Research. To view other research from FIU, visit http://realestate.fiu.edu/. - The KCM Crew The ResearchAre there any negative effects from changing the listing price of a property? This question haunts Brokers/Agents as well as sellers of property every day. At present, there does not seem to be a consensus answer to this question within the professional real estate community. Fortunately, this question was scientifically investigated by John R. Knight. Unfortunately, few know the results of Professor Knight’s research. In Knight, the impact of changing a property’s listing price is investigated. Additionally, the types of property that are most likely to experience a price change are also estimated. The findings from this research indicate that, on average, properties which experience a listing price change take longer to sell and suffer a price discount greater than similar properties. Furthermore, bigger price changes are found to experience even longer marketing times and greater price discounts. Finally, as for which properties are most likely to experience a price change, Knight finds that the greater the initial markup; the higher the likelihood that any given property will experience a listing price change. Implications for Practice |