Wednesday, January 02 2013
Wednesday, January 02 2013
Every year-end housing report revealed that the real estate market is recovering quite nicely. Here is a quick synopsis of each: Existing Home Sales Report
Pending Sales Report
New Home Sales Report
Case Shiller Home Price Index
Tuesday, December 25 2012
Thursday, December 20 2012
Oatlands Plantation in Leesburg - Dec 21-23 "Christmas Cookies & Fireside Tales"
http://stagecoachtc.com/ 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
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