Fannie Mae and Freddie Mac are now accepting loans that have a 97% Loan to Value (LTV) Ratio.That
means buyers only need to put 3% down when purchasing a new home but there are some restrictions.

. The loan must be a 30 year fixed rate mortgage.
. The depending on the buyer's qualifications they might need to have
reserve funds that guarantee the ability to make the payments for several
years.  These reserves may be provided as gifts.
. Only 1-unit primary residences are eligible (e.g. single family homes,
town houses,condos, planned urban developments (PUD)).  NO INVESTMENT
PROPERTIES
. At least 1 borrower on the loan must not have owned any residential
property in the previous 3 years
. There is no income limit
. There is no pre-or post-purchase home buyer counseling required

This is a great opportunity for those who want to take advantage of the super low interest rates
and don't have significant savings.  Talk to a lending professional to get the full details.  Contact me if
you need help finding a good Lender.  I work with many great lenders who will provide
you with everything you need.

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

According to the Dulles Area Association of Realtors (DARR) home prices in Loudoun County have risen an
average of 3.3% since last year.  Though this area has gotten use to larger annual increases, it is typical for home
prices to only outpace inflation by a few percentage points and inflation has been reported to be 1.7% for the year.

National forecasts for home prices indicate values will increase 3 - 6% annually over the next 5 years. 
Which isn't too bad considering the average savings account is earning about one tenth of 1% (.10%).

Read more...

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

Now that the FED has stated that it will likely begin to raise interest
rates in 2015 many are concern that higher rates will mean lower home
prices since buying power will be reduced.  To some degree that is true
but exactly what happens depends a lot on the overall health of the
economy.  If people are employed and have job stability they will buy
homes.  The increased demand will subsequently increase prices as
inventories drop. It becomes a function of supply and demand.

There have been many times in recent history where the interest rate has
increased significantly with home prices following them.

Given that we are in one of the most resilient economies in the country it
is very unlikely that a slow rise of rates will have little impact on home
prices.

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

Click the following URL to see the Open houses for this weekend Dec13-14 in Loudoun County:
http://mrislistings.mris.com/DE.asp?ID=60523581268

ASHBURN:
Click the following URL to see the Open houses:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?ID=60523658417

STERLING/POTOMAC FALLS:
Click the following URL to see the Open houses:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?ID=60523702694

CHANTILLY/ALIDE:
Click the following URL to see the Open houses:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?ID=60523706123

LEESBURG:
Click the following URL to see the Open houses:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?ID=60523681291

WESTERN LOUDOUN:
Click the following URL to see the Open houses:
http://mrislistings.mris.com/DE.asp?ID=60523711327

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

The Salamander Resort in Middleburg, VA has plans to sell 49 "Estate Homes".  The homes will begin selling in 2015 in phases of 10 to 12 with delivery sometime in 2016.  All home will back to a 200 acre conservation preserve.

There is also a plan to sell Village Homes closer to downtown Middleburg but a date has not been set when those homes will go on sale.

Read more...

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

Have you noticed how much people talk about real estate these days?  It's probably a good bet that you have been involved in a conversation (or have heard someone talking) about the real estate market, buying or selling a home or interest rates within the past 10 days.  Ever since the house boom and then crash people can't get enough of it.  Maybe it's just me because I am tuned into it but everywhere I go I hear, "Have home prices recovered?"  "Are prices going to continue to go up?"  "What's going to happen to interest rates and how will that impact the values?"  "I want to buy a new house." etc.  The conversations goes on and on.  Sometimes I
hear a lot of good information but many times I hear misinformation.  If you want to be one of those with the good information keep an eye on my blog.  I'll keep you updated on the latest so you can be the one answering all of the question in the next conversation.

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

Need a Christmas Tree?  The Loudoun County Department of Economic Development has issued the guide "Chistmas in the Loudoun Valley: 2014 Guide to Trees, Greens and Holiday Floral Products".  In it you will find a list of participating tree farms and outlets were you can choose and cut your own tree, a detailed map of the locations, a tree care guide and information on fun holiday activities in Loudoun.

Read more...

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

After a hearing held Wednesday, 12/10, the Loudoun County Board of Supervisors sent additions to the Land Use Commitee of Brambleton to request a change to the plan to include 506 additional homes, a site for a middle school,  a library and a performing arts center.  The proposed additional homes will include 458 single family homes in a 2800 acre area and 48 more townhouses in the Brambleton Town Center.

Read more....

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

The 95 Express Lanes open this Sunday, December 14.

Read more...

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email

Loudoun County's own Karlie Harman of Aldie, a 14 year old female football player and freshman at John Champe High School, is one of three final contestants for the  NFL's competition, “Together We Make Football." Karlie has been a quarterback for the Dulles South Thunder football league for two seasons and was the first girl quarterback to be named Player of the Year in the Northern Virginia Youth Football league.

Well done Karlie!!!

Read more... (Loudountimes.com)

Read more... (Washington Post)

Contact Marilee Murphy today for all of your home buying, or selling, luxury homes or new construction needs.  I am dedicated to making sure you have a smooth transition from start to finish. Use my website to search available properties in Loudoun County located, in Northern Virginia, specifically the towns of Sterling/Potomac Falls, Ashburn, Leesburg, Chantilly, and Aldie as well as properties in Fairfax County, and Prince William County areas. You can also sign up to receive free listing updates by email