I will be attending the Northern Virginia Economic Summit this morning (Sept 11, 2008) put on each year by the Northern Virginia Association of Realtors. This meeting has become an annual event for me personally. It is a chance to hear from Economists who specifically study the economy in our region, and leaders who are [...]
What do various counties and cities charge for property taxes on homes in Northern Virginia? The following figures are per $100 of assessed value in the tax year 2008: Arlington County: 81.8¢ Alexandria City: 84.5¢ Fairfax County: 92¢ Falls Church City: $1.03 Fairfax City: 79¢ Loudon County: $1.14 Prince William County: 97¢ Most of the [...]
The Northern Virginia Real Estate market continued to be strong in July. This was the best July in several years, both in terms of units sold and percentage of units sold. There were 2056 in Northern Virginia (Alexandria, Arlington, Falls Church City, Fairfax City, Fairfax County) in July. Typically sales fall off substantially this time [...]
The Northern Virginia Real Estate market again sustained its recent strength in June with 20.14% of the available inventory going under contract. This is the third straight month that we have sold more than 20% of the inventory. This surprised me because the market typically sells fewer homes in June than in April or May. [...]
Almost all home sales in Fairfax and other areas of Northern Virginia involve a buyer’s agent. A buyer’s agent is bound legally and ethically to look out for the best interests of the buyer in a real estate transacton, but they are not always motivated to give you all the effort and attention you desire. If you buy [...]
I posted yesterday about Fairfax County’s plan to buy and help others buy foreclosures in the county. NBC 4 did the following report on the issue, which includes the viewpoint of those against the plan on the Fairfax County Board of Supervisors. Click the link below to watch it. NBC 4 Video on Fairfax County [...]
Fairfax County passed legislation today that will help the real estate market deal with the many foreclosures in the county. The county is purchasing 10 foreclosed homes outright and helping middle income people, with incomes up to about $75,000 purchase foreclosed homes also. The 10 properties the county is planning to purchase will be chosen [...]
Fair Ridge is located in western Fairfax, just west of Fair Oaks Mall. It is the area north of Route 50 and west of West Ox Road. The neighborhood consists of about 500 town homes that were built in the late 1980s. The town homes are generally between 1400 and 1800 square feet on the [...]
The Washington & Old Dominion Trail is a bike trail that goes from Arlington through the middle of Fairfax County and out to Purcellville in Loudon County for a total distance of 44.82 miles. In The Washington Post is a great article with all kinds of stories that have happened along the trail. They also [...]
