Mortgage Market Good and Home Sales are Up

In today’s Washington Post Kenneth Harney wrote: Loan terms and credit underwriting standards have been toughened up, but you can still put down 3 percent (3.5 percent after Jan. 1) on an FHA-insured mortgage and 5 percent on certain Fannie Mae and Freddie Mac loan programs with private mortgage insurance. The FHA’s credit standards are generous and forgiving — the agency exists to help people …

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Northern Virginia Real Estate Market Update

The housing rate in Northern Virginia (defined as Arlington, Alexandria, Fairfax County, Fairfax City, and Falls Church City) sold at a rate of 19.5% in September.  This number is down slightly from the previous month, but almost double the 10.5% rate from September of 2007. The statistics continue to show an improving market.  The real test for this market will come next month when the …

Fairfax City Market Update

Below is a spreadsheet with the number of sales and listings in the City of Fairfax each month for the las 2.5 years.  The September numbers show that 18% of the homes on the market in Fairfax City sold.  This implies a 6 month market for the city.  I always hesitate to say that for the Fairfax City numbers because it is such a small …

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Can you Win in this Real Estate Market?

As I write this the whole world is going through an economic crisis.  Congress just passed a bill to “bail-out” Wall Street.  Stock markets all over the world have tumbled, and some have closed their markets to avoid further losses.  The main issue in the presidential debate has become the economy.  Voters want to know which candidate can get us out of “this mess we’re …

(Yet Another) Trap for Home Buyers to Avoid

In his superb Washington Post Column, Ken Harney analyzed a little publicized settlement between the FTC and fallen Investment Bank firm Bear Stearns that has implications for the way buyers should get and handle their loans.  From the column, the complaint against Bear Stearns’ subsidiary EMC was: But the FTC’s complaint and settlement on Sept. 9 allege that EMC hit mortgage customers with unauthorized fees, …

The Future of Tysons Corner (& Fairfax County)

The Fairfax County Board of Supervisors unanimously approved a plan developed by the Tysons Land Use task force for the future development of Tysons Corner.  The plan is a vision of what Tysons Corner can become over the next 40 years.  A centerpiece of the plan is dividing Tysons into 8 distinct districts or neighborhoods that will make up the “city” of Tysons Corner.  The …

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Tag…I’m it.

Teri Lussier, author of The Brick Ranch in Dayton, OH pointed her finger at me in her meme.  That means I get to write a post all about me & me.  Read the rules at the bottom of this post if you don’t know what a meme is.  So here are six random things about me that you might not know: 1.  I really like …

Part 2 of the Network Solutions Roundtable

I posted a link to the first part last week.  Now you can ready part two of the Network Solutions roundtables that Bob Carney and I did.  You can also check out my post on the interview.  During the roundtable, Bob and I talked about how small businesses, and real estate agents in particular can leverage the web for their business. Related Posts:No Related Posts

Attending the Northern Virginia Economic Summit

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 shaping the future of the whole Washington DC region. The …