Real Estate Blog

Lean Inventory for Northern Virginia Buyers Sparks Competition for Available Homes,   Reports the Northern Virginia Association of Realtors®   Fairfax - With interest rates rising and the inventory of available homes diminishing, the pace of home sales in Northern Virginia has slowed compared to last year, said Lorraine Arora, the 2018 Northern Virginia Association of Realtors® Chairman of the Board and Weichert, Realtors®   Fairfax regional managing broker. However, home values are holding, with the median price 7.37 percent above February 2017, at $500,000, and homes are selling at an average of 97.7% of the original listing price.   "National inventory constraints continued to challenge Northern Virginia buyers in February,"…
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Tax Reform Impacts Not Hindering Northern Virginia Buyers, Sellers; January's Home Average, Median Sales Prices Climb 3 Percent,   Pending Contracts Rise 15 Percent; Economic Outlook Remains Favorable, Reports the Northern Virginia Association of Realtors®   Fairfax - While 2017 homeownership rates have reached the highest level since mid-2014 according to Census Bureau data, and 2017 home prices reached new highs for the past decade, we are starting this year off with solid rises in home values, said Lorraine Arora, the 2018 NVAR Chairman of the Board and Weichert, Realtors® Fairfax regional managing broker.   "With our local economy thriving, the nominal predicted interest rate hikes are a signal of our strong national…
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REALTOR® Association of Prince William (PWAR) has gathered Prince William County’s most recent market statistics, generated by SmartCharts, an affiliate website of Real Estate Business Intelligence (RBI). The market statistics are gathered through data provided by the Metropolitan Regional Information System (MRIS), which serves as the multiple listing service for Prince William County.

A total of 562 homes were sold in November 2017, an increase of 6.4 percent compared to November 2016 closed sales. New listings increased as well by 1.2 percent year-over-year, from 571 new listings to 578. The number of new pending was up this month by 7.6 percent year-over-year, from 581 pending to 625. Active listings were down with 1,081 active listings in

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Market Statistics: December 2017

December Home Sales Slip 8 percent with Annual Sales Up 4 Percent Above 2016, Sales prices increased 3.5 percent reflecting strong market fundamentals, Listings, Pendings Slow Up, Reports the Northern Virginia Association of Realtors®

Fairfax – “Our Realtor® confidence level for a stable local market in 2018 is strong, despite the uncertainty about the tax situation” said Lorraine Arora, the 2018 NVAR Chairman of the Board and Weichert Realtors® Fairfax Regional managing broker. “When we review the 2017 year-end sales data in our footprint (Arlington and Fairfax counties; cities of Fairfax, Alexandria and Falls Church), we increased sales by 4 percent. December sales slow during the holiday season, however the

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Martin Luther King Jr. was a Baptist minister and social activist, who led the Civil Rights Movement in the United States from the mid-1950s until his death by assassination in 1968.

 

Martin Luther King Jr. Facts Martin Luther King Jr. was born in 1929 in Atlanta, Georgia. King, a Baptist minister and civil-rights activist, had a seismic impact on race relations in the United States, beginning in the mid-1950s. 
Among his many efforts, King headed the Southern Christian Leadership Conference. Through his activism and inspirational speeches he played a pivotal role in ending the legal segregation of African-American citizens in the United States, as well as the creation of the Civil Rights Act of 1964 and the Voting Rights Act of…
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Christmas brings family and friends together; it helps us appreciate the love in our lives we can often take for granted. May the true meaning of the holiday season fill your heart and home with many blessings.

May this holiday season sparkle and shine, may all of your wishes and dreams come true, and may you feel this happiness all year round.

During this season of giving, let us take the time to slow down and enjoy the simple things. May this wonderful time of the year touch your heart in a special way. Wishing you much happiness today and throughout the New Year. 

If you are looking to BUY, SELL or INVEST in real estate, please contact us today 

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November Housing Sales Rise 5 percent,
Clients not Slowing Down during Less Competitive Fall Market,
Reports
 the Northern Virginia Association of Realtors®

Fairfax – “This past November, we once again saw sales prices, median prices and closings tick up,” said Bob Adamson, 2017 NVAR Chairman of the Board and McEnearney & Associates Realtor®. “Our headwinds are lower inventory and fewer pending contracts compared to 2016.” Optimism continues in the marketplace, he pointed out, since employment gains are strong. The national unemployment rate hit a record low of 4.1 percent, with our region’s rate at 3.8 percent, he said “Much remains uncertain regarding final tax reform benefits and deductions impacting housing,” Adamson said.

“The residential

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October Saw Brisk Housing Activity with a 7% increase in Sales; Serious Buyers are Taking Action, New Under Contracts Rise, Reports the Northern Virginia Association of Realtors®   Fairfax - "In a perfect world, real estate practitioners like to observe that their market has achieved a balance," said Bob Adamson, 2017 NVAR Chairman of the Board. "As of October, our home equity gains remained within normal limits while interest rates stay pinned at historic lows.   "These factors add to local buyer confidence," Adamson continued. October resulted in a 7 percent increase in sales, recording 1,652 homes sold compared to 1,540 transactions last October. "While economic progress has been patchy throughout the Commonwealth, Northern Virginia…
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On November 11, 1919, U.S. President Woodrow Wilson issued a message to his countrymen on the first Armistice Day in which he expressed what he felt the day meant to Americans: ADDRESS TO FELLOW-COUNTRYMEN
The White House, November 11, 1919.

A year ago today our enemies laid down their arms in accordance with an armistice which rendered them impotent to renew hostilities, and gave to the world an assured opportunity to reconstruct its shattered order and to work out in peace a new and juster set of inter national relations. The soldiers and people of the European Allies had fought and endured for more than four years to uphold the barrier of civilization against the aggressions of armed force. We ourselves had been in the conflict something more than…
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Published by the Virginia REALTORS®, the advocate for real estate professionals and property owners in Virginia   Virginia REALTORS® association publishes monthly and quarterly home sales reports to provide our members, the media, and real estate-related industries with current data. The report data comes from a variety of sources and is analyzed by the Virginia REALTORS®. All data may be used with citation to the proprietary owner, the Virginia REALTORS®.   Third Quarter Summary
  Virginia's third quarter residential real estate market reflects the prolonged inventory shortage that has affected sales pace for much of the year. Despite suppressed pace, most year-over-year performance metrics rose, underscoring the sustained high demand…
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