As you relish the goodies, decorate every nook and corner of your home 
and enjoy the get-togethers... 
May the joy and festivities continue to radiate in your lives, 
long after Christmas is gone. 
Merry Christmas!Happy New Year!

 

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Fairfax – Homebuyers in Northern Virginia this past November were not kicking tires. The November housing market gained compared to November 2015 in the Northern Virginia Association of Realtors® region, which includes the counties of Fairfax and Arlington, and the cities of Alexandria, Falls Church, Fairfax and Clifton. The average and median sales prices leveled off with each having about a 2 percent decline, which helps buyers understand that waiting does not present advantages.

“More local buyers and sellers reached agreements this November, resulting in a 25 percent rise in home sales compared to last year, perhaps because of a sense of urgency,” said 2016 NVAR Chairman Virgil Frizzell. “The changing political landscape and likely increases in…

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There are several signs that strongly suggest the Feds will raise the interest rates during their next meeting, including these articles in the New York Times, Forbes, and Bloomberg. The committee meets from Dec. 13-14 for the final time this year, during which time they will announce their decision about interest rates.

Fed Chair Janet Yellen has said previously that any increase in rates will be 'gradual' so if the expected increase does take place it will probably be very small.

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Thanksgiving is one of my favorite days of the year because it reminds us to give thanks and to count our blessings. Suddenly, so many things become so little when we realize how blessed and lucky we are.    Sending you my warm wishes from home to home and to wish you a very Happy Thanksgiving! May this day be a beautiful reminders of the wonderful things in life.

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The Northern Virginia Association of Realtors® reports on October 2016 home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church and the towns of Vienna, Herndon and Clifton.

A total of 1,540 homes were sold in October 2016, an increase of 1 percent compared to October 2015 home sales of 1,524.

Active listings decreased this month compared with 2015. Listings were 20.36 percent below last year’s, with 4,435 active listings in October, compared with 5,569 homes available in October 2015. The average days on market (DOM) for homes in October 2016 was 52 days, a decrease of 10.34 percent compared to the 58 DOM for homes in October 2015.

The average home sale price remained steady compared with last October, at…

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In the USA, Veterans Day annually falls on November 11. This day is the anniversary of the signing of the armistice, which ended the World War I hostilities between the Allied nations and Germany in 1918. Veterans are thanked for their services to the United States on Veterans Day.

Observance

Veterans Day is intended to honor and thank all military personnel who served the United States in all wars, particularly living veterans. It is marked by parades and church services and in many places the American flag is hung at half mast. A period of silence lasting two minutes may be held at 11am. Some schools are closed on Veterans Day, while others do not close, but choose to mark the occasion with special assemblies or other activities.

Veterans Day…

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The U.S. labor market continues to show signs of gradual strengthening, with newly released government data showing the economy added 161,000 jobs last month. Annual wage growth surged to levels not seen since the financial crisis, while the unemployment rate dipped to 4.9 percent in October from 5 percent the previous month.

While monthly job gains for October were slightly below expectations -- economists surveyed by Bloomberg News had expected U.S. employers to add 173,000 new jobs last month -- the Labor Department on Friday also revised upward its estimates for job creation in August and September, adding a combined 44,000 jobs. Some economist also cautioned that Hurricane Matthew may have temporarily prevented businesses from adding to their…

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Straddling the line between fall and winter, plenty and paucity, life and death, Halloween is a time of celebration and superstition. It is thought to have originated with the ancient Celtic festival of Samhain, when people would light bonfires and wear costumes to ward off roaming ghosts. In the eighth century, Pope Gregory III designated November 1 as a time to honor all saints and martyrs; the holiday, All Saints’ Day, incorporated some of the traditions of Samhain. The evening before was known as All Hallows’ Eve and later Halloween. Over time, Halloween evolved into a secular, community-based event characterized by child-friendly activities such as trick-or-treating. In a number of countries around the world, as the days grow shorter and the…

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Fairfax – The year-over-year home sales trend continued its uptick in September with 1,675 closings compared to the 1,631 transactions that closed in September last year in the Northern Virginia Association of Realtors® territory, comprised of Fairfax and Arlington counties, Falls Church and Alexandria. 

“Our September housing data provides the final snapshot of our market just before the Nov. 8 election,” said Ryan Conrad, NVAR Chief Executive Officer. “Having a 5 percent increase in transactions in the pipeline as well as a 3 percent increase in total sales, our local economy is clearly NOT at a standstill.”

A total of 1,675 homes were sold in September 2016, an increase of 2.7 percent compared to September 2015 home sales of 1,631.

Active…

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Columbus Day is a U.S. holiday that commemorates the landing of Christopher Columbus in the New World on October 12, 1492. It was unofficially celebrated in a number of cities and states as early as the 18th century but did not become a federal holiday until the 1937. For many, the holiday is a way of both honoring Columbus’ achievements and celebrating Italian-American heritage. Throughout its history, Columbus Day and the man who inspired it have generated controversy, and many alternatives to the holiday have appeared in recent years.   COLUMBUS DAY TRADITIONS In many parts of the United States, Columbus Day has evolved into a celebration of Italian-American heritage. Local groups host parades and street fairs featuring colorful costumes,…

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