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Archive for January, 2009

The following was recently posed on VAR’s blog. My response follows. What are your thoughts? Jovan Hackley writes: What do YOU know? No, really, tell me. Comment and let me know what 5 things YOU would tell prospective buyers and sellers about today’s real estate market. I can tell you what the research says, but [...]

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Of the Top 10 highest volume real estate offices in Washington, D.C., Fairfax County, Alexandria City , Arlington County, Montgomery County and Prince George’s County market, RE/MAX Allegiance’s Leesburg Pike office is the most productive with 9.7 sales per Associate.. Congratulations to Barbara Dill, Phil Bolin and the Associates of the Leesburg Pike Office!

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Congratulations to JW Grodt and the Associates of the Burke office, which had more sales in Fairfax County in 2008 than ANY other real estate office!

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The terms listed below are ranked by volume of searches that successfully drove traffic to websites in the Hitwise Business and Finance – Real Estate category for the 4 weeks ending December 27, 2008, based on US Internet usage. Rank Search Term Volume 1. realtor.com 1.98% 2. remax 0.61% 3. zillow 0.58% 4. real estate [...]

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Sales activity in Greater Northern Virginia (NVAR jurisdictions plus Prince William, Loudoun and the Greater Piedmont counties) for December 2008 continues to show an increase from 2007. The number of Greater Northern Virginia region homes sold in December was 3,032, a 48.63 percent increase from December 2007′s total of 2,040 sales.  This marks the ninth [...]

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Existing homes in Virginia, Maryland and D.C. are holding their value better when sold than houses nationwide. Sales are also ahead of the national pace. Total sales in the U.S. advanced 6.5 percent in December from November, according to the National Association of Realtors. Existing home sales in the South, a region that includes the [...]

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The nation’s capital leapfrogged London this year as the world’s best city for real estate investment. With the federal government on a path to grow bigger and increase spending, the new programs will need offices and its employees will need homes. Forbes magazine turned to the Association of Foreign Investors in Real Estate for the [...]

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The House Ways and Means Chairman has voted out the tax portion of the economic stimulus on a party-line vote, 24 – 13. It contains a provision that would eliminate the repayment feature of the $7500 first-time homebuyer tax credit for purchases between January 1, 2009 and June 30, 2009. An amendment that would have [...]

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REIN’s December 2008 is too big to post in the blog, so click here for the info.

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Existing-home sales rose unexpectedly while inventory declined, led by a surge of sales in the West, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes, condominiums and co-ops – jumped 6.5 percent to a seasonally adjusted annual rate1 of 4.74 million units in December from a downwardly revised pace of 4.45 [...]

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