Two bits of good news today: 1. Pending Home Sales Up Signed contracts for U.S. home resales rose to a nearly two-year high in January, an industry group said on Monday, further evidence of a budding recovery in the housing market. The National Association of Realtors said its Pending Home Sales Index, based on contracts [...]
Archive for the ‘Positive Economic News’ Category
Great Housing News Today
Posted in Market Stats, Positive Economic News, Real Estate News, tagged RE MAX, RE MAX Allegiance, RE/MAX, RE/MAX Allegiance, Warren Buffett on February 27, 2012 | Leave a Comment »
Notable Quotable: Brian Block
Posted in Notable Quotable, Positive Economic News, RE/MAX Allegiance News, tagged Brian Block, RE MAX, RE MAX Allegiance, RE/MAX, RE/MAX Allegiance on June 23, 2011 | Leave a Comment »
Congratulations to Brian Block, Branch Vice President of McLean and Arlington for being extensively quoted in the Connection newspapers and on its website. The article was regarding home price increases in May and a future outlook: Brian Block, a real estate broker and a lawyer, who heads the RE/MAX offices in McLean and Arlington, said [...]
DC Metro Third Quarter Price Gains
Posted in Positive Economic News on December 10, 2010 | Leave a Comment »
Washington was one of only two metropolitan areas to see housing price gains in the third quarter. Median prices were up 1.5 percent from the previous quarter and up 7.5 percent from a year ago. Nationwide, home prices were down an average of 5.8 percent in the third quarter, when compared to the second quarter.
Washington Area Unemployment Lowest in Nation
Posted in Positive Economic News on December 7, 2010 | Leave a Comment »
The unemployment rate in the Washington area remains the lowest in the nation among big cities, falling to 5.8 percent in October, from 5.9 percent in September. Washington is the only major area in the country with an unemployment rate below 6 percent, with a tighter labor market than the next four-lowest unemployment rates, in [...]
DC Home Prices Up as National Average Falls
Posted in Market Stats, Positive Economic News, Real Estate News on October 7, 2010 | 1 Comment »
The latest report on home prices shows a quarterly decline nationwide, but gains in median prices in the Washington market. The report, from real estate data provider Clear Capital, says median home prices nationwide fell 0.2 percent from the second quarter to the third quarter, but remain 2.4 percent higher than a year ago. By [...]
Perspective
Posted in Market Stats, Positive Economic News, RE/MAX Allegiance News, tagged Historic Interest Rates, Housing Affordability, Housing Prices, Median Housing Prices, RE MAX, RE MAX Allegiance, RE/MAX, RE/MAX Allegiance, Unemployment on August 26, 2010 | 1 Comment »
There’s been a lot of press this week about the national real estate market and doom and gloom. I wanted to provide some perspective and remind you that real estate is local and, overall, we remain in great shape and are lucky to be where we are. First, the national media reported that NAR’s figures [...]
Pending Home Sales Surge Continuing
Posted in Market Stats, Positive Economic News, tagged RE MAX, RE MAX Allegiance, RE/MAX, RE/MAX Allegiance on June 2, 2010 | Leave a Comment »
WASHINGTON (June 2, 2010) – Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator, rose 6.0 percent to 110.9 based on contracts signed in April, [...]
Washington Metro Area Second Strongest Economy
Posted in Positive Economic News, Real Estate News, tagged DC Area Economy, DC Economy, Policom, RE MAX, RE MAX Allegiance, RE/MAX, RE/MAX Allegiance, Washington Area Economy, Washington Economy on May 27, 2010 | Leave a Comment »
Washington, D.C. has the nation’s second-strongest economy out of 366 metro areas, based primarily on two decades’ worth of jobs and income data, according to a report released last week by economics research firm Policom Corp. Richmond was number 63. Virginia Beach was number 93. To compile its report, Florida-based Policom said it measured 23 [...]
Important FHA Update and Changes
Posted in Positive Economic News, Real Estate News, tagged Dave Stevens, Federal Housing Administration, FHA, FHA Streamline, RE MAX, RE MAX Allegiance, RE/MAX, RE/MAX Allegiance on November 15, 2009 | 1 Comment »
Brandon and I are at the NAR Convention and listened to FHA Commissioner Dave Stevens today. He is clearly engaged, understands the issues the industry faces and is on our side. Some highlights: – Beginning Monday, FHA will no longer require a second appraisal in declining markets! If you followed us on twitter (@remaxallegiance) you [...]
Washington Ties for First in Post Economic Downturn Destinations
Posted in Positive Economic News, tagged post-economic downturn destinations, RE MAX, RE MAX Allegiance, RE/MAX, RE/MAX Allegiance on October 6, 2009 | Leave a Comment »
Which cities are likely to be the hottest post-economic downturn destinations for young, brilliant, and highly mobile workers? The Wall Street Journal surveyed six trend-spotting experts and they chose cities based on economic diversity, lifestyle and their own personal prejudices. Here’s the top-10 list: 1. Washington, D.C. (tie) 1. Seattle 2. New York 3. Portland, [...]
