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Archive for the ‘Real Estate News’ Category

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 [...]

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At least twice per month, I get a question from an Associate regarding the supposed Obamacare 3.8% sales tax on housing. The Associate has usually been sent an email from a friend that reads something like: Under the new health care bill – did you know that all real estate transactions will be subject to [...]

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The Washington Post By Harvey S. Jacobs Friday, November 26, 2010; 5:51 AM The turmoil in the residential real estate industry and the recent meltdown in the foreclosure process should have every prospective home buyer reexamining the often overlooked concept of title insurance. In addition to being of critical importance these days, title insurance is [...]

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Congratulations to the honorees at last week’s Northern Virginia Association of Realtors 2010 Appreciation and Recognition Program! RPAC Major Investors: Golden R ($5000) RE/MAX Allegiance Sterling R ($1000) Julia Avent (Arlington) Robyn Burdett (Reston) Susan Mekenney (Leesburg Pike) John Meyer (Leesburg Pike) Vicki Nellis (Burke) Zinta Rodgers (Fairfax) Pioneer Club (NVAR members for a minimum [...]

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Did you know that home ownership has recently come under attack, with some questioning whether home ownership is good for America? We as Realtors should already know the importance of home ownership. In case you’ve forgotten why home ownership matters… To People – Home owners are happier and healthier and enjoy a greater feeling of [...]

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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 [...]

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Congratulations to Robyn Burdett, Branch Vice President of the Reston office and Zinta Rodgers, Associate in the Fairfax office, for both being elected to the VAR Board of Directors this afternoon! This will be Robyn’s first term and Zinta’s second. Myself and Susan Mekenney, Associate in the Leesburg Pike office, continue to serve as well. [...]

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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 [...]

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Home prices in the Washington area increased by the most in the country during the 12 months ending in March, the Washington Examiner reported. Prices for single-family homes increased 6.4 percent — the biggest increase out of 10 major metropolitan areas, according to CoreLogic, a real estate data company. source: Washington Business Journal

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At the RE/MAX Convention this year, Brian Buffini predicted a housing shortage in the coming years. I agree and have been saying the same thing. Here’s a Washington Post article on DC Metro population growth: By Carol Morello Washington Post Staff Writer Wednesday, March 24, 2010; B01 New census statistics released Tuesday show that the [...]

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