It's very rare or more likely never that I've posted a picture or chart without much explanation. However, this chart showing the return on investment over the last decade requires very little commentary. Granted... depending upon your timing, your return may be significantly different. Howeve
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02/26/2010
Caveat Emptor -- that's Latin for "buyer beware." In today's real estate market, with the prevalence of foreclosures and short sales, I would caution that this phrase should read differently. Since I don't speak Latin nor know anybody else who does (even though I graduated from law school and t
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02/26/2010
Want some great news? Who doesn't? The U.S. Bureau of Labor Statistics released an unemployment report today that examined the rates of unemployment in the Northern Virginia counties and cities. Unless you've been living under a rock, haven't turned on the t.v., read a newspaper, been on the int
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02/22/2010
Chances are that if you're looking to buy a home in the D.C. metropolitan area, you may be scared of the home prices. Whether you're a first time homebuyer, moving up to a larger home, buying an investment property, or relocating to the D.C. area, you're spending some time and effort tracking th
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02/22/2010
Today, I found 228 homes in Washington D.C. and Northern Virginia that have been listed on the MLS and on the market for more than 365 days. An entire year or more on the market! 29 of those homes have been actively on the market for over 2 years! Can you imagine? Two years of keeping your ho
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02/18/2010
If you're only a casual follower of the real estate market, you've probably caught tidbits here and there on the news. There's lots of scare stories out there: foreclosures, short sales, resetting ARMs, banks going out of business, plummeting prices, etc. It's enough to transform you from a re
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02/15/2010
Incredible record-breaking amounts of snow that we've received in the past week have caused municipality snow removal budgets to be squeezed, road conditions to remain impassable in certain locations, large tree branches to come tumbling down, and federal government employees (and just about ever
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02/12/2010
Christine Bohn just posted about setting up an Active Rain meetup for the RE/MAX Convention in Orlando from Feb. 28th through March 3rd. I'll be there as well and am looking forward to getting together with some folks I haven't yet met as well as some old friends. Let us know if you will be atte
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02/12/2010
McLean Virginia has the highest percentage of million dollar homes on the market as a share of the entire housing inventory anywhere in Northern Virginia. Yes, fully 67% of the homes on the market in McLean are priced at $1 million or more, and more than half of those are priced over $2 million.
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02/11/2010
Real estate, like any other market, is all about supply and demand. SUPPLY: As of February 11, 2010, there are about 425 homes on the market in Alexandria, Virginia. DEMAND: In the last 30 days, 101 homes sold in the City of Alexandria. January and early February are traditionally very slow ti
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02/11/2010