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real estate: Home Buyer Tax Credit Extended - 11/06/09 03:58 PM
The much-anticipated extension to the home buyer tax credit has finally been approved. The Senate's vote yesterday resulted in a 98-0 win and today it was passed in the house. The bill now moves to the President's desk for a final signature. There is no way it will not be signed. First-time home buyers have been eligible for a tax credit of up to $8,000 since last January as part of this year's economic stimulus package. The newly backed program will expand the credit to include existing home owners. This will help people sell their smaller home that is in high … (1 comments)
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real estate: Oh- Gotta Love This! - 11/06/09 03:56 PM
Mortgage bond prices initially opened positive this morning following relatively bond friendly employment data only to fall back off to near neutral on the day. We still are slightly positive since pricing yesterday morning. Additionally, unemployment came in @ 10.2%, higher than the expected 9.9% mark...a bond friendly figure. This is great news for the market and better news for Home Buyers. This bad news for the unemployed is going to help you get a better deal on a home purchase. Non-farm payrolls fell -190k, weaker than the expected -175k...another bond friendly piece of data. However, the average hourly earnings component … (0 comments)
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real estate: Senate has reached a compromise on extending and expanding the $8,000 tax credit - 10/29/09 03:48 PM
Senate has reached a compromise on extending and expanding the $8,000 tax credit
The Senate has reached a compromise on extending and expanding the $8,000 tax credit for first-time home buyers, a boost the housing industry believes will help it pull out of its two-year-old downturn. While its passage remains uncertain, the agreement would extend the existing credit for first-time homebuyers, worth up to $8,000, while offering a new credit of up to $6,500 for some existing homeowners, Senate aides said. The reduced credit would be available to all homebuyers who have been in their current residence for a consecutive … (1 comments)
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real estate: DOWNTOWN FAIRFAX CITY...TWO CAR GARAGE TOWN HOME... - 08/26/09 03:27 PM
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real estate: NEW HOMES, OPEN SUNDAY, 1-4PM - 07/30/09 03:20 PM
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real estate: OPEN SUNDAY, 8/2, SIX TOTALLY RENOVATED TOWN HOMES - 07/30/09 03:17 PM
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real estate: Casey Honored With Best of McLean Award - 07/30/09 03:14 PM
Press Release
FOR IMMEDIATE RELEASE
Casey Margenau & Associates, Re/Max Distinctive Real Estate Receives 2009 Best of McLean Award
U.S. Commerce Association's Award Plaque Honors the Achievement
WASHINGTON D.C., June 8, 2009 -- Casey Margenau & Associates Real Estate/Max has been selected for the 2009 Best of McLean Award in the Real Estate Agents category by the U.S. Commerce Association (USCA).
The USCA "Best of Local Business" Award Program recognizes outstanding local businesses throughout the country. Each year, the USCA identifies companies that they believe have achieved exceptional marketing success in their local community and business category. These are local … (0 comments)
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real estate: Immaculate Traditional Colonial...Near Potomac River - 07/09/09 03:24 PM
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real estate: TIMING THE REAL ESTATE MARKET - 07/09/09 03:11 PM
TIMING THE REAL ESTATE MARKET
THOUGHTS FROM CASEY MARGENAU
For buyers and sellers the last year or two have been difficult. You don't need an economist to tell you that your home is worth less than it was just a year ago. The question is, what does that mean for you as a potential seller and buyer? The answer is: nothing. Unless you bought during the inflated price period of 2004-2007, you still have equity in your home. Yes, it may not be as much as you did 2 years ago, but the prices to buy your next home have … (1 comments)
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real estate: Thoughts About the Rise in Mortgage Rates - 07/09/09 03:08 PM
Thoughts About the Rise in Mortgage Rates
Interest rates for 30-year, fixed-rate U.S. mortgages increased in the week ending May 28, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 4.91 percent with an average 0.7 points in the week, Freddie Mac said.
Not the best news for a potential new homebuyer, but it could be a lot worse. Yes, I know a week ago the fixed-rate mortgage average was 4.82, but a year ago 30-year interest rates were at 6.08 percent for fixed-rate loans. Furthermore, the average price of a home has dropped. Would it have been … (0 comments)
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real estate: More Signs of a Spring Thaw - 05/28/09 04:07 PM
More Signs of a Spring Thaw
Recently I blogged about the spring thaw in the Northern Virginia real estate market. I have reprinted the article below because it reinforces my assessment that the market is beginning to gain momentum. Now, as I've stated many times all real estate markets are local and the pending sales jump of 3.2% is a national average. This is very good news for Northern Virginia. Our area tends to have a lower than average unemployment rate and higher income levels to support home purchases. As I noted in my earlier blog, the Northern Virginia Association data … (0 comments)
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Casey Margenau
Mc Lean,
VA
More about me…
ReMax Distinctive Real Estate, Inc.
Address: 1307 Dolley Madison Blvd, McLean, VA, 22101
Office Phone: (703) 827-5777
Cell Phone: (703) 827-5777
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