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arlington county real estate: Home Buyer Tax Credit Extension Becomes Reality + October Stats for N. Virginia - 11/12/09 09:07 PM
On 11/6/09 the President signed legislation approving an extension and expansion of the home buyer tax credit. Key points of the legislation include: * Extension of the $8,000 tax credit for first-time home buyers under contract by April 30, 2010 and settling by July 1, 2010; * Addition of a $6,500 tax credit for existing home owners, if living in their principal residence for five consecutive years in the past eight years; * Increasing income limits for eligible home buyers to $125,000 for single buyers and $225,000 for couples; and, * Capping the purchase price of the home at $800,000. Northern … (0 comments)
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arlington county real estate: Northern Virginia's Market is giving first time buyers the blues! - 10/18/09 04:56 PM
Real Estate Market Trends for September in Northern VA The Northern Virginia Association of Realtors® reports on September 2009 home sales activity for Fairfax and Arlington counties, Alexandria, Fairfax & Falls Church Cities, & towns of Vienna, Herndon and Clifton. A total of 1,684 homes sold in Sept. 2009, a 2% increase above Sept. 2008 home sales of 1,650. Active listings decreased by 24.40% from last year, with 6,889 active listings in 9/09, compared with 9,112 active homes available in Sept. 2008. The average days on market (DOM) for homes in September 2009 decreased by 32.26% to 63 days, compared with … (0 comments)
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arlington county real estate: Market Statistics for Northern Virginia: June 2009 - 08/02/09 10:11 AM
The Northern Virginia Association of Realtors® compiles reports on June 2009 home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church and the towns of Vienna, Herndon and Clifton. A total of 2,169 homes sold in June 2009, a 14.16 percent increase above June 2008 home sales of 1,900. Active listings decreased by 27 percent from last year, with 7,617 active listings in June, compared with 10,440 homes available in June 2008. The average days on market (DOM) for homes in June 2009 decreased by 14.46 percent to 71 days, compared with 83 days in … (0 comments)
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arlington county real estate: $8000 Home Buyer Tax Credit Basics - 05/03/09 10:13 AM
The American Recovery & Reinvestment Act of 2009 offers an $8000 maximum tax credit for first-time homebuyers buying homes as their primary residence between January 1 and December 1, 2009. A First-Time Home Buyer is anyone who has not owned a home within the last 3 years. If an unmarried couple jointly buys a home, and one person owned a home (within 3 years) and the other did not, they can “designate” the tax credit to that person who will be able to claim it on their individual tax return. This rule also applies for parents to co-sign on a mortgage. … (0 comments)
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arlington county real estate: Healthy Outlook for Northern Virginia real estate market in 2009 - 01/26/09 09:00 PM
Greater Washington Economic Conference Dr. Steve Fuller, Economist at George Mason University says “The payroll job loss as likely to go deeper and longer – perhaps 18-20 months. There are currently 13 million unemployed, and many of these people will stay unemployed because the new jobs will have different qualifications than those for the people getting laid off. He predicted oil will still be below $80 per bbl in 2011. Normally there are 5 million house sales per year (it got up to 7 million a few years ago), and we are currently around 4.5 million now. Consumer spending will be … (0 comments)
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arlington county real estate: Arlington County Market Stats - 10/08/08 08:10 AM
Here are market stats for Arlington County for the month of September 2008: In September, the total number of active listings on the market in Arlington was 787. Of those active listings, the minimum list price was $105,000 while the maximum list price was $8,850,000. The average list price was $675,453. The average number for property days on the market is 108. The number of listings under contract was 143. Of those listings under contract, the minimum list price was $90,000 while the maximum list price was $1,659,900. The average list price was $535,288. The average number for property days on … (0 comments)
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arlington county real estate: Recordation fees in Virginia with regard to Assessed Value + Grantors Tax increase - 11/05/07 08:40 PM
When you buy or sell a home there are typically recording fees that county, city, and state governments charge. In Virginia, the recording fees have to be collected on the assessed value of properties if the assessed valued is higher than the sales price. What this means for the sellers is the grantor's tax of $1.00/$1,000.00 of value will be equal to the assessed value or the sales price, whichever is higher. For the buyers that will apply to the County and State tax stamps for the Deed. Those recording fees are $3.34/$1,000.00 of value and will be figured either on … (0 comments)
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Casey O'Neal
Arlington,
VA
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RE/MAX Allegiance
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Cell Phone: (703) 217-9090
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