How To Make Sense of Market Data - Part 1 - 12/22/10 10:40 AM

Over the last handful of years few things have grabbed more headlines than the housing market. The sector has been so troubled that it's only competition in the news has been Iraq, Afghanistan, and the financial crisis at large. As we have navigated through this period in history we have been peppered constantly with data by national and local media.
However, to really understand real estate market data it takes more than just looking at the numbers, especially the broader ones. I find it is much more informative, and more fun, if we take a step back and begin asking … (0 comments)

Northern Virginia Condo Faces $50k/Owner Assessment - 12/15/10 10:48 PM
If you are a condominium owner, or are looking to purchase a condo this video is for you.

The assessment discussed in this video is not finalized so we don't know exactly how this situation will play out. However, the severity of this example only serves to make the points made in the video above.
As an owner or potential seller of a condominium in Northern Virginia, or anywhere else for that matter, you ought to be on top of the potential changes happening in your community and how they may effect you or your ability to sell. The folks … (0 comments)

A View of The Market From Chris Cooley's House - 12/07/10 11:04 AM
 
No, I did not go to Chris Cooley's house, but his house does tell us a good story about the Northern Virginia Real Estate market. Purchased a couple years ago for nearly $3,000,000  the home is now estimated to be worth under $2,000,000 according to a recent article in the Washingtonian. At nearly $1,000,000 underwater most would be scampering for solutions or ways out. Obviously Chris Cooley is uniquely positioned to handle this problem should he be traded (how likely is that, really?), but unique income stream aside his housing situation is not actually unique and does answer a common … (1 comments)

 
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Colin Storm

McLean, VA

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Weichert, Realtors

Address: 6257 Old Dominion Dr., McLean, VA, 22101

Office Phone: (703) 821-8300 x 189

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