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Washington Mutual, National City and Now IndyMac - 08/14/07 03:33 PM
We first got our hands on the email sent out by Washington Mutual regarding subprime loans and 2nd liens. Then we heard about National City no longer taking applications on 2nd liens. Now, we got our hands on this email sent out by IndyMac:
"Dear Valued Customer, In response to recent liquidity issues in the secondary mortgage market, we have found it necessary to revise a number of our program limits and underwriting guidelines. The following revisions became effective for loans that were not rate locked prior to 12:00 p.m. Pacific Time today. The Indymac Lending Guide will be updated to … (8 comments)
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Realtor.com Losing Ground Fast, Zillow.com is Stuck - 08/14/07 02:50 PM
My associate and I read a recent comment by the CEO of the National Association of Realtors, Dale Stinson, that the "technological relationship" between NAR and Move.com will remain stable. Move.com is the company that runs the realtor.com website. The comments were made on the stage at Inman's Real Estate Connect conference. Also on the stage was the CEO of Zillow.com, Rich Barton.
Both of these websites, in my opinion, are terrible. The realtor.com website can be called stable, only in the fact that it has barely changed in the last 5 years. It is difficult to navigate and all my clients … (14 comments)
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Moorefield Station Update - 08/14/07 02:45 PM
It seems that Miller and Smith got a response from the Loudoun County Transportation/Land Use Committee last Monday that was not what they were hoping for. It was even better: Build more! Miller and Smith originally proposed 624 multifamily homes and 600,000 square feet of office space and retail uses just south of the planned Moorefield Station Metro stop in Ashburn. The planning staff came back and suggested that Miller and Smith and their Dulles Parkway Center project maximize the potential density allowed in the county policy. This would raise the number to 1000 homes and taller office buildings.
To help with … (0 comments)
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The Median Home in Loudoun County, Virginia - 08/14/07 02:42 PM
The median list price of a home that went under contract in July of 2007 was $435,000. Here are the pictures of those six homes and some statistics of those homes.
4 Bedroom/2.5 Bath/1 Car Garage on .12 acres in South Riding
Approximately 2100 square feet on upper two levels, unfinished basement, built in 2002
4 Bedroom /3.5 Bath/2 Car Garage end unit in Ashburn
Approximately 2700 square feet on 3 finished levels, built in 2003
3 Bedroom/2 Full, 2 Half Baths/2 Car End Unit in Sterling
Approximately 2550 square feet on 3 finished levels, built in 1997
3 Bedroom/2 Full, 2 Half Baths/2 Car Interior Unit … (0 comments)
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Loudoun County, Virginia Sales Statistics for July - 2007 vs. 2006 - 08/14/07 02:40 PM
Loudoun County Sales statistics for July 2007 as compared to July of 2006 are incredibly similar in many areas. Here is a breakdown and analysis of the median and mean comparisons of List Prices, Sales Prices and Days on Market as well as Total Sales and Sales Price as a Percentage of List Price.
July 2007 vs. July 2006
Total Sales: 397 vs 395
This number has been very similar for almost every month this year. In fact for the first seven months of the year the difference is only 21 sales, 3039 vs. 3060.
Average List Price: $530,280 vs $525,247
This is the average … (0 comments)
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Danilo Bogdanovic-Real Estate Consultant -Loudoun and Fairfax County
Ashburn,
VA
More about me…
Market Advantage Real Estate
Address: 107 Kale Ave, Sterling, VA, 20164
Office Phone: (703) 582-6900
Cell Phone: (703) 582-6900
Email Me
Your source for what's going in the Loudoun County real estate scene/market
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