National Media vs. Local Real Estate Market - 03/30/11 05:13 PM
 
National Media vs. Local Real Estate Market
 
The headline from CNNMoney.com on March 29, 2011 is sure to grab attention for anyone considering buying or selling a home this spring is:  “Home Prices Near A Double Dip.”  It cites the January 2011 S&P/Case-Shiller home price index that covers 20 major markets as having dropped 3.1% year-over-year.  That may appear to be good news for buyers and more bad news for sellers of real estate.   But that statistic is not taking into consideration that all real estate is local.  Otherwise why would “location, location, location” be the most often repeated … (0 comments)

Wal-Mart is Coming to Tysons Corner - 03/28/11 10:18 AM
 
Wal-Mart is Coming to Tysons Corner
JBG Companies announced recently that Wal-Mart is slated to arrive in Tysons Corner about the same time as the Silver Line of the Washington DC metro!  The site located on Leesburg Pike between Ashgrove Lane and Westwood Center Drive will feature new offices, a gym and parking lots and will be. 
Wal-Mart is locating in one of the great shopping Mecca’s of the world, already boasting Tysons Corner Center, Tysons Galleria and numerous strip centers and destination shopping locations.   The major retailers currently in the malls include:  Macy’s, Bloomingdales, Nordstrom, Neiman Marcus, Saks … (1 comments)

Oreo Cookie and Buying and Selling A Home - 03/23/11 03:35 PM
 
Oreo Cookie and Buying and Selling A Home
 
The Oreo cookie is a classic sweet treat in many homes in America, but probably not one that you would think about when buying or selling a home.  Oreo is trademarked by the Nabisco Division of Kraft Foods and is the best selling cookie in the 20th century.  I have found there is a real estate message in this popular sandwich cookie.
 
First, let’s recall the construction of an Oreo cookie.  It is two, typically chocolate, circle shaped cookies with a cream filling “sandwiched” between these two cookie pieces. 
… (0 comments)

Property Tax Assessments for 2011 in McLean and Great Falls - 03/17/11 09:09 AM
 
Property Tax Assessments for 2011 in McLean and Great Falls
 
Recently property owners in Fairfax County received their 2011 tax assessment. In McLean the assessment mean value went up 2.1% to $761,156.  In Great Falls the assessment mean value went down 3.92% to $936,664.  Great Falls continues to hold the highest value of tax assessment for the entire Northern Virginia market area.  McLean maintains the second highest tax assessment value. 
 
The Virginia Constitution requires that real estate be assessed at fair market value.   On the Fairfax County website it states that the tax assessment is obtained by … (2 comments)

Keller Williams is #2 in Realtor Count in United States - 03/09/11 02:13 PM
 
Keller Williams is #2 in Realtor Count in United States
 
Keller Williams is now the #2 real estate company in the United States in terms of Realtor count.  Mark Willis, the President of Keller Williams made this announcement on March 8, 2011 following the release by Realogy of their final numbers for 2010.  Realogy is the owner of Coldwell Banker and Century 21, along with other smaller brokerage brands.  In 2010, Keller Williams increased agent count to 77,672 growing significantly for the 5th consecutive, which passed up in a big way Century 21 which is was at 67,305 at … (0 comments)

 

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