Arlington, Va. real estate has been realtively sheltered from the housing storm. Relative being an important word here. We've certainly seen downward pressure on pricing even in close (as in Close to DC) neighborhoods. However, because of our strong employment #s and the federal government, we've seen that houses that are priced well still sell and real bargains have flown sometimes with multiple offers.

With the volatility in the stock market and the recent jitters of buyers is this a good time to buy? I think it is. Sellers are certainly anticipating an influx of buyers with the new administration. Certainly we'll see some but after the initial excitement passes and a sellers house is still on the market, this may be a good time to get a real value.

Consider that the National Asssociation of Realtors is pushing to get some legislation that will really help stimulate the buyers. Making the $7500 tax credit more available and eliminating the need to pay it back. Make the 2008 FHA loan limits permanent (they are scheduled to reset at a lower rate in January). Pushing the treasury to target more funds for mortgage relief. Interest rates coming down. The stock market will reach a low and stableize. Combine these potential factors with a spring market, pent up demand from well employed but currently nervous buyers and the largest window of opportunity may close at least not be so wide open.

Jane Jensen, Realtor

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