falls church real estate: Can it be a Seller's market in Northern Virginia's Alexandria and Arlington? - 09/13/09 04:36 AM
Being close to the Federal Government in Washington DC creates strong demand for housing. Momentum continues as buyers gain confidence that the bottom of the real estate market is at hand. Lower interest rates and lower prices have really helped fuel the market in 2009. In some price points and geographic areas there have been modest price increases along with multiple offers. Appraisals still remain a challenge in many sales, coming in lower than what buyers are willing to pay. Does this mean it's a seller's market? Well, it depends. It all boils down to location, price and commodity. Any property … (1 comments)

falls church real estate: Healthy Outlook for Northern Virginia real estate market in 2009 - 01/26/09 01:00 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)

falls church real estate: Virginia Property Sellers get some Justice....and it's all good! - 04/01/08 02:46 PM
Property Sellers in Virginia were recently given a nice gift!  Actually a reversion back to the way it was in 2007, reducing the Grantor's tax back to 1%.  It was a shame to see how a transportation tax could affect real estate once again, because of the ineptitude of the politicians in Virginia.
The Supreme Court of Virginia ruled last month that the legislation creating the Northern Virginia Regional Transportation Authority and giving it the power to collect taxes was unconstitutional.  In the real estate world, the related fee of interest was is the Congestion Relief Fee that charged the seller … (2 comments)