As the 2019 Spring market gets underway, there are signs of recovering prices in the County of Fairfax VA as well as an increasing number of transactions. For more specifics in your neighborhood, let us know how we may be of assistance.
Highland Realty, Inc. 5317 Lee Highway, Arlington, VA 22207 703-517-2748 Dave Rosenmarkle Erika Echegaray Broker/Owner … (1 comments)
market conditions: Pricing Trends - City of Alexandria VA
- 03/23/19 06:03 AM
Pricing Trends: As the 2019 Spring market gets underway, there are signs of rising prices in the City of Alexandria as well as an increasing number of transactions. For more specifics in your neighborhood, let us know how we may be of assistance.
Highland Realty, Inc. 5317 Lee Highway, Arlington, VA 22207 703-517-2748 Dave Rosenmarkle Erika Echegaray Broker/Owner … (1 comments)
Purchaser traffic is up and the time to sell is longer than last year, but is improving as the spring market gets into full swing. For more specifics in your neighborhood, let us know how we may be of assistance.
Highland Realty, Inc. 5317 Lee Highway, Arlington, VA 22207 703-517-2748 Dave Rosenmarkle Erika Echegaray Broker/Owner … (1 comments)
Purchaser traffic is up and the time to sell is quickly passing as the spring market gets into full swing. For more specifics in your neighborhood, let us know how we may be of assistance.
Highland Realty, Inc. 5317 Lee Highway, Arlington, VA 22207 703-517-2748 Dave Rosenmarkle Erika Echegaray Broker/Owner … (0 comments)
market conditions: Housing Inventory Improving in Prince William County VA
- 03/19/19 06:23 AM
As the 2019 Spring market gets underway, there is less than a two-month supply of available listings for an increasing number of buyers in Prince William County VA. For more specifics in your neighborhood, let us know how we may be of assistance.
Highland Realty, Inc. 5317 Lee Highway, Arlington, VA 22207 703-517-2748 Dave Rosenmarkle Erika Echegaray Broker/Owner … (0 comments)
market conditions: Fairfax County VA Needs More Listings - March 2019
- 03/19/19 06:04 AM
As the 2019 Spring market gets underway, there is less than a one-month supply of available listings for an increasing number of buyers in Fairfax County Virginia. For more specifics in your neighborhood, let us know how we may be of assistance.
Highland Realty, Inc. 5317 Lee Highway, Arlington, VA 22207 703-517-2748 Dave Rosenmarkle Erika Echegaray Broker/Owner … (0 comments)
market conditions: Home Prices for Arlington County VA - February 2019
- 03/18/19 08:37 AM
We are approaching the spring market with a low inventory which should benefit prospective sellers with moving forward with their plans. Highland Realty, Inc. 5317 Lee Highway, Arlington, VA 22207 703-517-2748 Dave Rosenmarkle Erika Echegaray Broker/Owner/Property Manager Property Management Specialist evad7777@gmail.com … (2 comments)
market conditions: New Listings Needed in Arlington, Virginia
- 03/18/19 04:38 AM
As the 2019 Spring market gets underway, there is less than a one-month supply of available listings for an increasing number of buyers. For more specifics in your neighborhood, let us know how we may be of assistance.
Highland Realty, Inc. 5317 Lee Highway, Arlington, VA 22207 703-517-2748 Dave Rosenmarkle Erika Echegaray Broker/Owner Property Management Specialist … (3 comments)
market conditions: Housing Economy will not fully rebound until 2025
- 04/14/10 10:49 PM
The cities that saw the bubble housing boom in the first decade of the century—cities in California, Florida, Nevada and Arizona especially—won’t see the next big boom until around 2025 according to the financial services company, Fiserv. Fiserv expects other markets in the Northeast and Midwest to take a full ten years before price spikes equivalent to 2006 and 2007 return. For most of the country some level of normalcy will prevail starting in 2011, but the recovery period will be prolonged almost everywhere in the U.S. Factors that will keep housing cycles from a more historic 10 year pattern are … (1 comments)
market conditions: Why Some Housing Markets Dodged a Bullet
- 04/12/10 11:04 AM
Ever wondered why some housing markets virtually disintegrated when the housing bubble burst, while others have survived quite well? This was the subject of a research report put out recently by the New York Federal Reserve Bank written by two of the Bank’s economists and researchers, Jaison R. Abel Richard Deitz. Deitz and Abel answer the question by focusing particularly on the upstate New York housing market. During the housing boom of 2000 to 2006 home prices in upstate New York cities of Utica, Syracuse, Rochester and Buffalo did not appreciate rapidly like so much of the rest of the nation. … (0 comments)
market conditions: Better News on Home Values, sorta....
- 04/10/10 09:46 PM
The Case-Schiller Home Prices Index showed another positive jump for the eight straight month in January. The seasonally adjusted prices increased by .4% for the 10 city index and .3% on the 20 city index. Both showed a decline on the unadjusted indexes due in part to the bad weather in many parts of the country. On the negative side, Charlotte, Las Vegas, Seattle, and Tampa experienced prices that reached new index lows. In Tampa, prices are down 42% from their high levels, and Las Vegas has troughed at 55.8% from its peak. On the more positive side, San Francisco and … (2 comments)
market conditions: Appraisers Oppose Use of BPOs for Short Sale Valuation
- 03/15/10 10:34 PM
Three national appraisal groups led by the Appraisal Institute have written to the Treasury Department in opposition to the HAFA guidelines that allow use of BPOs to price Home Affordable Foreclosure Alternatives program short sales. The coalition of appraisers believe that BPOs make fraud more likely in HAFA short sale deals and puts consumers and lenders at greater risk of receiving inaccurate valuations. The Appraisal Institute and its peer groups believe all short sale valuations should conform to the Uniform Standards of Professional Appraisal Practice. The brokers and real estate agents who complete BPOs are generally not specially trained to meet … (3 comments)
market conditions: Refinance Applications are Up
- 03/13/10 12:14 AM
After a 3 week decline in mortgage refinance applications, the Mortgage Bankers Association reported a 17.2% upswing in refinance applications during the last week in February compared to the week before. The refinance share of total mortgage applications was up by a point to 69.1% of the total applications. The mortgage rates dropped below 5%, which is one of the reasons cited for the increase in new applications. According to the Wall Street Journal, the majority of these refinance loans are going, not to the people who necessarily need it the most, but to people will very good credit. Those who … (1 comments)
market conditions: Foreclosure Overhang Inhibits Home Appreciation
- 03/13/10 12:08 AM
Barclays Bank has weighed in on the crystal ball gazing activity of predicting how much further the housing market will decline. The bank believes as long as there is a large stockpile of bank-owned and pre-foreclosure property, the values cannot rise appreciably in most markets, although the risk of a steep decline goes away with each passing month of housing sales growth. Nationally, Barclays says that home prices will drop another 4 to 5% before hitting bottom. The benefit of the home modification program has been that it has slowed the number of homes going into foreclosure so that the remainder … (1 comments)
market conditions: First American CoreLogic HPI Says Price Decline is Slowing
- 02/26/10 11:32 PM
First American CoreLogic Home Price Index (HPI) tracks home prices in all U.S. markets and basically concurs with Moody’s report that home prices are continuing to fall when considered nationally. The one silver lining the HPI reveals is that the decline is smaller and slower than before. The December decline year over year was 3.7% compared to the 5.3% year over year decline the previous December. Even when distress sales are removed both years registered a decline in home values year over year—3% in December 2009 and 5% in December 2008. The HPI is expected to drop another 4.4% through … (1 comments)
market conditions: Moody’s Expects Continuing Home Price Decline
- 02/25/10 09:41 PM
Moody’s Investors Service predicts another 8% decline in the housing market in many areas over the coming months. They blame the anemic Home Affordable Modification Program (HAMP) for failing to put a damper on foreclosure and the continuing escalation of foreclosure sales throughout the country for the continuing slide in home prices. The national home price drop from peak to trough is expected to be 34%. The one bit of good news is Moody’s revised downward the expected total value decline. Previously Moody’s had predicted a 37% total decline. The bad news is, instead of the trough being reached in the … (4 comments)
Clear Capital, the Truckee, CA-based property valuation company, reported the largest year-over-year home value increase since 2006 in January 2010, according to its Home Data Index Market Report. The national year-over-year gains were 2.3%. Gains in the Midwest were strongest in a 3 month rolling quarter with 5.0%, while the Northeast was the only region to post a quarterly loss at -1.0%. Even severely depressed Detroit led all major markets with the best performing rolling quarter at 14.6%. Other top performing major markets were Cleveland, Riverside, Oklahoma City, Providence, San Francisco, San Jose, St. Louis, … (0 comments)
Average Price-Per-Square-Foot (Closed) in Fairfax County VA
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