market conditions: In Search Of: Homes Wanted in the Northern Virginia Area - 05/17/13 03:45 AM
“IN SEARCH OF… Buyer Needs” is a weekly post listing the types of properties my clients are looking for…. If you own property like this, please reach out to me.
Today is Friday, May 17th, and I have clients in search of the following types of properties….
Rental Investment Properties: I am working with multiple investors who are looking to purchase homes in the Dulles region (Fairfax/Loudoun Counties) to be used as long term rentals. They would find homes that are already occupied with great tenants to be of particular interest. Any property where the “numbers work” would be considered, but … (0 comments)

market conditions: As the Market Recovers, Appraisals Lag Behind - 06/02/12 12:27 PM
Today as I was discussing an appraisal issue with a couple of fellow practioners, I learned that appraisals are suddenly becoming more of an issue.  And, unlike a year ago, it's not really because appraisers that don't know the market place, but more because of the market changes.  A year ago, 6 months ago, we had a lot more distress sales in the market....and the "traditional" sellers had to compete with the distress sales in order to be able to sell.  But for the past 6 months things have been absolutely ROCKING and there has been upward pressure on sales prices... … (1 comments)

market conditions: To Sell Now? Or Wait Out The Market? - 11/04/09 01:20 AM
Like many, you've probably been thinking about moving up to a larger home or downsizing, or perhaps even relocating. But, the market has meant declining house values, and you're concerned that if you don't get enough for your home, you'll not be able to afford what you really want in your NEXT home.Did I hit the nail on the head for you? You're not alone. It's always easiest to focus on the scary, negative thoughts - fear is a powerful emotion, in fact, THE most powerful emotion we have as humans. But, as humans, we have the ability to overcome illogical … (2 comments)

market conditions: Home Prices WILL NOT Return to 2005 Prices - Ever - 10/02/09 01:34 PM
"Home prices will NEVER return to the levels of 2005.  NEVER," said Roger Arnold, a well respected Global macro-economist, during a recent conference call with several Keller Williams Agents in the Northern Virginia area.  Of course, he meant that comment in the context of relative value when you consider affordability indexes (median home price compared to median area income), inflation, etc. He is not discouraging buying a home today, just "calling it like he sees it" for existing homeowners, himself included (and me, too).  At this point, the artificial home price inflation peaking in 2005 or the beginning of 2006, has pretty much come … (2 comments)

market conditions: Inflation is Coming! Inflation is Coming! - 04/28/09 07:35 AM
 
Can it get any worse?  YES. Okay, so your 401K has retired without you.  You're so underwater with your home you're thinking of turning it into a houseboat.  And, hopefully, you don't get hit by the next round of layoffs.   Seriously, it has to get better.  But, could it get worse?  Well... yeah... if you don't watch yourself. I don't like to be the one screaming the sky is falling.  But, what I have learned is that the more I keep my predictions to myself the less chance I have of forewarning people of what I see coming straight … (1 comments)

market conditions: Washington DC Region, Market Statistics, 1st Quarter 2009 - 04/13/09 10:12 AM
MRIS, the local MLS company servicing the Washington DC Metropolitan area, is reporting high activity levels again in March 2009, for the 4th consecutive month, in year over year comparisons. This area includes most of Maryland, Northern Virginia, all of Washington DC and the panhandle of West Virginia.
The Affordability Index is now at 156, nearly 50% higher than two years ago. This means that the median family income is now 156% of the required qualifying income for the median home price. In simple terms, this indicates that most area households more than qualify to purchase a home in the area … (0 comments)

market conditions: Home Sales In Loudoun Remain Strong! - 11/14/08 02:04 PM
Since May, the number of home sales in Loudoun have been up considerably when compared to the same month in the prior year. Check out this chart, showing the number of sales (month by month) for 2007 compared to 2008 (courtesy of the Dulles Area Association of REALTORS):
As of October 31st, for homes priced under $500,000; the inventory level rose to a 5.5 month supply. For homes priced between $500,000 and $700,000, the supply level is holding steady at approximately 9 months. For homes priced above $700,000; the market continues to remain stagnant; rising to an 18 month supply. And … (0 comments)

 
Vicky Chrisner (Fieldstone Real Estate) Rainmaker large

Vicky Chrisner

Leesburg, VA

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Fieldstone Real Estate

Address: Loudoun County, VA

Office: (703) 669-3142

Mobile: (703) 728-5766

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