The proposed meals tax in Fairfax county could drop property values and slow our economic engine.
The Washington, D.C. Metro Area housing market continued to see increases in closed and pending sales in October, with pending contracts at the best levels in a decade. Median sales prices were comparable to both last year and last month [but showed a decline in the year over 5 year average]. Inventories continue to grow,... Continue Reading →
This month the 30 Days Trend column for the Average List Price could raise a few eyebrows.
We hope you will find the following snapshot of March’s inventory statistics for the various regions and property types in our local Real Estate market informative. This snapshot features a new data point, showing the trend of changes across several categories from 30 days prior. This can be a good way to lend some perspective... Continue Reading →
Residents of Fairfax County felt the impact of the, now common place, one-two punch of increased assessments accompanying a hike in rates. The property assessments go up and instead of dropping the rate to maintain a static revenue stream, they raise the rate too. In the last several weeks people have been getting their assessments in... Continue Reading →
The characteristics that define a good Return on Investment (ROI) for your home meet these four criteria; Low-Maintenance, Good (not necessarily the highest) Quality, Energy-Efficient, and Relatively low cost. The top ROI projects in order, one being the best, are as follows: 1. Replacing Your Front Door 2. New Siding 3. Minor Kitchen Remodel 4.... Continue Reading →
Forbes has compiled a list of 11 predictions for this year, to see their full article with access to all of their linked content go to this link: Full Forbes Article 1. Prices will rise more slowly ... Continue Reading →
We hope you will find the following snapshot of January’s inventory statistics for the various regions and property types in our local Real Estate market informative. As compared to the January 2014 report Fairfax County's numbers are down in all categories except Condo/Townhouses over $600K. In that category average and median list prices are up... Continue Reading →
Every person has a unique set of circumstances when it comes to buying real estate. In the article I have linked to below, the author poses three very important questions people should explore before deciding to buy a home. Number two borrows a term from statistics “quartile”, if you aren’t familiar with it, put simply... Continue Reading →