This supports our anecdotal perception that through October there has been lot of inventory and the buyers are being very choosey. It does appear that the end of the political season has resolved questions that were keeping buyers on the fence.
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 Home Improvement Projects with the Best Return on Investment
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 2015 Housing Outlook – 11 Predictions from the Experts at Forbes
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 Housing Inventory Snapshot – January 2015
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 Each Buyer & Market is Unique
Excerpt from Gallup’s Latest News on the Economy: …In the U.S., Gallup's Economic Confidence Index averaged -8 for the week ending Nov. 9. This is the highest weekly average found since the week ending June 30 of last year, and continues the upward trend in confidence that began in late September. Prior to late September, … Continue reading U.S. Economic Confidence Index on the Rise
The Fairfax County Police Department hosts a tool that you may find enlightening, it maps crime reports throughout Fairfax County Virginia. http://www.fairfaxcounty.gov/policeevents/ Go to the link above then click on the Location tab at the top of the page under Police Events. You will be prompted to enter an address and make a selection for … Continue reading Crime Statistics are at Your Fingertips