Tag Archive: Real Estate

Does The S&P Downgrade Mean Opportunity For Home Buyers?

As we know, going into the weekend the S&P downgraded U.S. debt from a AAA rating to AA+. I am not an expert on financial markets, so am not qualified to comment on whether I feel that was the right move, or what the overall consequences will be. However, at the very least we know…

A View of The Market From Chris Cooley’s House

No, I did not go to Chris Cooley’s house, but his house does tell us a good story about the Northern Virginia Real Estate market. Purchased a couple years ago for nearly $3,000,000  the home is now estimated to be worth under $2,000,000 according to a recent article in the Washingtonian. At nearly $1,000,000 underwater…

Northern Virginia Real Estate Sucks

Well for a lot of folks, it does! Unless you bought prior to 2003 and did’t take out any equity during the peak. In that case Northern Virginia real estate is probably pretty amazing. Reality is: Many individuals have to save well into their 30’s to be able to buy and put down enough to…

Mortgage Rates Continue to Rise

Last week I did a post highlighting the rise in interest rates over the course of the previous 5 days. Well the trend has continued. The rate which had gone up from 4.17%  to 4.51% in under five days is now up to 4.625%. The current rate includes one discount point (1% of the loan…

A DC Row-House Gets a Rehab

The spring and summer of 2010 brought quite a bit of real estate activity to the Northern Virginia and DC market. And DC row-houses in need of renovation or rehabilitation have been no excepton. I say “have been” because some of this activity is ongoing. With low prices, decease low interest rates, order and an…

New Street in McLean – What Will be There?

If your commute happens to take you along Old Dominion Drive in McLean into, try or out of, malady Arlington then you have probably noticed the land development site pictured in this post. Near to the Chesterbrook Shopping Center (Safeway, two story Starbucks, etc…) this development story has been unfolding in the form of massive…

Relocating to DC? – Consider Renting First

For anyone relocating, or considering a relocation to the DC area my recommendation is almost always to rent first. Northern Virginia, DC, and Maryland offer a wide array of viable communities, each with its own perks and drawbacks. There are a number of great school systems to choose from, and there are locations that are…

The Home Search – Where are the Pictures?

It has come time to search for a new home, case or your first home, or you are just a glutton for looking at real estate listings. Like over 85% of people out there the first place you go to start your home search is your computer. What is the number 1 thing you wantto…

September Housing Recap – Falls Church

I went into to greater detail regarding my approach to the monthly local statistics on the Vienna post, so if you are interested in some additional insight into my perspective head on over there. However, for the remainder of the area’s updates I figured it best to jump right in. Like Arlington, looking at Falls Church…

September Housing Recap – Arlington

I went into to greater detail regarding my approach to the monthly local statistics on the Vienna post, so if you are interested in some additional insight into my perspective head on over there. However, for the remainder of the area’s updates I figured it best to jump right in. Looking at Arlington real estate…

September Housing Recap – McLean

I went into to greater detail regarding my approach to the monthly local statistics on the Vienna post, so if you are interested in some additional insight into my perspective head on over there. However, for the remainder of the area’s updates I figured it best to jump right in. So, having a look at…

September Housing Recap – Vienna

As I sort through the most recent Vienna real estate data posted for September I see that there is no shortage of subplots, each contributing to the broader picture. It is actually because of variables such as these that I rarely put much stock in the overall data set. It is of little good to…

Short Sales: A Home Buyer Opportunity in Northern Virginia?

This week I posted short sale listings for a number of localities in Northern Virginia and during the process I was intrigued by what I was finding. I made the statement yesterday, and expanded on that same statement in the video above: Short Sales could possibly present a great buying opportunity for the right buyers….

More Mixed Housing Data

Yesterday the Wall Street Journal reported (via the National Association of Realtors) that existing home sales were up 7.6% in August. That is all well and good, online but how did we fare in the DC metro area? The Washington Business Journal asked this very same question and came up with, you guessed it, mixed…

Has "Modular" come Full Circle?

In the post war building boom “Modular” homes began to earn their reputation. Did they provide shelter? Yes, viagra 100mg well for the most part, but that was about it. Modular has come to be associated with “trailer” homes, functional at best, and prime tornado bait. What is unfortunate is that this stigma may be…