A Little Multimedia For Us
Here is the multimedia presentation of the recent market stats. I like it.

Market Stats Keep Improving
Northern Virginia housing sales statistics for October were published today and they are consistently improving, especially in the lower end of the market. Just over 10% more homes sold this October compared to a year ago. Median prices are down only .6% and the number of days a property is on market is down by 38%. A total of 1990 homes went under contract last month, with 6877 listings still active. On a weekly basis, Halloween week was frightfully busy! The week of October 31, 52% more homes went under contract than a year ago. That

Will The Tax Credit Go Viral?
In my world of real estate, the federal government extending the first time home buyer tax credit and adding a new credit for current home owners is big news. My Realtor friends, I, and many first time buyer clients were holding our collective breath last week and shouting a resounding “yes” as Congress and President Obama did their bit to continue to stimulate the housing market. And in this day of quick media, I wasn’t surprised when one of my clients told me that she’d received a

New Tax Credit to Get Home Owners Thinking
President Obama is expected to sign a bill today extending the $8000 first time homebuyer tax credit and enacting a $6500 tax credit for repeat buyers who’ve been in their house five of the last eight years. Both credits are good until May 1, 2010. The extension and the new credit offer an additional nudge to buyers compared to the current first time buyer tax credit. It will likely be

Tax Credit Good For First Timers; Help For Old Owners?
Great news for the lower end housing market and a slight nudge for the upper ends. Congress is expected to extend the $8000 first time homebuyer tax credit this week until May 1, 2010, and offer a new tax credit of $6500 to repeat buyers who purchase between December 1 and May 1, 2010. Those repeat buyers must have lived in their house for five consecutive years. The bill also allows more people to qualify: the new income limits are $125,000 for single tax filers and $225,000 for married couples. The first time homebuyer tax credit has really given the first time buyer m