Anyone traveling around Tyson’s Corner has seen the rebuilding of much of the infrastructure first hand. There will be a new Metro-rail line which includes a short tunnel from International Drive to Route 7, the reconfiguration of the beltway to include HOT lanes, and the underground utility realignments. Any change this big generates growing Continue Reading
Figuring out the McLean home market… April 2009
With all you read about the housing market, buying a McLean home appears to be a roll of the dice right now. I just looked over resale data from MRIS of the McLean zip code ( 22101) for the month of April and noticed a big drop in the number of units sold. Total Units Sold in April 2009, 28 vs. 34 in 2008 (down 17.65%) Average Sold Price in Continue Reading
McLean lender reports mortgage rates increased last week, watch out!
(2009)Mortgage rates in Northern Virginia will likely stay close to their current range for the rest of the year, if you ask me. So don't panic home buyers... your rate should be there. Next week is the mid-year NAR conference in Washington D.C., and you should expect the usual cast of characters to address the one-million member association. Continue Reading
A peek inside Wolf Trap’s Filene Center in Vienna
In the Northern Virginia, you need a driving strategy.
Talk to anyone who has been in the area for a day or two, and I'm sure the topic of traffic will come up. How long it took to drive to work or the tie up on the beltway for no other reason than heavy volume. It is the smart people who factor that in when looking for a home to buy. And the reality is that paying an extra $250k may just save your Continue Reading
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