Revised to include new 5405 instructions The world of residential real estate in the U.S. is facing an expiration date of historic proportions in 2010 that buyers and sellers need to pay attention to for a variety of reasons. April 30, 2010 is the last day that buyers and sellers can "enter into a binding contract" for a real estate transaction to Continue Reading
It’s a Home Buyer’s Market, right?
Well, not really in Northern Virginia! In the grand scheme of things, we should see home buyers having the best of times with this real estate market. The available home buyer tax credits, home prices are the lowest in years, mortgage interest rates are still around 5%, spring is in the air... okay, that's a stretch. As I went over NVAR's end Continue Reading
There’s some fudge in those NAR home sales numbers
Image via Wikipedia REVISED As I was driving over to my office today, I heard on WTOP exciting new statistics released by the National Association of Realtors about pending home sales jumping last month. Of course I like that news since I’m in the home-sale-biz, but I feel like there is a considerable amount of “fudge” in those numbers. I say Continue Reading
Best home buyer’s market in 20 years!
AN UPDATE: Please note the date on this blog post. Here I am in May 2012 and the tide has turned in favor of home sellers in most of Northern Virginia. If you really want to see a contrast, take a look at this blog post on the Vienna Virginia real estate market in 2012! -Cheers I wrote an update post on the expanded tax credit for home Continue Reading
