Monthly Archives: May 2012

APRIL PENDING HOME SALES DOWN 5.5%. WHY THIS IS A POSITIVE.

The business shows are all regaling us with this “negative news” about the latest national April pending home sale figure: Down 5.5%. You know the script: steam coming out of the housing market; economy must be slowing…ya-da-ya-da-ya-da. This is a great … Continue reading

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NATIONAL MEDIA CATCHING UP TO HOUSING RECOVERY

It seems that Northern Virginia is not the only place in America in which supply shortages, low rates, increasing rents, and deflated prices have created the perfect storm for housing prices to rise dramatically. This from BankRate.com today…. http://www.bankrate.com/finance/news/rates-great-home-prices-less-filling.aspx. Good … Continue reading

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RESTON TOWN CENTER PRICES SURGING; FUNDAMENTAL SHIFT OCCURRING

In keeping with past practices, I will keep this short. There is an acute shortage of available housing units in the Reston Town Center, and in many other sections of Northern Virginia. Real estate is strong again. Interest rates are … Continue reading

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