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January 2007 - Posts

New Homes Sales up in December

The number of new homes sold in December rose more than expected, suggesting that the depressed market could be turning a corner, but sales for all of 2006 still took their biggest annual slide in 16 years, according to government figures released yesterday.

Mortgage Lenders Seek Ways to Avoid Foreclosure

The number of borrowers whose mortgages are at some point in the foreclosure process has hit the highest level in five years. The mortgage industry, which ultimately is uninterested in owning properties, is reaching out to troubled borrowers, trying to
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Loudoun County, Virginia-Buyer & Seller's Market Report

Employment increased by 1,785 jobs in Loudoun County during July and August. However, the number of job seekers also increased. The combined effect of these two trends was an increase in the average monthly unemployment rate from 1.8% for the second quarter