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Fairfax, Loudoun County Virginia -Residential Real Estate Market Blog

Keep yourself up to date with the Northern Virginia Real Estate market and other local Northern Virginia information. Have a question or thinking about buying or selling home call Ritu Desai at Samson Properties at 703-625-4949 or email me at Info@eNOVAHomes.com.

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  • Northern Virginia -Fairfax, Loudoun, Alexandria, Arlington & Prince William Blog, real estate Market condition written by Ritu Desai at Samson Properties.

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March 2007 - Posts

30-Year Mortgage Rate Holds Steady
While the 30-year fixed mortgage rate held at 6.16 percent this week, Freddie Mac reports a dip in the 15-year fixed rate to 5.86 percent from 5.9 percent a week ago. The five-year adjustable rate fell to 5.88 percent from 5.91 percent, but the one-year Read More...
Home Warranty
We often see on the real estate sign post "Free Home Warranty". As a first time home buyer or even a savvy buyer may not know what it is and why would they need one. A Home Warranty is Not Hazard Insurance Don't confuse a home warranty with Read More...
Claude Moore Park Recreation Center
Much awaited Claude Moore Recreation center in Loudoun county/ Sterling will open on March 31st for the resident. It has Latest Fitness equipment including Cybex & Nautilus State-of-the-Art Rock Climbing Wall 50-Meter Competition Pool / Diving Boards Read More...
Drop in Sales Of New Homes
Sales of new homes plummeted in February for the second consecutive month, an unexpected drop that dashed hopes of an imminent recovery in the housing market. The Commerce Department reported yesterday that sales of new single-family houses dropped 3.9 Read More...
Great Faifax County Location! brand new Ryan Homes Community
Builder Ryan homes recently did a ground breaking for a new community in Chantilly right off Centreville road. Minutes to to Rt. 28, Rt. 50, Fairfax County Parkway, Toll Road and I-66. They are offering 3 models : Hammond Upper $590's Sheridan Upper Read More...
FHA Comes to the Rescue Of the Credit-Challenged
With the subprime mortgage industry in free fall, where do home buyers with less-than-perfect credit turn for financing? The news reports are grim. Dozens of subprime lenders closed their doors or cut back sharply on new mortgage offerings. Lenders are Read More...
Numbers Don't Lie, But They Do Confuse
With all the conflicting reports on housing prices and the direction of the market, you might ask: What's really going on out there? If, as the National Association of Realtors reported last month, the median price of an existing home nationwide fell Read More...
The Fairfax County board approved new project
A development of up to 720 apartments and stores on a 15-acre parking lot at the Dunn Loring-Merrifield Metro station won unanimous approval yesterday from the Fairfax County Board of Supervisors. Read Article Read More...
Subprime Mortgages-What it means for you
We have heard various bubbles burst for past decade from stock, oil to real estate. Now the buzz word is lending industry and its mortgages. Banks and mortgage companies would sharply scale back lending to two groups: subprime and "Alt-A" borrowers. Read More...
Good or Bad NEWS - Property Assessments
When I received my tax bill I was not surprised that my primary resident assessment dropped significantly. My husband looked up to me and asked whether its a good news or bad news. With a pause I can understand its great news if you are not planning to Read More...
January New Home Sales Fall 16.6 Percent
According to the Washington Post article the sales of new U.S. homes fell 16.6 percent in January and prices were little changed as the number of new homes on the market decreased slightly, according to a government report on Wednesday showing some weakness Read More...