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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. Have a question or thinking about buying or selling home I am just a phone call away 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
Still unsure about the Norther Virginia residential Real Estate market?

Are you a home buyer who is still on fence about Northern Virginia residential Real Estate Market ? So let's get your facts straight:

Forbes recently released richest counties in the country guess who is on the top of the list? Loudoun (#1), Fairfax (#2), City of Fairfax (#6), Arlington (#9), Stafford County (#12), Prince William County (#14) and City of Alexandria (#23)

We do have a low unemployment rate. Don't want to beat the old drums. Data directly from the Bureau of Labor Statistic shows our unemployment rate is at 6.2 which is way below than double digits in some states.

We have already seen an increase in our real estate market median home price in January. Even with the worst winter in the history of the DC metro area we are expecting the February numbers to be very competitive.

Lower inventory and investor being back in the market place  has led us into multiple bid situations. Which is  a challenge once again for our home buyer

First time home buyer & Repeated buyer tax credit expires in 7 weeks.  Yes in 7 short weeks!! So get the contract ratified before April 30th and have settlement prior to June 30th to get that tax credit.

New changes coming to the FHA loan program starting April 5th. Speak to your lender to understand how this will affect your purchasing power.






Associate Broker
EcoBroker, ABR, ePRO
Samson Properties
Cell - 703-625-4949
Email - info@eNOVAHomes.com
Web: www.eNOVAHOMES.com




Posted: Tuesday, March 09, 2010 10:57 PM by Ritu Desai

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