Loudoun County Real Estate Snapshot
Labor Market
In the first two months of the third quarter, 2,038 jobs were added to the payrolls of Loudoun County. As a result of these new jobs, the average monthly unemployment rate fell from 5% during the second quarter to 4.7% for July and August. This steady job creation may help to maintain demand for home purchases. Favorable mortgage rates should support this trend.
BUYER'S MARKET SELLER'S MARKET
TREND
"The
Washington area housing market is in the early phases of the recovery
cycle. Of note, most major market indicators have improved compared to
one year earlier." -- MRIS Trends in
Housing, Year-End 2009 Report
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