Ritu Desai- Top Producer Realtor in Northern Virginia

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 sell your home but not exciting news if you are planning to sell.  According to Washington ...

  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 in the unsteady housing sector. The monthly decline was the sharpest in 13 ...

GREATER NORTHERN VIRGINIA AREA* HOME SALES REPORT January 2007JANUARY HOME SALES2007 2006Single Family Homes1,7411,783Condos & Co-ops493509TOTAL(-2.53%) 2,2342,292DAYS ON MARKET  JANUARY(+87.93%) 11461ACTIVE LISTINGS  Single Family Homes13,08110,817Condos & Co-ops2,8442,546TOTAL(+19.17%) 15,92513,363AVERAGE SALES ...

By Kenneth R. Harney Saturday, January 6, 2007; F01   What's the shape of a post-bubble, post-correction real estate market? And more to the point: What does that mean for you? Those questions are becoming increasingly relevant as the latest sales data show a small but unmistakable uptick in activity and declining unsold inventories. ...

Employment increased by 7,326 jobs in Fairfax County during July and August. However, the number ofjob seekers also increased. The combined effect of these two trends was an increase in the averagemonthly unemployment rate from 2.3% for the second quarter to 2.4% in the first two months of the thirdquarter. The solid job growth may help to offset ...

Employment increased by 1,785 jobs in Loudoun County during July and August. However, the numberof job seekers also increased. The combined effect of these two trends was an increase in the averagemonthly unemployment rate from 1.8% for the second quarter to 1.9% in the first two months of the thirdquarter. The solid job growth may help to offset ...

The year will end with existing-home sales 9 percent lower than in 2005 and home-price appreciation closing out the year essentially flat. The more cyclical new home sales are projected to finish the year 18 percent below that of last year, and post a reduction in prices. But there is good news: the market has essentially already bottomed. The ...

There are reasons to be optimistic about real estate next year, a BusinessWeek Online analyst says. New and existing home sales might slide further in 2007, but there won’t be a sharp decline like there was in the early ‘80s and ‘90s. Why? Because the overall economy is in good shape. Some markets will become much more ...

Mortgage fraud has been a problem for the lending real estate industry. The National Association’s Risk Management Committee created a brochure for the to help Realtors, buyers and sellers identify and explain the issue. The warning signs in a transaction.  Please find attached brochure. If you have any questions on your mortgage ...

A Failure to CommunicateBy Ken Fears -Manager of Regional EconomicsOver the last five years, the median home price has grown tremendously. Nationally, the median price rose 25% over this period, but some markets grew in excess of 200%. This run up in prices was precipitated by the sharp fall in mortgage rates from 2000 through 2005, which improved ...