Here is a quick list of some of the most important news items and industry observations from the past month. Each of these could have a profound affect on real estate and decisions you might make regarding your real estate situation.
Jeff Barnett wins the Democratic Nomination for US Congress for the 10th District of Virginia - That would be our district. His number one issue is real estate and he has a plan that is pro-consumers vs. pro-banks. That is a welcome change from the current office holder who held a short sale meeting in Loudoun County last summer and proceeded to parade a bunch of bankers across the stage that gave lip service to the concerned real estate professionals regarding the short sale market. Our concerns were realized and the banks continue to make billions while only helping a select few. And it didn't help that Congressman Wolf paid little to no attention during the town hall style meeting.
Inventories are starting to grow - As of today there were almost 1200 active listings in Loudoun County. This compares to only 815 at the beginning of March. This will dampen any price increases for the foreseeable future. Also, there still remains a shadow inventory that banks refuse to release.
The tax credit will end for most people on April 30th. It was extended for an additional year for certain members of the military, foreign services and intelligence communities.
Rebates are available for all real estate transactions in the United States (not just Loudoun County) through the VIP Cashback Program.
Short sales continue to present the best buying opportunities. I have recently worked with 3 purchasers and all bought short sales. Two were approved in under 45 days and at prices $15,000 - $20,000 below appraised values.
On a side note, my real estate company website, Complete Home, is currently being redone with a new theme. It is a work in progress but should be a great resource for buyers and sellers once it is completed.
I'm looking forward to going through these and learning! I've been looking for links like these for a long time. Thanks for sharing.
Paula M
Posted by: philippine real estate | May 06, 2010 at 01:53 AM
Thank you very much that's good that we do know this at any time any of us could get this and believe.
Mitch
Posted by: condo Philippines | June 23, 2010 at 03:38 AM
Hi
Our concerns were realized and the banks continue to make billions while only helping a select few. And it didn't help that Congressman Wolf paid little to no attention during the town hall style meeting.
Posted by: Real estate in Pakistan | June 23, 2010 at 07:09 AM
Great to see a pro-main street politician in your area. Hopefully this reinvigorates your market somewhat as it appears to be flat lining in most markets.
Posted by: Boiling Springs Homes | August 17, 2010 at 07:10 PM
is rebates are available for all real estate transactions in the United States?or there are also other countries?
Posted by: How To Build Credit | September 17, 2010 at 10:37 AM
So, why does the county real estate property appraisal continue to go up & the bank appraisal value goes down?
Posted by: Poplar Bluff Real Estate | November 05, 2010 at 03:08 AM
I appreciate your post, thanks for sharing the post, i would like to hear more about this in future
Posted by: Inventory POS System | January 03, 2011 at 02:28 AM
Short sales on housing units sound good for buyer. But for real estate agents, like me, it's a noise. :)
Thanks for this post!
Ray Brickman
Posted by: Ray Brickman | August 26, 2011 at 02:13 AM
good post. true rick, short sales benefits the buyer.
Posted by: socorro | October 28, 2011 at 09:54 PM
Voila, I can now use 2007 as if it was 2002,
Posted by: Office 2010 | January 19, 2012 at 01:41 AM