No matter which side of the transaction you are on, seller or buyer, here are some charts tracking Northern Virginia trends in seller subsidies. Subsidies are amounts that a seller credits to the buyer for such items as closing cost help, lease buyout help, or funds to cover repairs. This has been compiled at George Mason […]
Posted on April 20th, 2007 by Brent DeRobertis
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Are you saving 10% of your gross income? That is a good figure to shoot for. How much you invest or keep it liquid is between you and your financial advisor. The following article about second mortgage default is related to buyers’ increasingly using 100% financing needing the second mortgage to secure their down payment, many times with a […]
Posted on April 9th, 2007 by Brent DeRobertis
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Ah, statistics. The interpretation is in the eye of the creator. According to the National Association of Realtors(NAR), sales of existing homes were up in February compared to January (Hooray), but, sales were down compared Feb 07 to Feb 06 (Boo). New construction sales were up February to January (Hooray), but, future contracts were down (Boo). According to NAR […]
Posted on March 25th, 2007 by Brent DeRobertis
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Some February stats for the housing Inventory. Metro DC much better than average.
 Daily Real Estate News  |  March 7, 2007Normal Rise in Housing Inventories Reported
Inventories of homes for sale rose 3.9 percent in February, but the percentage increase was no higher than it has been in previous years as sellers prepared for the spring selling season, according to […]
Posted on March 7th, 2007 by Brent DeRobertis
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The numbers of divorced,widowed, and never married women has grown substantially over the past decade and housing purchases reflect this. It is estimated that 22% of all home purchases are from this demographic. It is even higher in condo sales. New condo projects reflect this trend as designers tend to decorate/accessorize to what they perceive as “feminine […]
Posted on March 4th, 2007 by Brent DeRobertis
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Daily Real Estate News  |  February 7, 2007Steady Climb Seen for Existing-Home Sales
Consumers are beginning to respond to more favorable housing market conditions, with existing home sales expected to steadily increase into 2008, according to the latest forecast by the NATIONAL ASSOCIATION OF REALTORS®.
“After reaching what appears to be the bottom in the fourth quarter […]
Posted on February 7th, 2007 by Brent DeRobertis
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RISMEDIA, Jan. 29, 2007-Existing-home sales eased but prices stabilized as inventories tightened in December, while 2006 was the third-highest sales year on record, according to the National Association of Realtors®.Total existing-home sales - including single-family, townhomes, condominiums and co-ops - eased 0.8 percent to a seasonally adjusted annual rate of 6.22 million units in December […]
Posted on January 29th, 2007 by Brent DeRobertis
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Latest NVAR StatisticsÂ
As you can see from the chart, although condo prices have fallen and transactions are down, inventory is coming back down to where we have less than 10% more inventory in December 2006 vs. December 2005. My inkling is that there are more settlements going on in January than new listings. I suspect, the end of January 2007 available for […]
Posted on January 21st, 2007 by Brent DeRobertis
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