Thursday, January 19, 2012

Friday, January 13, 2012

RE/MAX Co-founder - Peoples Choice Winner

RE/MAX co-founder voted People's Choice Most Influential in Real Estate! MORE

Wednesday, January 11, 2012

Tuesday, January 3, 2012

No. Va. Real Estate Market Video!

This is the latest MarketWatch video available for Northern Virginia. It contains some hints about what we can expect in the spring as well as how we are finishing at 2011!

Wednesday, December 28, 2011

Short Sales Replacing Foreclosures Locally!

Take a quick look at the chart below and you will see foreclosure sales, as a percentage of our market, are at their lowest point in the last two years. At the same time short sales are near their peak. As we look forward to the coming year the trend appears to be increasing numbers of short sales not foreclosure sales. It is hard to understand why this is occurring while banks are continuing to foreclose on properties, but the reality is that banks are foreclosing, holding the properties in their inventory, and simply not reselling them. It will be interesting to see if the banks are going to use some other method to move REO's from their inventory.

Thursday, December 22, 2011

Shadow Inventory Report - CoreLogic

The December 2011 shadow inventory report from CoreLogic has just been released. This report shows that the shadow inventory has been unchanged in the last quarter and is still at January of 2009 levels. This represents a five month supply of homes in the shadow inventory. For an in-depth report click here .

Wednesday, December 21, 2011

Housing Crash 14% Worse Than Reported!

The housing crash of the last few years was 14% worse than it had been reported. This error was caused by the error in the numbers that were reported by the national Association of realtors. For a complete explanation click here for a comprehensive CNBC article.