June 2010 
There are 77 blog entries for June 2010.
Weekly Housing Statistics from Fairfax Homes 6/15-6/18
Monday, June 21st, 2010 at 12:05pm. 37 Views, 0 Comments.
15 – Sentiment among home builders retreated in June after the tax break for home buyers expired. Builders were more discouraged in all four regions of the country. Builders all across the area, including Fairfax, Reston, Vienna, Great Falls, McLean, Middleburg, Chantilly, Centreville, Bristow, Haymarket and Gainesville agreed with this negative outlook.
16 – As expected, home builders sharply reduced construction as the tax break expired. Housing starts fell 10%, the lowest annualized rate since December, with single-family homes dropping 17% to the lowest in a year.
17 – Slower growth is expected for the rest of the year according to government economists. The index of leading economic indicators rose 0.4% in May, but was below the expected gain of…
May Stats are in for Fairfax Homes
Wednesday, June 16th, 2010 at 12:56pm. 43 Views, 0 Comments.
2010 2009 % Change Total Sold Dollar Volume: $ 640,265,153$ 559,661,003 14.40 % Average Sold Price:$ 448,994$ 420,482 6.78 % Median Sold Price: $ 390,000$ 360,000 8.33 % Total Units Sold: 1,4261,331 7.14 % Average Days on Market:3877 - 50.65 % Average List Price for Solds:$ 467,357$ 455,928 2.51 % Avg Sale Price as a percentage of Avg List Price:96.07 % 92.23 %
These statistics are for Fairfax County specifically. Good news all around, particularly in response to the tax credits offered to new and repeat home buyers. With those gone, the jury is out on what the market does going through the end of 2010. I for one am not optimistic, and trust me, I want to be wrong as this is my living. Fairfax home and Arlington, VA homes for sale, houses on the…
Weekly Housing Statistics from Fairfax Homes 6/9-6/11
Tuesday, June 15th, 2010 at 10:56am. 46 Views, 0 Comments.
9 – According to the Mortgage Bankers Assn. purchase and refinance applications dropped this week, even after an adjustment for the Memorial Day holiday. Purchase applications are now 35 percent below their level of four weeks ago, as homebuyers have not yet returned to the market following the expiration of the homebuyer tax credit at the end of April.
10 – Freddie Mac reported that this week rates hovered near their record low set in early December 2009.
11 – The University of Michigan’s index of consumer sentiment rose in June, bettering some analyst’s expectations.
11 – Retail sales declined for the first time in eight months in May, tumbling a surprising 1.2%. Declines were seen across all sectors.
11 - Oil closed the week at $73.78 up from $71.51…
June 19 Housing Event in Fairfax
Tuesday, June 8th, 2010 at 8:52am. 46 Views, 0 Comments.
MRIS is a sponsor of the Housing Fair and Cash Counts Expo to be held in Fairfax, VA. Topics covered at this day-long conference include:
- Mortgage review with a housing counselor
- Overview of HAMP and HAFA programs
- Info on VA Counties Down Payment Assistance Programs
- And a special presentation, “Effective Use of Social Media Tools for Success” by MRIS’ own Director of Marketing, Marie Still.
This free event is open to the public but requires pre-registration. View this flyer for more information and registration forms.
Weekly Housing Statistics from Fairfax Homes 6/1-6/4
Sunday, June 6th, 2010 at 8:29pm. 39 Views, 0 Comments.
2 – Pending home sales have risen for three consecutive months, reflecting the impact of the homebuyer tax credit and favorable housing conditions, according to the National Association of Realtors. Fairfax homes responded in kind with these statistics.
3 – Orders for U.S. made factory goods increase 1.2% in April, led by airplane orders and parts.
3 – The service industry grew for the fifth straight month in May.
3 – The economy added 431,000 new jobs, however 411,000 were temporary Census jobs. This was a very disappointing report for the economy. Unemployment went to 9.7% from 9.9%.
3 - Oil closed the week at $71.51 up from $73.97 last Friday.
Rates rose slightly this week, although based on Friday’s Job’s Report rates could stay at these low levels…