July 2010 
There are 77 blog entries for July 2010.
Weekly Housing Statistics from Fairfax Homes 7/20-7/23
Monday, July 26th, 2010 at 10:21am. 25 Views, 0 Comments.
20 – Housing starts fell 5% in June to an annual rate of 549,000 units, which is the lowest in eight months. The drop was worst than expected. Building permits for single-family housing fell 3.4% to an annual rate of 421,000, the lowest level since April 2009. The is consistent for Fairfax homes and Arlington, VA homes for sale
21 – Fed Chairman Bernanke told Congress that the Federal Reserve stands ready to take further actions if the economy slows significantly, or falls back into recession. He said the outlook is “unusually uncertain”, adding he expects moderated growth and low inflation. He added that lost jobs would take some time to be regained.
22 – Resales of existing homes fell 5.1% in June after the federal subsidy for home buyers ended. …
Weekly Housing Statistics from Fairfax Homes 7/13-7/16
Monday, July 19th, 2010 at 9:39am. 30 Views, 0 Comments.
Jul 13 – The trade deficit widened by 4.8% in May and was unexpected by economists who thought the deficit would narrow.
16 – Consumer prices fell 0.1% in June, reflecting the third straight month of decline. Lower gasoline prices mostly accounted for the decline. The core rate, excluding food and energy, rose 0.2%, but still remained very low. Over the past 12 months the CPI has increased 1.1%.
14 – Retail sales fell 0.5% in June, further evidence that the economy has slowed. Sales fell for the second straight month after seven consecutive increases.
16 – Consumer sentiment plummeted in early July, hitting the lowest level since August. This according to the widely followed Reuters / University of Michigan survey. The stock market tanked on the news. …
Weekly Housing Statistics from Fairfax Homes 6/29-7/9
Friday, July 16th, 2010 at 8:40am. 26 Views, 0 Comments.
Jun 29 – Home prices rose 3.8% in the past year in 20 major cities, according to the Case-Shiller home price index. April’s increase was the first after six straight monthly declines. This is consistent for Fairfax homes as well.
29 – Consumer confidence plummeted in June on increasing worries about jobs and the economy.
1 – As expected, new sales contracts on existing home fell sharply in May after the federal tax credit expired at the end of April. The pending home index plunged 30% after rising 23% between January and April. This index is an indicator of sales of existing homes, which are recorded at time of the closing.
2 – Private payrolls expanded in June by 83,000 v. forecast of 115,000. The unemployment rate fell to 9.5%, the lowest since July…
Does My Real Estate Agent Have Their Own Website
Thursday, July 1st, 2010 at 1:02pm. 42 Views, 0 Comments.
Perhaps a bit of an odd question. But is it important that my agent have their own website? Not only is the answer yes, but it’s imperative to where they should have a website that can help sell your home. First of all, we’re not on the dawn of the internet age, we’re knee deep in it and it’s become a part of our lives. With each year that passes, the percentage of home buyers and sellers that begin their research on the web increases, and we’re not talking about fifty percent, we’re talking about eighty to ninety-five percent, depending on the age group. With regard to Fairfax homes, we have an enormous amount of people relocating to Northern Virginia every month, because of the size of the federal government, the enormous technology center, it’s…