Real Estate Blog 
Week Through 10/2/09 Fairfax homes update
Monday, October 5th, 2009 at 12:33pm. 138 Views, 0 Comments.
Sep 29 – Consumer confidence unexpectedly dipped in September, as Americans grew more concerned about the economy, their job prospects and their incomes.
Sep 29 – The Case-Shiller home price index indicated that in 18 of 20 major cities, home prices were up 1.6% in July compared in June, the third monthly increase in a row. Whether the expiration of the homebuyer tax credit or increased number of foreclosures will reserve this trend will be seen in the months ahead. Now these numbers differ for Fairfax, which I'll get into later.
Oct 1 – The pending home sales index 6.4% in August to its highest level since March 2007. The index, which tracks sales contracts signed on existing homes is designed to forecast actual sales has risen seven months in a row.
Oct…
Week Through 9/25/09 Arlington homes data
Sunday, September 27th, 2009 at 1:37pm. 125 Views, 0 Comments.
Sep 21 – For the fifth consecutive month, indicators have as the recession appears to be bottoming out and a recovery is very near.
Sep 24 – Federal Reserve Chairman Bernanke announced that it would extend its program to buy mortgage-backed securities into the first quarter of 2010 from December. He confirmed that the conditions would warrant continuing to keep short-term interest rates low for an extended period of time.
Sep 24 – Existing home sales dropped 2.7% in August, the first decline in five months. Nationally, the supply of unsold homes stood at 8.5-months, the lowest since April 2007. Locally, inventories continue to remain low.
Sep 25 – The recovery in the manufacturing sector stumbled in August, as a big decline in orders for new airplanes…
Week Through 9/18/09 Centreville homes information
Tuesday, September 22nd, 2009 at 11:57am. 130 Views, 0 Comments.
Sep 15 – Retails sales jumped 2.7% in August due in large part on the Clunkers program. Excluding autos, retail sales up 1.1% in August.
Sep 15 – Federal Reserve Chairman Bernanke said the recession has ended – at least based on the numbers. He cautioned that the labor markets could remain weak through 2010. We'll be following the market for Fairfax homes here very closely in the near future.
Sep 16 – Consumer prices increased 0.4% in August, pushed higher by gasoline prices. In the past 12 months the CPI has fallen 1.5%.
Sep 18 - Oil closed the week at $72.04.
Rates continue to stay low despite the expectation that the recession is over and we are headed for better conditions. Refinance activity has picked up once again for those that missed out…
Week Through 9/04/09 Ashburn homes related technicals
Sunday, September 6th, 2009 at 10:09am. 130 Views, 0 Comments.
Aug 17 – Builders’ confidence inched higher in August than at any time in the past year.
Aug 20 – Mortgage delinquencies hit another record with 13% of all mortgages either in foreclosure or at least one month behind.
Aug 25 – Prices of homes up 1.4% in 18 of 20 major cities in June [from May]. Only Detroit and Las Vegas saw prices to the downside.
Sep 1 – Boosted by low prices and the tax credit, pending sales of existing homes were boosted in July for the sixth straight month. Inventory in the Washington area is at all time lows and homes are moving quickly in the lower price ranges.
Sep 4 – Unemployment jumped to a 26-year high of 9.7% in August as payrolls fell 216,000, the 20th consecutive monthly decline. The drop met expectations of economists.
Week Through 8/14/09 Chantilly homes related datapoints
Monday, August 17th, 2009 at 5:01pm. 130 Views, 0 Comments.
Aug 11 – Companies slashed their worker’s hours in the second quarter, boosting the productivity in the workplace at an annualized rate of 6.4%. The fastest increase in six years.
Aug 12 – The trade deficit widened for the first time in nearly a year as increase prices was the primary reason.
Aug 13 – Retail sales fell 0.1% despite the boost that cash for clunkers gave the auto industry. Excluding autos, retail sales fell 0.6% v. an expectation increase of a 0.1%.
Aug 14 – Led by a resurgent automotive sector, industrial output was boosted in July for the first time since October.
Industrial production is one of four monthly indicators used to judge whether the economy is growing or is in a recession; the others are payrolls, incomes and business sales.
Week Through 8/7/09 Reston homes
Tuesday, August 11th, 2009 at 8:40am. 123 Views, 0 Comments.
Aug 3 – Conditions for the nations manufacturers continued to get better in July. The ISM manufacturing index is the strongest since September.
Aug 5 – Orders for U.S. made factory goods were boosted in June, outperforming expectations.
Aug 5 – The service industry contracted for the 10th consecutive month in July. The experts were expecting a small increase in the non-manufacturing index.
Aug 7 – In another hopeful sign the recession is easing, the government estimated that fewer jobs were lost in July than in any other month in nearly a year. The unemployment rate dropped to 9.4% from 9.5%. While that is a small decrease, economists were expecting the rate to increase.
Since the recession began in December 2007, 6.7 million jobs have been lost. …
Week Through 7/31/09 Gainesville, VA homes
Sunday, August 2nd, 2009 at 10:15am. 118 Views, 0 Comments.
Jul 27 – Sales of new homes were boosted by the biggest amount since November 2008, climbing 11% in June. The report was stronger than expected.
Jul 28 – Home prices went up on a monthly basis for the first time since July 2006, according to the national Case-Shiller home price index. On a month-to-month basis, prices in 13 of the 20 major cities went up an average of 0.5%. On a year-over-year basis, prices fell an average of 17.1% in these 20 selected cities through out the nation.
Jul 29 – Orders for durable goods sank 2.5% in June on weaker demand for autos, airplanes and computers. It was the largest drop since January.
Jul 31 – The second quarter Gross National Product fell at a 1% annualized rate in the second quarter, compared with an average…
Week Through 7/24/09 Oakton homes
Tuesday, July 28th, 2009 at 3:48pm. 114 Views, 0 Comments.
Jul 20 – The index of indicators went up 0.7% in June; the third straight monthly increase. The rise was slightly lager than expected, although not as strong as the last two months.
Jul 21 – Federal Reserve Chairman Bernanke stressed to Congress that the central bank has to tools it needs to conduct rate policy, but gave little clues how the tool would be used over the next six months. He said rates [short-term] would stay at historic lows for an extended period.
Jul 23 – Sales of existing homes were up 3.6% in June for the third consecutive month – and that is the first time that has happened since early 2004. Remaining inventories of unsold homes through out the Country are still high at 9.4-months. However, locally in Northern Virginia there is a…
Week Through 7/17/09 Alexandria homes number crunching
Tuesday, July 21st, 2009 at 12:38pm. 100 Views, 0 Comments.
Jul 13 – Consumer Prices increased 0.7% in June due to the rising cost of gasoline. The CPI has fallen 1.4% in the past year. The core index [excluding food & energy] only went up 0.2% in June.
Jul 14 – Sales at U.S. retailers rose a stronger-than-expect 0.6% in June, boosted by a big jump in auto sales. Excluding autos and parts, the gain was a modest 0.3% gain.
Jul 17 – New construction of homes expanded for the second straight month in June after hitting a record low in April. The starts are at their highest level since last November.
Jul 17 - Oil closed the week at $63.56 a barrel, up from $59.89 last Friday.
Rates reversed themselves this week rising more than ¼% as the stock market benefited from money coming out of the bond market. Friday’s…
Week Through 7/11/09 Leesburg homes datapoints
Tuesday, July 21st, 2009 at 12:36pm. 181 Views, 0 Comments.
Jul 2 – Payrolls were done 467,000 in June over 100,000 higher than economists expected. The unemployment rate ticked higher to 9.5% from 9.4% the previous month.
Jul 2 – Orders for U.S. made factory goods climbed 1.2% in May on a big jump in orders for transportation equipment. The overall orders were the highest since June 2008.
Jul 10 – The trade deficit narrowed by 9.8% in May. This is the lowest deficit since November and was unexpected. Exports boosted while imports declined in May. The report suggests second-quarter GDP may not decline as sharply as expected due to the improved trade outlook.
Jul 10 - Oil closed the week at $59.89 a barrel.
Rates continued to improve this week as investors concerns over the markets ability to absorb the…