All Blog Entries by Super Admin 
There are currently 77 blog entries published by Super Admin.
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…
Weekly Housing Statistics from Fairfax Homes 5/24-5/28
Monday, May 31st, 2010 at 7:31pm. 52 Views, 0 Comments.
24 – Resales of homes rose 7.6% during April as Buyers rushed to complete sales before the expiration of a tax credit. However, the inventory of unsold homes surged to an 8.4-month supply [nationally not locally] – an unwelcome development. The Median price was up 4% in the past year [much higher locally]. Sales of distressed homes were down in April accounting for 33% of sales v. 45% a year earlier.
26 – New-home sales rose 14.8% in April to their highest level since May 2008. New-homes sales are up 47.8% compared with a year ago. The inventory of unsold homes lowered to 5.0-months from 6.2-months in March.
26 – Orders for durable goods rose 2.9% in April on stronger demand for airplanes and communications equipment.
28 – Personal income outpaced…
Fairfax Homes Events Calendar for Memorial Day Weekend
Sunday, May 30th, 2010 at 9:22am. 44 Views, 0 Comments.
FridayFriday, May 28, 10:00 a.m.
Blue Angels Air Show
http://activerain.comHead to the U.S. Naval Academy for the annual Navy air show performed over the Severn River in honor of this year's graduates. Viewing areas for the show include Ingram Field, portions of Farragut Field and Hospital Point on the Naval Academy Grounds.
Location: U.S. Naval Academy, 121 Blake Rd. Annapolis, MD
Information: www.blueangels.navy.mil
Cost: Free Friday, May 28 - Friday, Sept. 10, 5:00 - 8:30 p.m.
Jazz in the Garden
www.nga.govKick off this summer series at the National Gallery of Art's Sculpture Garden with the first free Friday concert of the season featuring jazz vocalist Leslie Summey, reminiscent of Billie Holiday.
Location: National Gallery of Art, Sculpture Garden and Ice…
Fairfax Homes Weekly Housing Info 5/19-5/21
Monday, May 24th, 2010 at 10:27am. 40 Views, 0 Comments.
19 – Consumer prices fell 0.1% in April as energy, housing, auto and apparel prices declined. The CPI was up 2.2% in the past year. The core CPI [excluding energy and food] was unchanged in the past year.
19 – The percentage of loans in foreclosure or with at least one payment past due was 14% in the first quarter of 2010, down slightly from the fourth quarter of 15%.
19 – Housing starts increased for the second straight month in April to an 18-month high, but building permits fell sharply, casting doubts on the momentum of the housing recovery. Permits for single-family homes fell 10.7%.
21 - Oil closed the week at $68.01 down from $71.61 last Friday.
Rates continued their downward trend slightly as the Greek debt crisis continues to move investors to…
Fairfax homes Weekend Calendar of Events recommendations
Wednesday, May 19th, 2010 at 6:06pm. 53 Views, 0 Comments.
ThursdayThursday, May 20 - Sunday, September 12, 10:00 a.m. - 5:30 p.m.
Yves Klein: With the Void, Full Powers
www.washingtonpost.comDon't miss the first major retrospective of this French artist's blend of modern and contemporary art including monochrome paintings and photographs of his experimental performance art.
Location: Hirshhorn Museum & Sculpture Garden - Smithsonian Institution, Independence Avenue and Seventh Avenue, SW, Washington, DC
Information: (202) 633-1000; http://hirshhorn.si.edu
Cost: Free
Thursday, May 20, 5:00 - 8:00 p.m.
Take Five!
http://americanart.si.edu
Head to the American Art Museum's Kogod Courtyard for an evening of big band, swing, doo-wop, pop originals and classics from Ellington, Gershwin and Sinatra performed by the Uptown…
Prices Fall in the Wake of the Tax Credit
Monday, May 17th, 2010 at 1:05pm. 40 Views, 0 Comments.
Now that the homebuyer tax credit has passed into history, many are starting to wonder whether many buyers were tacking the value of the credit onto their sales price. Prices now are falling in many markets and had buyers waited until the credit expired, they could have bought the same house without Uncle Sam’s help.
The National Association of Realtors reported last week that in the first quarter, 91 out of 152 metropolitan statistical areas reported median prices for existing single-family houses were higher than they were a year ago. Some 29 MSAs experienced double-digit increases. NAR chief economist Lawrence Yun credited the homebuyer tax credit for boosting sales in the opening months of the year.
Sales activity is down in many markets, like Albany,…