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Author: Allison Nesbitt Johns

Allison Nesbitt Johns is a native of Northern Virginia and a graduate of James Madison University. She is a full-time elementary school teacher and helps out at Nesbitt Realty during summer months and other times when school is out of session.
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Five Root Causes for Depressed Homeownership Rate in Alexandria

Five Root Causes for Depressed Homeownership Rate in Alexandria

The National Association of REALTORS recently held the Sustainable Homeownership Conference at the University of California, Berkeley, where a group of experts discussed potential ways to reverse the decline in homeownership. During the meeting, the five main reasons why would-be buyers are locked out of the housing market were discussed.
Kim Nesbitt, Nesbitt Realty, Will Nesbitt, Stuart Nesbitt, Nora Yelland, Julie Nesbitt
Team Nesbitt is hear to serve your real estate needs.
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Sales to Resident Foreigners and Non-Residents Each Reach New Peak in Alexandria

Sales to Resident Foreigners and Non-Residents Each Each New Peak in Alexandria The upswing in foreign investment came from both recent immigrants and non-resident foreign buyers as each increased substantially to new highs. Sales to foreigners residing in the U.S. reached $78.1 billion (up 32 percent from 2016) and non-resident foreign sales spiked to $74.9 billion (up 72 percent from 2016). “Although non-resident foreign purchases climbed over the past year, it appears much of the activity occurred during the second half of 2016,” said Yun. “Realtors® in some markets are reporting that the effect of tighter regulations on capital outflows in China and weaker currencies in Canada and the U.K. have somewhat cooled non-resident foreign buyer interest in early 2017.” Continue reading

Foreign sales rise in top five countries; three states account for nearly half of all purchases

Foreign Sales Rise in Top Five Countries; Three States Account for Nearly Half of All Purchases Buyers from China exceeded all countries by dollar volume of sales at $31.7 billion, which was up from last year’s survey ($27.3 billion) and topped 2015 ($28.6 billion) as the new survey high. Chinese buyers also purchased the most housing units for the third consecutive year (40,572; up from 29,195 in 2016). Rounding out the top five, the sales dollar volume from buyers in Canada ($19.0 billion), the United Kingdom ($9.5 billion), Mexico ($9.3 billion) and India ($7.8 billion) all increased from their levels one year ago. Continue reading

Foreign U.S. Home Sales Dollar Volume Surges in Alexandria 49 Percent to Record $153 Billion

Foreign U.S. Home Sales Dollar Volume Surges in Alexandria 49 Percent to Record $153 Billion

Fueled by a substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new high, as transactions grew in each of the top five countries where buyers originated. This is according to an annual survey of residential purchases from international buyers released today by the National Association of Realtors ®, which also revealed that nearly half of all foreign sales were in three states: Florida, California and Texas. Continue reading

Creating a Home’s First Impression in Alexandria

Creating a Home's First Impression in Alexandria   Curb appeal is a home’s first impression, and the first chance to impress potential buyers. Whether buyers are amazed by a beautiful and immaculate yard or turned off by dirty exterior walls and an overgrown lawn can meaningfully affect the speed and price at which a home sells. Improving a home’s curb appeal can be as simple as repainting a front door and getting rid of weeds in the front yard, or as involved as creating an outdoor lighting design and replacing all of a home’s windows. Before placing a home on the market, it is important to make sure that the home is prepared - inside and out - so it sells quickly and for top dollar. Continue reading