The U.S. Department of Housing and Urban Development announced this week that it plans to shut down for seven days sometime between May and September due to the forced government budget cuts to reduce spending known as sequestration.
During that seven-day shutdown, HUD says it will furlough more than 9,000 of its employees. It will spread out the shutdown days to limit the impact. It has not yet determined when those days will be.
HUD Secretary Shaun Donovan told a Senate panel last month that government spending cuts would have harsh consequences for housing programs. “The ripple effects are enormous because of how central housing is to our economy,” Donovan told the Senate panel.
Source: “Housing Department plans 7-day shut down due to sequester cuts,” Reuters (March 11, 2013)
Home Prices In Arlington Continue To Hike
The housing market in Arlington County is getting more and more expensive as potential buyers continue to have fewer homes and condos to choose from.
Inlet Cove is alongside Route 1 This neighborhood of townhouses is near grocers and eateries Inlet Cove is close to Fort Belvoir, Alexandria, and Potomac Mills shops, in the city of Woodbridge Interior to these properties are multilevel Inlet Cove is serene
Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, and is 21.1…
Some of the best housing deals are on high-end homes, many over $1 million. Some of them need TLC or they aren’t in the most-coveted locations. But there are plenty of desirable properties and lots of sellers who are getting impatient. Buyers with cash have the best opportunities. Buyers who need a mortgage should move…
The National Association of Realtors recently did a study about the characteristics of home buyers. Some of the findings might surprise you. Thirteen percent of buyers purchased a home with one or more parents and grandparents together with adult children. There were several reasons given for purchasing a multi-generational home. Cost savings; Children over the…
3 of Top 10 Wealthiest Counties Are In Northern VA
The nation’s wealthiest counties are all suburban retreats outside of large cities, according to an analysis by Forbes magazine.
The data comes from the U.S. Census Bureau, which examines the average incomes in 1,889 counties.
Of the top 25, 19 of these counties are on the East Coast – just outside of New York City, Washington, D.C., and Baltimore. Williamson County, outside of Nashville, Tenn., and Forsyth County, outside of Atlanta, are the only Southern counties on the top-25 wealthiest list. California has only two of the wealthiest counties, Marin and Santa Clara.
Here are the top-10 wealthiest counties on the list:
Loudoun County, Va.
Fairfax County, Va.
Howard County, Md.
Hunterdon County, N.J.
Somerset County, N.J.
Fairfax (city), Va.
Morris County, N.J.
Douglas County, Colo.
Arlington County, Va.
Montgomery County, Md.
Source: Forbes, Francesca Levy (03/04/2010)
Julie Nesbitt
Julie Nesbitt knows the back trails and by-ways of Northern Virginia real estate.
Established in 1974 with a mission to reduce homelessness, increase community support and promote self sufficiency, the Good Shepherd Housing and Family Services is operated by a multi-denominational board of directors and staff managing over 70 housing units. Good Shepherd Housing and Family Services is located in the Mount Zephyr Business Center at 8305 Richmond…
Are You Wondering How Much Your End Unit Townhouse At Belmont Bay In 22191 Will Sell For?
Data About Listings That Have Sold At Belmont Bay What's your home in Prince William County at Belmont Bay worth? Tez Green can help you find the market value of your home in 22191 for free. Phone Tez Green to learn more about his plan to market your end unit townhouse. He is also happy…
Comparing Value Based Upon The Average Price Per Square Foot In Prince William County?
How Much Does A Small Place Cost In 22191 in Prince William County? If you are a home hunter that believes the amount of living area that a home has is a predominant consideration, then you are pretty typical. Besides, a home hunter rarely completely ignores the amount of living area in a property. informs…
Current info about the real estate market 08/29/2024 in Woodbridge area Are you pondering purchasing real estate in Woodbridge area? There's a lot to learn about Woodbridge area real estate and we can help. As a matter of fact, even if you are not shocked by what is happening in Woodbridge area, you can benefit…
440 Belmont Bay Dr #417, Woodbridge Real Estate Announcement
What Sort Of Condo Can I Acquire In 22191 in Prince William County For $650,000? Purchasing real estate in Prince William County like 440 Belmont Bay Dr #417 is perhaps the most important purchase most residents of Prince William County will ever make. As a matter of fact, as a reliable real estate professional, Stuart…
Builders and developers are reporting growing optimism in the apartment and condominium market, according to the latest Multifamily Production Index, released by the National Association of Home Builders.
Condo Alexandria is Northern VA's condo expert
"The apartment and condo markets continue to improve as new household formations generate demand," says W. Dean Henry, CEO of Legacy Partners Residential in Foster City, Calif., and chairman of NAHB's Multifamily Leadership Board. "However, there are certain issues facing builders and developers that may impede their ability to keep up with this demand, such as the rising cost of building materials, labor shortages, and the price of land."
The Multifamily Production Index has been strengthening since the middle of 2010, and multifamily starts has been increasing since the end of 2010 to coincide with developers’ increased confidence, says NAHB Chief Economist David Crowe.
NAHB is projecting a 30 percent increase in multifamily starts in 2013.
Source: National Association of Home Builders Condo shoppers might want to check out these resources:
Inlet Cove is alongside Route 1 This neighborhood of townhouses is near grocers and eateries Inlet Cove is close to Fort Belvoir, Alexandria, and Potomac Mills shops, in the city of Woodbridge Interior to these properties are multilevel Inlet Cove is serene
Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, and is 21.1…
Some of the best housing deals are on high-end homes, many over $1 million. Some of them need TLC or they aren’t in the most-coveted locations. But there are plenty of desirable properties and lots of sellers who are getting impatient. Buyers with cash have the best opportunities. Buyers who need a mortgage should move…
The National Association of Realtors recently did a study about the characteristics of home buyers. Some of the findings might surprise you. Thirteen percent of buyers purchased a home with one or more parents and grandparents together with adult children. There were several reasons given for purchasing a multi-generational home. Cost savings; Children over the…
Established in 1974 with a mission to reduce homelessness, increase community support and promote self sufficiency, the Good Shepherd Housing and Family Services is operated by a multi-denominational board of directors and staff managing over 70 housing units. Good Shepherd Housing and Family Services is located in the Mount Zephyr Business Center at 8305 Richmond…
Society of Military Engineers is located in Old Town Alexandria VA
The Society of American Military Engineers (SAME), the premier professional military engineering association in the United States, unites architecture, engineering, construction (A/E/C), facility management and environmental entities and individuals in the public and private sectors to prepare for—and overcome—natural and manmade disasters, and to improve security at home and abroad.
Headquartered in Alexandria, Va., SAME provides its more than 27,000 members extensive opportunities for training, education and professional development through a robust offering of conferences, workshops, networking events and publications. With a membership that includes recent service academy graduates and retired flag officers, project managers and corporate executives, Department of Defense civilians, private-sector experts and everyone in between, SAME is bridging the gaps between critical stakeholders to advance the field of military engineering and help secure our nation. -
Established in 1974 with a mission to reduce homelessness, increase community support and promote self sufficiency, the Good Shepherd Housing and Family Services is operated by a multi-denominational board of directors and staff managing over 70 housing units. Good Shepherd Housing and Family Services is located in the Mount Zephyr Business Center at 8305 Richmond…
Nesbitt Realty is licensed in Virginia.Virginia House Bill 2313 which recently was approved by the Virginia General Assembly. Among other provisions, each designed to facilitate statewide transportation funding, the Virginia Grantor's tax charged to all Sellers of real property will increase from $1 per thousand (in the greater of the sales price or assessed value) to $3.50 per thousand. Consider this a pyrrhic victory, as the original proposal called for an increase to $5 per thousand. Unlike a number of years, this Bill will not be struck down as unconstitutional. This change will take effect July 1, 2013, and should be factored into your seller's net sheets for all transactions sent to record on or after that date.
Alexandria Residents To Benefit From Emergency Rental Assistance Program
Residents in Alexandria who are facing financial hardship due to the coronavirus crisis can benefit from the COVID-19 Emergency Rent Relief Assistance Program recently launched by the City.
Alexandria Opens Temporary Drop Off Site For Collection Of Yard Waste
Reisdents of Alexandria will now be required to drop off their yard waste at a temporary drop off site set up by the City. Due to concerns of the coronavirus the City was forced to suspend the collection of garbage as it seeks to protect employees from the risk of the virus.
Amazon Makes Donation To Alexandria And Greater Washington In Fight Against COVID-19
Amazon has provided assistance to the City of Alexandria and the Greater Washington area through a monetary donation of $1mil. The $1 million donation will aid in the emergency COVID-19 response funds which will benefit four local community foundations.
Increase in Real Estate Tax To Be Approved By Alexandria City Council
The Alexandria City Council has voted for a real estate tax rate increase to $1.155 per $100 of assessed value from the current $1.13 which would represent an increase of 2.5 cent.
If you're thinking of buying a new construction, you probably already know that every new development will have its own sales staff. These people are often friendly, helpful and very knowledgeable about the new condominium or new house. However, the on-site sales people work to sell this property only. That means that the on-site staff of a new condominium knows the property as-well-as or better than anyone around and they are there to assist you. But that also means that the on-site sales staff works for the builder.
When in the market for a new condo or a new home, it's a good idea to employ a buyer's agent such to protect your interests. A condominium agent knows the entire area, not just one property. A buyer's agent knows the pitfalls and benefits of buying new, and best of all it won't cost you one dime more than if you use the onsite staff. You have a right to representation: exercise that right today!
[read more about Buyer's Representation]
[new homes for sale]
Condo shoppers might want to check out these resources:
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