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Van Metre Homes Pays Government Employees To Forego Representation
2008-01-10 13:31:00
Van Metre Homes is giving government employees a 3 percent credit if they forego representation by a real estate agent/broker. This sounds like a sweet deal, doesn't it? Most consumers will answer that question "yes!" After all, 3 percent on...
More About: Government , Employees , Pays

Virginia Supreme Court Hears Arguments Against Increased "Grantor's Tax"
2008-01-08 20:26:00
The Virginia Supreme Court will hear arguments today in the case of the new transportation taxes (aka increased "Grantor's Tax") set by the Northern Virginia Transportation Authority (NVTA). NVTA Vice Chairman is "fairly confident that the NVTA is going to...
More About: Loudoun County

Assessed Values and The Loudoun County Budget
2008-01-08 14:44:00
Assessed values for property in the state of Virginia (Loudoun County included) are based on the market value of homes as of January 1st of each year. Questions have arisen recently regarding this extremely important practice especially here in Loudoun...
More About: Economics , Budget , Values , Loudoun County

Loudoun County Real Estate Statistics - December
2008-01-03 15:13:00
Here is the first look at just how bad the real estate market is in Loudoun County . The table below compares sales numbers for this December against December of 2006. Loudoun County December Sales Statistics 2007 2006 (+/-) % Houses...
More About: Estate , Real Estate , Real

Thank You and Happy Holidays!
2007-12-21 18:00:00
We wanted to say thank you to all of you for checking out Loudoun Stats and for sharing your comments and feedback. We wish everyone a happy and safe holiday season and a happy new year!
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Loudoun County Community Overview - Ashburn Village
2007-12-21 15:00:00
Ashburn Village is a subdivision located within Ashburn, Virginia in the eastern part of Loudoun County . Ashburn Village opened for development in 1987 and is nearly complete. It's situated on over 1,500 acres (6 km²), with over 5,000 residential units...
More About: Community , Loudoun County , Overview

The Outcome Of Last Week's Foreclosure/REO Knowledge Poll
2007-12-21 01:49:00
We conducted a poll last week to test your knowledge of Loudoun County foreclosures, REOs and short-sales. The poll asked the question "What percentage of properties for sale in Loudoun County are foreclosures/REOs or short-sales?" Well, here are the results:...
More About: Foreclosure , Poll , Knowledge

Ridgewater Park Scrapped After Disagreement With Loudoun County
2007-12-18 20:13:00
According to the Loudoun Times-Mirror, Leonard S. "Hobie" Mitchel withdrew his application for the Ridgewater Park development south of Leesburg. The move by Hobie Mitchell comes after a December 11 vote by the Loudoun County Board of Supervisors to try...
More About: Loudoun County

Public Hearing On Northern Virginia Transportation Authority's Future Proje
2007-12-18 16:42:00
The Northern Virginia Transportation Authority (NVTA) will hold a public hearing on Thursday, January 10, 2008 to get the public's feedback on their proposed plan and projects for fiscal years 2008 to 2010. Here's the official notice with more information:...
More About: Future , Public

With Loudoun County Projecting 2009 Budget Shortfall, Will Tax Rate Increas
2007-12-16 22:29:00
Loudoun County officials are projecting a 2009 budget shortfall of $251M (full story here). The current budget was approved by supervisors last April, at which time they were counting on over 70 percent of tax revenue coming from real estate....
More About: Budget , Loudoun County , Rate

Loudoun County Community Overview - Ashburn Farm
2007-12-15 15:27:00
Ashburn Farm in Ashburn, Virginia is a master planned community situated on 1370 acres in the west central part of Ashburn in Loudoun County , Virginia. It?s well known for it?s abundance of trees, greenery, trails and amenities. The majority of...
More About: Community , Loudoun County , Overview

Loudoun County Center Of Foreclosure/REO Media Attention
2007-12-14 14:30:00
Loudoun County seems to be at the center of media attention when it comes to foreclosures. From local newspapers to Reuters, The Wall Street Journal and others, everyone seems to be writing and talking about Loudoun County and foreclosures. But...
More About: Media , Foreclosure , Center , Attention

Update On Arcola Center And Dulles South Area
2007-12-13 19:54:00
The Loudoun Times-Mirror yesterday reported on the latest regarding Arcola Center including this map of the proposed development: Arcola Center was rezoned to include to 1,169 residential units and 2.6M square feet of commerical and industrial uses on 312 acres....
More About: Update , South , Area , Loudoun County

Loudoun County Home Sales Off Significantly; Ashburn, Leesburg Hit Hardest
2007-12-13 18:19:00
Through the first 12 days of the month of December, the number of homes that have gone under contract in Ashburn and Leesburg has dropped tremendously compared to the same period last year. In Ashburn there have been only 16...
More About: Sales , Home , Statistics , County , Loudoun County

Thursday Poll: Testing Your Knowledge About Loudoun County Foreclosures, RE
2007-12-13 11:00:00
With so much talk about foreclosures, REO and short-sales in Loudoun County and the US in general, let's test everyone's knowledge (or at least guesswork). Here's this week's Thursday Poll : We'll share the answer to this question with you in...
More About: Foreclosures , Testing , Listings , Knowledge

The Discrepancy Between Loudoun County Tax Assessments and Fair Market Valu
2007-12-12 18:17:00
Everyone knows that Loudoun County real estate property values have gone down significantly over the last several years, including 2007. For everyone's sake, I hope that the Loudoun County Tax Assessor realizes this as well when computing 2008 tax assessments....
More About: Market , Statistics , Fair , Assessments

Mortgages Just Got More Expensive For Buyers, But It May Be Sellers Who Pay
2007-12-12 14:00:00
In a post on real/diaBlog, we talked about how Fannie Mae has begun charging an up-front fee of 0.25 percent on all new mortgages bought or guaranteed by them. Freddie Mac will also begin assessing a similar fee. On a...
More About: Mortgages , Sellers , Buyers , Mort , Ages

Fannie Mae Adds Up-front Charge To All New Mortgages. Freddie Mac To Follow
2007-12-11 18:55:00
Last week, Fannie Mae raised costs for many borrowers by adding a 0.25 percent up-front charge on all new mortgages it buys or guarantees that settle on or after March 9, 2008. This fee is sure to be passed on to borrowers. On a $350K mortgage, that's an extra $875 in fees. Fannie Mae says the new fee is needed "to ensure that what we charge aligns with the risk we bear". Freddie Mac is expected to come out with...
More About: Mortgage , Charge , Freddie Mac , Mortgages

Bush Mortgage Interest Rate Freeze Plan Announced, But Plan Delays Inevitab
2007-12-05 23:25:00
The Associated Press, citing congressional aides who spoke on condition of anonymity, said that the Bush administration has made an agreement with the lending industry to freeze interest rates on certain subprime mortgages for up to five years in order to combat foreclosures. This comes after a debate that included proposals to freeze the rate for up to seven years as well as proposals to freeze it no more than one to two years, if at all. One source familiar...
More About: Mortgage , Interest , Freeze , Plan

Borrower Approved, But Property Rejected By Fannie Mae. The Latest In The C
2007-11-28 00:57:00
Imagine if you were fully approved by a lender to purchase a property, wrote and offer that was accepted and ratified, but then was told at the 11th hour that your loan was rejected because of where the property was located. That's right. It has nothing to do with you or your creditworthiness. It has everything to do with the location of the property. This is exactly what just happened to a buyer client of mine today. I received a...
More About: Property , Mortgage , Rejected , Fannie Mae , Lending

New NAR Public Awareness Campaign is Really Public Insult Campaign
2007-11-19 22:30:00
The National Association of Realtors has released another public awareness campaign that is meant to "counter recent negative housing reports in the media". The name of the campaign is "Market Facts" and the emphasis of the advertisement is on the long term wealth building prospects of owning real estate. It also says there are other dividends as well. As a former financial analyst and a statistics junky, I thought it would be interesting to see just how NAR is going...
More About: Public , Campaign , Awareness , Waren , Rene

Rapattoni MLS Teams Up With Google
2007-11-16 00:06:00
Rapattoni Corp. announced that Rapattoni MLS is now teaming with Google to provide daily listing feeds to Google Base that will bring prospective buyers instantly back to the listing agent and broker. When a buyer runs a Google search looking for specific housing criteria, Google returns a brief description and picture of the property along with a link back to the public view on Rapattoni MLS of that specific property. There, the prospective buyer can see more about the property,...
More About: Tech , Teams

Real Estate Agent 2.0 Report Card - What Works And What Doesn't
2007-11-12 14:26:00
Last November, Danilo and I began blogging in earnest. In the ensuing twelve months we have thoroughly embraced Real Estate 2.0. We currently write 3 different real estate blogs for 3 different audiences. We utilize both major Social Media outlets (Facebook and Myspace) and we have online resumes at LinkedIn. Our listings are posted on more than 20 different online websites and we generate leads from a variety of online sources including our real estate blogs. We make our money...
More About: Agent , Card , Real Estate , Real Estate Agent

How To Be A Successful Agent In One Of The Worst Real Estate Markets Ever
2007-11-11 21:28:00
Several years ago, the real estate market was booming and sellers and buyers were abundant. Real estate agents were selling homes with ease and there was always a buyer around the corner. Since then, the market has come to a grinding halt (relatively speaking). Traditional sellers and buyers are on the sidelines and many agents are quitting the real estate biz and getting "real jobs". But why should you? If you understand what opportunities there are in this market and...
More About: Agent , Estate , Real Estate , Agents , Markets

First Ever NAR BloggerCon In Vegas Next Month
2007-10-31 18:00:00
The National Association of Realtors (NAR) is following in the footsteps of Ben Martin and the Virginia Association of Realtors (VAR) BloggerCon by having their first ever Blogger Convention during the 2007 NAR Conference and Expo in Vegas next month. The 2007 NAR BloggerCon will be held Monday, November 12 at 5:30PM at the NAR Blogger's Lounge - Venetian Hotel, 4th floor, room 4605. Thank you to Ben Martin for doing what no other association has done before and to...
More About: Agents , Weblogs , Month , Mont

Record Fallout From Real Estate Market Downturn
2007-10-23 18:21:00
According to Business Week and outplacement firm Challenger, Gray and Christmas, it's officially the worst year ever for layoffs in the U.S. financial-services industry. And it's only October. We can thank the subprime mortgage crisis and resulting credit crunch for the 130,000 job cuts announced by finance companies as of October. Compare that to 50,000 job cuts in all of 2006 and 110,000 in 2001, the previous record-holding year. Of the companies announcing layoffs, Countrywide Mortgage is among the ones...
More About: Estate , Real Estate , Real Estate Market , Market , Real

Foreclosure Viable Option To Some Real Estate Investors In Over Their Head
2007-10-18 22:21:00
With the general US real estate market having taken a serious plunge over the last 2 years, many home owners and real estate investors are stuck upside down on their investment properties. If you're upside down on your own home, at least you can continue to live in it and put off plans to sell/move until later. But if you're an investor who was looking to flip properties that are now worth less than what you paid for them, you...
More About: Estate , Real Estate , Foreclosure , Mortgage , Real

5 Reasons Why Brokers Should Require Agents to Write Blogs
2007-10-17 13:37:00
1. Writing Blogs will make agents learn more about emerging technology and real estate 2.0. There will come a time when all the buyers of homes will do all their research online. They will find their home online, they will find their agent online and they will handle almost all aspects of the transaction online including the settlement. The ease of setting up a blog is the most logical first step for the agents "afraid of technology". It takes about...
More About: Agents , Write , Brokers , Reasons

Frustrated With NAR? Come Voice Your Opinion
2007-10-16 16:04:00
If you're one of the many consumers, real estate industry professionals or REALTORS frustrated with the NAR, you'll want to check out "NAR Wisdom - The RE.Net on the NAR", which was just launched last week. NAR Wisdom brings together bloggers and readers alike to discuss NAR because, as the blog explains, "they (NAR) seem almost completely out of touch with today's market, and the needs of real estate agents and real estate consumers alike." The blog is open to...
More About: Voice , Agents , Opinion , Weblogs , Frustrated

Beazer Homes Being Investigated For HUD Violations
2007-10-12 00:13:00
As if being investigated by the FBI back in March and getting busted trying to buy their reputation back in May wasn't enough, Beazer Homes is in trouble again. This time, it's with the SEC and the U.S. Attorney's Office who are investigating Beazer Homes for violations of HUD regulations governing down-payment-assistance programs. This comes after a series of stories in the Charlotte Observer came out documenting cases where Beazer Homes appeared to have broken rules governing down-payment-assistance and had...
More About: Viol , Tiga , Viola