Northern Virginia Real Estate Market

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Old foreclosure debt coming back to former homeowners They thought losing their home was bad enough. Now, years later, collectors are coming after them for thousands of dollars in back debt. Ben McLarin lived near Jacksonville, Fla., until he lost his job and got divorced in 2007. His wife kept t...
A growing number of homeowners who are refinancing their mortgages want more than a lower interest rate—they want a little extra cash. In a cash-out refinance, borrowers can withdraw equity from their homes at the same time as they alter the interest rate on the mortgage. The transaction typicall...
The weather has turned abruptly colder for most of the country, but the economy and the housing market are heating up. Here are the most significant economic developments of the past week. Breaking ground: The new home market is finally improving, as demonstrated by single-family housing starts—t...
New Listings for October of 2014 in Loudoun County have increased 23.8% from October of 2013.   There are currently 744 New Listings, which is much higher than October’s five year average new listings of 618. New Pending Listings for 10/2014 have increased by 6.5% since 10/2013.   New Pending Li...
Consumer sentiment in the United States jumped more than two points in a preliminary November estimate, beating economic forecasts and hitting a more than seven-year high. The Thomson Reuters/University of Michigan Index of Consumer Sentiment registered 89.4 in a mid-month reading, the best showi...
Institutional investor sales comprised 4.3 percent of all single-family residential home and condo sales in the third quarter of 2014, down from 5 percent in the second quarter and from 5.3 percent in Q3 2013, according to RealtyTrac's Q3 2014 Institutional Investor and Cash Sales Report released...
A gauge released this week shows the labor market improved at a moderate pace in October, with previous measures also seeing a lift in revision. The Federal Reserve's Labor Market Conditions Index (LMCI) rose 4 points last month, the central bank reported, matching September's revised improvement...
After dropping to their lowest levels in more than a year, mortgage rates rebounded this week but still remain below 4%. Some mortgage experts say that trend may not last and recommend locking in over the next week—before the October employment report is released. “The end of QE3 was baked into t...
A recent survey commissioned by NeighborWorks America, a Washington, D.C.-based non-profit community development corporation, revealed that nearly one out of four Americans knows someone who has delayed buying a home because of student loan debt. NeighborWorks' Second Annual America at Home Surve...
     Home ownership means you no longer pay monthly rent for the roof over your head. You can do what you want with your house (within reason). When you leave, you can sell it to recoup the purchase price and - with any luck - earn a profit too. But don't kid yourself. Home ownership comes with ...

Azmi Alkurd

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