Comments on: Northern VA and Washington, DC, Market Update – October 2009 http://blog.wethmangroup.com/2009/10/30/northern-va-and-washington-dc-market-update-october-2009/ Thoughts, Opinions, and Rants and Raves about the DC Area Real Estate Market Thu, 20 Jan 2011 14:24:48 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Fairfax County, VA Inventory and Median Sales Price « Keller Williams McLeanhttp://blog.wethmangroup.com/2009/10/30/northern-va-and-washington-dc-market-update-october-2009/comment-page-1/#comment-116 Fairfax County, VA Inventory and Median Sales Price « Keller Williams McLean Thu, 12 Nov 2009 16:24:58 +0000 http://blog.wethmangroup.com/?p=168#comment-116 [...] certainly add to the inventory, though it’s unclear which price points would benefit.  The potential extension and expansion of the $8000 first time buyer credit, coupled with a potential “... could spur sellers to decide to go ahead and list their home for sale.  And by limiting the credit [...] [...] certainly add to the inventory, though it’s unclear which price points would benefit.  The potential extension and expansion of the $8000 first time buyer credit, coupled with a potential “… could spur sellers to decide to go ahead and list their home for sale.  And by limiting the credit [...]

]]> By: Katie Wethmanhttp://blog.wethmangroup.com/2009/10/30/northern-va-and-washington-dc-market-update-october-2009/comment-page-1/#comment-109 Katie Wethman Thu, 05 Nov 2009 19:30:58 +0000 http://blog.wethmangroup.com/?p=168#comment-109 Update 11/5: The bill appears to have passed the House - see a great summary post here: http://www.phoenixrealestateguy.com/home-buyer-tax-credit-passes-both-house-and-senate/Key changes from the prior credit: - As expected, a "move up credit" of $6500 has been approved. - Any residence above $800k does not qualify for either credit. - Income limits were raised from $75/$150 (single/joint) to $125/$225. Update 11/5: The bill appears to have passed the House – see a great summary post here:
http://www.phoenixrealestateguy.com/home-buyer-tax-credit-passes-both-house-and-senate/

Key changes from the prior credit:
- As expected, a “move up credit” of $6500 has been approved.
- Any residence above $800k does not qualify for either credit.
- Income limits were raised from $75/$150 (single/joint) to $125/$225.

]]> By: Simultaneous Buying and Selling a Property | Thoughts on the Washington, DC, and Northern Virginia Real Estate Markethttp://blog.wethmangroup.com/2009/10/30/northern-va-and-washington-dc-market-update-october-2009/comment-page-1/#comment-105 Simultaneous Buying and Selling a Property | Thoughts on the Washington, DC, and Northern Virginia Real Estate Market Thu, 05 Nov 2009 16:19:04 +0000 http://blog.wethmangroup.com/?p=168#comment-105 [...] that the first time buyer rush is nearing its end (unless it’s extended…stay tuned…), and there’s a lack of inventory for entry-level price points (below [...] [...] that the first time buyer rush is nearing its end (unless it’s extended…stay tuned…), and there’s a lack of inventory for entry-level price points (below [...]

]]> By: Katie Wethmanhttp://blog.wethmangroup.com/2009/10/30/northern-va-and-washington-dc-market-update-october-2009/comment-page-1/#comment-103 Katie Wethman Thu, 05 Nov 2009 00:14:07 +0000 http://blog.wethmangroup.com/?p=168#comment-103 Update 11/4: The Senate "consensus" has officially passed the Senate as of today. The version that passed is as described above, and also increased income limits for those eligible--raising the limit for single filers from $75k to $125, and raising the joint limit on AGI from $150 to $225. Now on to the House! Update 11/4: The Senate “consensus” has officially passed the Senate as of today. The version that passed is as described above, and also increased income limits for those eligible–raising the limit for single filers from $75k to $125, and raising the joint limit on AGI from $150 to $225. Now on to the House!

]]> By: Fairfax County, VA Inventory and Average Sales Price | Thoughts on the Washington, DC, and Northern Virginia Real Estate Markethttp://blog.wethmangroup.com/2009/10/30/northern-va-and-washington-dc-market-update-october-2009/comment-page-1/#comment-102 Fairfax County, VA Inventory and Average Sales Price | Thoughts on the Washington, DC, and Northern Virginia Real Estate Market Wed, 04 Nov 2009 14:36:31 +0000 http://blog.wethmangroup.com/?p=168#comment-102 [...] what can bring it back in to balance?  The potential extension and expansion of the $8000 first time buyer credit, coupled with a potential &#8... could spur sellers to decide to go ahead and list their home for sale.  And by limiting the credit [...] [...] what can bring it back in to balance?  The potential extension and expansion of the $8000 first time buyer credit, coupled with a potential &#8… could spur sellers to decide to go ahead and list their home for sale.  And by limiting the credit [...]

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