This Month in Real Estate: July 2010
July 9, 2010 by Katie Wethman · Leave a Comment
This month’s report shows that home sales for May 2010 were up, thanks mostly to transactions in the South and West, 19.2% from the same time last year. 5.6 million units were closed in May, which is down 2.2% in April. There’s also a special report explaining FHA loans, which require just 3.5% down payments. [...]
Swimming & Waterpark Options in Arlington Virginia
July 6, 2010 by Katie Wethman · Leave a Comment
As the thermometer hits triple digits today, and heat indexes are soaring to dangerous levels, many Northern Virginians are looking for a place to cool off. While staying in a nice air conditioned room is ideal, Arlingtonians may want to hit the pool. Many residents don’t know that Arlington has several public pools, including three [...]
Arlington’s Columbia Pike Corridor Redevelopment
June 16, 2010 by Katie Wethman · Leave a Comment
Arlington just adopted its $1.2 BILLION Capital Improvement Program, which includes funding for the long awaited Columbia Pike Streetcar. Locals have watched Columbia Pike evolve over the past few years as the Columbia Pike Revitalization Organization has worked to transform the neighborhood. Arlington has a long history of successful redevelopment: from the “urban villages” of [...]
Buyers Under Contract – Careful What You Shop For!
June 2, 2010 by Katie Wethman · Leave a Comment
Buyers under contract know (or *should* know) not to run out and buy a car once you’re under contract on a home, but the scrutiny is about to get a lot higher as of June 1, 2010: Beginning June 1, your lender is likely to order a second full credit screening immediately before closing. The [...]
DC Real Estate Update: May 2010
May 31, 2010 by Katie Wethman · Leave a Comment
Phew. Tax Credit = Over. Now what? Looking at our Northern Virginia inventory graph, you’d think there was a flood of inventory at the end of April, with sellers trying to take advantage of the last minute rush of buyers, but as of today, there are just 5000 homes on the market in close-in Northern Virginia, [...]
Waiving Contingencies: They’re Baaaacccckkkk
April 21, 2010 by Katie Wethman · Leave a Comment
Hard to believe, I know, but several times in the past few weeks I’ve represented buyers who have been asked to waive the “usual” contingencies, or have lost out on a home to a bidder who was willing to do so. As we tick down these last few weeks of the first time and repeat [...]
This Month in Real Estate: Less is Now More When it Comes to Home Size
April 19, 2010 by Katie Wethman · Leave a Comment
An interesting trend is emerging in home sizes…in 2009 we saw a decrease in the average square footage of homes. This is the first reversal in 50 years! Experts suggest that the increase in baby boomers retiring is one of the reasons we’re seeing a downsizing in average home size. Take a look at Keller [...]
North Arlington (Orange Line) Condo Update: April 2010
April 13, 2010 by wethmangroupadmin · Leave a Comment
Zip Codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon) Source: MRIS as of date of blog post. All data deemed accurate but not guaranteed. Stats exclude retirement communities and co-ops. Sign up for a market conditions report. See market data for all of Arlington. See more Buyer Resources See last month’s post on Orange [...]
Keller Williams’ This Month in Real Estate – March 2010
March 20, 2010 by Katie Wethman · Leave a Comment
One of the reasons I love my broker is that we track market trends like hawks. Our headquarters does a great job keeping our agents up to speed on the macro economic factors affecting all of our micro-economies. Each month, they post a brief (few minute) video with the latest news affecting the world of [...]
Why Don’t Short Sales Close?
March 15, 2010 by Katie Wethman · Leave a Comment
Most buyers know by now that a very low percentage of short sales close. And I don’t mean that buyers need to wait a long time (though they do) — I mean they NEVER close. What are some of the reasons why? And what happens to them? First, let’s recap: What is a short sale? [...]
