Heather Embrey's Blog

NAR recently released statistics revealing the NATIONAL home sales activity had dropped in November 2009 16% over 2008. However, our LOCAL market here in Northern Virginia had seen an increase of 6.2% in contract activity.  Real estate has always been and will always be hyper-location based. In m...

I am sooo very excitied about the extension of the 1st Time Home Buyers Tax Credit as well as the enhancement to add move-up Buyers & increase the income cap.  I find my buyers have quiet a few questions related to the tax advantages of this program, and since I am not a tax expert, I wanted to s...

IS THE MARKET RECOVERING? A DEFINITE MAYBE One thing is certain - it's a lot better than it was at this time last year. As 2009 comes to a close, these are the key indicators that we are watching very closely to give us a sense of where we're headed in 2010: Contract Activity: Looking good. Thro...

CONTRACTS: October 2009 contract activity was up 23.8% from October 2008 in the immediate Northern Virginia area; was also up 23.8% in Loudoun County, but was down 31.3% in Prince William County. The number of available homes on the market is down significantly in all three greater Northern Virg...

Inventory is still at 2.1 months supply!  CONTRACT ACTIVITY: September 2009 contract activity was up 13% from September 2008 in the immediate Northern Virginia area; was up 8.2% in Loudoun County, but was down 23.3% in Prince William County. The number of available homes on the market is down sig...

I just got off the phone with a local well know credit union and boy is my blood boiling.  On Monday, 10/12 I submitted an application to refi our home to take advantage of their low rates.  I calculated the costs w/the rates promoted and decided that it would be a great idea to capture 4.75% eve...

 I don't know why I am soooo very please to read about this, except maybe for the fact that these folks made us all look bad and now they are paying the price for their unethical behavior.  If the County were to dig a little deeper, I think they would soon realize this is only the tip of the iceb...

Contract activity in August 2009 was up by 9.9% from August 2008 in the the closer in areas of Northern Virginia.  Supply is still low @ 2.4 average months supply with  a 6 month supply showing a balanced market and anything below that showing signs of a Seller's market.  To put that into perspec...

The DC-Washington S&P Index of Non-Condo Home Sales Prices posted on 8/25 increased again for the 3rd month after a 33 month decline. Maybe we HAVE hit bottom.........   During my weekly preview of new listings, I visited a Broker Open in the City of Falls Church and discovered the Seller had rec...

Click on your area of interest:  CITY OF FALLS CHURCH   LOUDOUN    ARLINGTON   CITY OF ALEXANDRIA   FAIRFAX COUNTY In almost every area, inventory is way down below average to a 4 month absorption rate.  If you have thought of selling your home, consider doing it sooner rather than later.  If you...