I hope everyone is doing well. There have been some interesting developments in the financial and housing markets here in the area. My collegue, Mike Farrell, summarizes the recent changes below. Please don't hesitate to contact me regarding questions that you may have. The market here in Northern Virginia is selling. Prices have come down; however, the affordability index is excellent. The market is no longer a local Buyer's market...multiple offers are common place. Competition is fierce for well priced properties...Let me know if you are interested in additional market information...
Excerpt from Mike Farrell's recent update on Feb 16, 2009:
Mortgage rates are still at an all time low and it is still a great time to buy a home.