Why Buy Title Insurance When Buying Your Next Home

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Did you buy your last home without Title Insurance? Many homeowners think to themselves, “great another junk fee” when faced with the line item for Title Insurance at closing. After all, Title insurance can sometimes add several hundred or even thousand dollars to the bottom-line of a settlement. My clients almost without exception ask me at closing if they should buy this sometimes expense policy. After all, what are the chances that an American Indian tribe, or a long lost relative, or … [Read more...]

2010 Mid–Year Housing Report for the Northern Va DC Metro Area

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The latest 2010 Mid Year housing report from MRIS paints a very rosy outlook for the DC metro and Northern Va real estate markets. Here are a few of the highlights from this quarters housing report: Inventory—The number of units for sale (single family, townhouses, and condos) continue to be very low. Currently the Washington DC area has less then 5 months worth of units. In some areas like Loudoun County, Fairfax County, and Falls Church have less then 4.5% months of inventory. Six months … [Read more...]

Where are all the sellers in Loudoun County!

So, where have all the listing gone in Loudoun County! For the past 3 years the economic data has suggested that we were at an all time inventory high with some reports stating that we had several years worth of houses to burn off. It’s amazing the difference a year makes in the Loudoun and Fairfax County area. Here are some eye-popping facts about Loudoun that you might find interesting:   ·          In January of this year the average days … [Read more...]

Delinquencies Double on Least-Risky Mortgages, U.S. Report Says

Delinquencies Double on Least-Risky Mortgages, U.S. Report SaysFor most of us in the Real Estate business this story does not come as a surprise! In these economic times the pain is shared by all. As a Realtor living and working in the Ashburn, Leesburg area for over 20 years there have been many times when I just couldn’t believe the types of loans being made or the prices being asked.  In this article written by Bloomberg.com we are now entering the last two phases of this housing … [Read more...]

Road to Recovery in Northern Va and DC Metro Area

I had great opportunity this morning to attend a very informative seminar about the state of the economy in the Northern Va and DC Metro area. The seminar was hosted by the Northern VA Association of Realtors (NVAR) and took place in Herndon. The keynote speaker was Dr.Fuller. Dr. Fuller is a Dwight Schar Faculty Chair and University Professor; Director, Center for Regional Analysis for George Mason University and is a region expert for the DC metro area. Dr. Fuller is often asked to consult … [Read more...]

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