Rita's Real Estate Blog

July 4th is but a memory and as the stock markets begin their week, we have oil, at this moment at $141.31 per barrell which is about $4 under its latest record.   Why?   I wish I could actually answer that one!

As I was checking on market activity and reviewing sales data for the Counties I cover, I wanted to report that Fairfax County has several zip codes where prices are stabilizing, and this is wonderful news.    Likewise, the same for sections of Washington DC and City of Alexandria.   Why is this important.   Well, all real estate is local, true.   But history, and a multitude of research indicates that recovery in real estate markets begin with centers of employment and radaites outward!   So, inside the beltway is where I look for trends, both up and down.   The current cycle (yes, it is a cycle!) began inside the beltway with prices rising quickly and now we may have the beginnings of a recovery starting, just starting to reveal itself.  

So you want to know how long it'll take to get out to Prince William and points south and west?    I'm not a fortune teller.   Timing the real estate market as with all markets, is risky.    However, affordability in all areas has increased dramatically and this is good news long term.   Interest rates remain low.

For an interesting video of the "big picture" click on this link to CNBC:

http://www.cnbc.com/id/15840232?video=784326680

If you need an Relocation appraisal, refinance, foreclosure or REO, or review, please call today!   Rita Tenbroeck

ATTENTION LOAN OFFICERS AND BROKERS

SPECIAL LIMITED TIME OFFER RECEIVE EITHER A

$25 GIFT CARD OR $25 FEE REDUCTION

FOR EACH FULL FEE APPRAISAL

COMPLETED THIS Summer! 

Here's how it works!   For each order for a 1004 or FHA appraisal completed & paid in full by your COD clients, we'll send you a $25 gift certificate to use as you wish!!    Dinner!   Golf!    Movies!  or a reduction in your fee.    Let us know at the time of the order WHICH OFFER YOU wish to redeem!

This offer is simply an effort to increase the volume of work coming into the office based only on completed and paid in full appraisals.  It is not in anyway connected to reaching a pre-determined value or if the "deal" closes. In accordance with USPAP the gift card will be reported in the appraisal report addendum.  Let us know your choice! 

Attention Loan Officers need to confirm the kind of house your client has, the date of purchased, its tax assessment.   

Well, checkout the homeowners link on my website .....   you'll find all the Northern Virginia area tax assessment webpages.   Its easy and quick!!

You can always call me with questions!    Specializing in Northern Virginia!