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