The Market Has Officially Bottomed Out!

(Video Below) If you been out looking at properties or have been on my site to view listings, you have probably noticed that things have really changed in the Northern VA real estate market. About 80-90% of all homes that show as Active (for sale) actually have at least one offer on them or as many as 6+ in some cases. This is because most short sales show as Active in the MLS until the offer is ratified (accepted in writing) by the banks. With huge discounts in sales prices, rates at historic lows and first time home buyer tax credits, there has never been a better time to buy a home in Northern VA. Foreclosure too are flying off the selves like hot cakes. Take a look at an MLS search on my site.

Here's a brand new video that just came out within the last hour on NBC4 TV news that shows the market strength improving even in areas like the Woodbridge market. If you're serious about buying, it's a good idea to start sooner than later. Incredible...

Fannie and Freddie to Open Up Listing Markets...

Freddie and Fannie to open doors to new agents for REO listing assignments
Last week, National Association of Realtors President Mr. Charles McMillan sat down and spoke with the CEO of Freddie Mac, John Koskinen and Fannie Mae's CEO, Herb Allison to discuss Realtors concern that Fannie and Freddie are not fairly disseminating REO listings.
Both CEO's agreed that they would comply in broadening Realtor participation in assigning future REO Listings. Although the total REO inventory of Freddie and Fannie is not known, it is estimated to be 50% of all foreclosure inventories nationwide.
The National Association will be posting how to take advantage of this historic opportunity in their Washington Report next week. More details on the meeting can be found on NARs web site.

This is a monumental development for Realtors that have been trying to break into the REO business. Mr. McMillan deserves a ton of credit for listening and acting on the concerns and welfare of the vast majority of his constituency.
Are you ready to seize this opportunity? It is highly probable that new Northern VA agents will be screened prior to receiving REO assignments. Agents that have not taken the time to educate themselves are likely to miss out on this once in a career opportunity.

Sent on the Now Network� from my Sprint® BlackBerry

To celebrate International Pillow Fight Day, people brought pillows to the National Mall in Washington, D.C. (mind you, the same day as the Cherry Blossom parade, the Japanese street festival, and also the first day of peak blooms for the cherry blossoms - so uh, tourists everywhere) and had a pillow fight. Also created a lot of dust.

My Video Pick of the Day. (laughter is good, try it)

-Not everyone searching my site is WITHOUT a real estate agent. I ran into this funny video on YouTube and believe it or not, there are agents out there just like this!.... If you know of an agent like this and your looking for a change you know how to reach me. Otherwise, enjoy this one! It's too Funny!



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