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Julie Nesbitt
Julie Nesbitt knows the back trails and by-ways of Northern Virginia real estate.
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Enjoying Winkler Botanical Preserve
We had a great time walking the trails.
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Don’t take chances with real estate.
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REDUCED: 7202 Churchill Rd, McLean
Open House, Sunday, 1-4 BIG PRICE DROP! 7202 CHURCHILL ROADMcLean, VA 221016 Bedrooms5.5 Bathrooms6,752 SF $1,695,000 -
Good Shepherd Housing and Family Services
Established in 1974 with a mission to reduce homelessness, increase community support and promote self sufficiency, the Good Shepherd Housing and Family Services is operated by a multi-denominational board of directors and staff managing over 70 housing units. Good Shepherd Housing and Family Services is located in the Mount Zephyr Business Center at 8305 Richmond…
Morningstar’s Distressed Inventory Index shows that distressed inventory dropped 19 percent nationwide, and the number of liquidations fell 14 percent.
"We estimate that it will take 40 months to clear the national distressed inventory. This is down three months from one year ago," says Brian Grow and Becky Cao of Morningstar. "In the recent housing market we have seen rising nationwide home prices, the heightened interest in stressed properties by investors, a higher percentage of short sale liquidations, and improved loan performance."
As of February 2013, the number of distressed properties was at 1 million, marking a 40 percent drop from the peak of 1.8 million properties reached in 2009.
Short sales have risen in 2012, which means fewer properties are being liquidated. The percentage of short sales in total distressed sales has climbed to 53 percent, from 45 percent.
"The increase in short sales has not accelerated the overall speed of liquidation. In fact, there is a noticeable decline in the liquidation rate since the third quarter of 2012, when the short sale percentage continued to rise, but the months of inventory stopped declining," the Morningstar report states. "While there may be benefits associated with short sales, such as quicker property disposition and higher sale prices relative to foreclosure sales, short sales alone do not appear to be doing enough to speed up the resolution of distressed loans.”
Source: “Liquidation rates shrink, despite rise in short sales: Morningstar,” HousingWire (May 9, 2013)
