NOVA Real Estate & Management Updates

No one puts forth more effort than Nesbitt Realty.

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What is a condo?

A condominium is real estate with certain specific properties. Although there are various types of condominiums, the most common legal arrangements involve individual ownership of each unit, with joint ownership of the communal or common areas by all of the residents in the building. Condominium developments can be commercial or residential. In the case of... Continue reading

Annandale is in Fairfax County VA

Audrey Moore RECenter at Wakefield Park

Fairfax County has a number of RECenters throughout the county. One of these is the Audrey Moore RECenter at Wakefield Park. The park is located in Annandale just outside the Capitol Beltway. The center features swimming, fitness and racquetball facilities as well as other recreational activities such as crafts and dancing. The center is ADA... Continue reading

Sunrise over the Potomac

Home Ownership Rate Drops to Lowest Point in 18 Years

The U.S. home ownership rate has fallen to its lowest point since 1995, the Census Bureau reports.  The home ownership rate dropped to 65 percent in the first quarter, down slightly from 65.4 percent a year earlier. Housing analysts say tight credit conditions, constrained inventories of for-sale homes, and an increase in single-family rental homes... Continue reading