-
Julie Nesbitt
Julie Nesbitt knows the back trails and by-ways of Northern Virginia real estate. -
Enjoying Winkler Botanical Preserve
We had a great time walking the trails. -
Don’t take chances with real estate.
-
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…
Kiplinger: Housing Recovery Firmly Underway
-
Reviving A Stale Listing In 22314 In Alexandria In 22314
Do you have a abode similar to 124 Roberts Ln #201 in Alexandria that hasn't sold? Did you know that in Fort Ellsworth: -
What Has Recently Sold At Lyon Village?
Do you have a home in Arlington that won't sell? Did you know that in Lyon Village: -
Reviving A Stale Listing In Alexandria, Virginia In Alexandria
Do you have a property similar to 301 N Beauregard St #114 in the City of Alexandria that isn't getting any action? Did you know that in The Fountains: -
Residences That Have Recently Sold At Arrowood — But Mine Hasn't? What's The Problem?
Do you have a place in 22124 in Fairfax County that just isn't selling? Did you know that in Arrowood: -
Listings Similar To 10074 Daniels Run Way In 22030 That Have Sold At Farrcroft
Do you have a home similar to 10074 Daniels Run Way in the City of Fairfax that won't sell? Did you know that in Farrcroft:
Sobering news about Property Values
According to the Zillow Home Value Index (HVI), we have just completed our 17th consecutive quarter in declining home prices as values declined 1.2% from the previous quarter and 4.3% since Q3 2009. Although not a steep decline, it is consistent with other economic indicators pointing to a continued gradual decline as 77% of markets covered by Zillow experienced value dips.
According to Zillow, “with home values 25% below their June 2006 peak, the current housing downturn is approaching Great Depression-era declines, when home values fell 25.9% in five years.”
“While not unexpected, the unceasing declines in home values signal that we’re in for a long, bleak winter of continued troubles for the housing market,” said Zillow Chief Economist Dr. Stan Humphries. “The length and depth of the current housing recession is rivaling the Great Depression’s real estate downturn, and, with encouraging signs fading, will easily eclipse it in the coming months.
Additionally, Zillow began taking a closer look at other indicators last year, thus began tracking negative equity. Since they began tracking, the percentage of homeowners underwater has crept up to where it sits now at 23.2% of all single family loan holders.
By Tara Steele on November 11, 2010