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NVA Housing market thawing : Good Neighbor, Good Naver!
One strong statistic is the 40 percent rise in active listings this year, with 3,012 properties on the market this past March, Rubio explained.
The inventory shortage that has plagued the region for months is showing signs of easing,
Fairfax, VA - "Existing home sales ...
Fairfax, VA - "Existing home sales were moderate this past January," said Mario Rubio, 2014 Chairman of the Board for the Northern Virginia Association of Realtors®.
"The Polar Vortex weather impacted the number of January pending sales.
Considering the snow and freezing temperatures, our view is that the 1,335 new contracts created in January is really not a bad sign.
"Last year, home prices bounced back," ...
"Last year, home prices bounced back," said Mario Rubio, 2014 Chairman of the Board for the Northern Virginia Association of Realtors. "The lower mortgage rates by the end of last year coincided with favorable local employment statistics, and our region continues this excellent sales activity: a great start for 2014. Unemployment in Fairfax County is 3.7 percent.Consumer confidence rose in December when compared to November, and that is highlighted in sales numbers in Northern Virginia which reflect an increase of 7 percent compared to December 2012, Rubio explained.
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