Northern Virginia Real Estate - Homebuyers - Fed Lowers Rates Again.

Attention Home Buyers in the Northern Virginia Real Estate Market. It is a great time to Buy! Sure you hear that from Agents all the time. I will back up my words now. The Fed has cut rates once again. You can get a 30 year fixed rate Mortgage for 5.19%. The last time rates were this low was 37 years ago back in April, 1971. So if you are in the market to buy a home in Northern Virginia, be it Loudoun County Real Estate, Fairfax County Real Estate, Fauquier County Real Estate, or Prince William County Real Estate, contact the Northern Virginia Real Estate Group of Keller Williams Realty. From Contract To Close we are with you every step of the way.

Real Estate In Northern Virginia - You Have Questions? We Have Answers!

The Northern Virginia Real Estate Group, Keller Williams Realty is happy to announce the launch of its latest technological website or in this case a Forum this Friday. The Name of the Forum says it all!

REAL ESTATE IN NORTHERN VIRGINIA

Here visitors to the site can post their questions in categories such as, but not limited to:
Buying A Home In Northern Virginia
Selling A Home In Northern Virginia
Real Estate Market Conditions In Northern Virginia
First Time Home Buyers
Short Sales
Foreclosures
Mortgage and Lending Questions
Home De'cor
Public and Private Schools in Northern Virginia
Government Affairs and Issues in Northern Virginia
Relocating To Northern Virginia
Home Inspections
Home Assessments
Home Appraisals
Property Management
Brokers Opens
Open Houses
Curb Appeal
Northern Virginia Community Events and Entertainment
Pre-qualifications
Pre-Approval

Just To name a Few Oh And Did We Mention you can Chat Live With Us?

If you are a Keller Williams Realty Agent in Northern Virginia or more specifically Loudoun County, Fairfax County, Clarke County, Frederick County, Fauquier County, Prince William County, Arlington County, or Alexandria Virginia, and would like to participate in answering questions that people may have in the above categories please contact us

Remember if you have Questions? We Have Answers! Real Estate In Northern Virginia

Profile: Purcellville Virginia Real Estate 20132

Purcellville Virginia is an incorporated Town in Western Loudoun County Virginia. Purcellville is one of the largest western Loudoun Towns with a population of around 16,ooo. There are currently 4 Elementary Schools, Lincoln, Emerick, Hillsboro, and Moutain View. There is one Middle school Blue Ridge Middle, and currently one High School, Loudoun Valley High, althouh a second high school may be coming. Purcellville has its own newspaper called the Purcellville Gazette. Purcellville has a variety of restaurants as well from fast food to fine dinig restaurants such as Magnolias and The Grill. There are currently two grocery stores located in the heart of town, with a third on the way. Purcellville is only twelve miles from Down Town Leesburg. Purcellville offers a variety of home types from town houses to estate homes. If you are considering Buying or Selling a home in Purcellville Virginia take a look at the neighborhood links and home prices below. When you are ready to Buy or Sell a Home in Purcellvile Virginia, contact Keller Williams Realty and the Northern Virginia Real Estate Group.

Purcellville Virginia

Old Dominion Valley

Hirst Farm

Giles

James Land

Wright Farm

Village Case

Locust Grove

Purcellville

Fieldstone Farm

Willowin Farm

CramerChestnut Hills

Oak Knoll Farms

Farmington On The Green

Catoctin Meadows

Wheatland Estates

Silcott Meadow

Kingsbridge Manor

Villages Of Purcellville

Main Street Village

Lincoln Acres

Philomont

Browns Farm

Wellington

Ashley Springs

Between Hills

Zylstra

Hunt Country Estates

Salem Farms

Cortland Square

Federal Reserve Board Reduces Rates By 1/2 Point

This is The second 1/2 point reduction in the same month. This means that the Fed Funds Rate went from 1.5% to 1%. This is the rate that banks charge on overnight loans. The last time the Feds Funds Rate was this low was back in 2003 -2004. Th last time this rate was lower was in 1958. This will hopefully cause banks to start lending to one another. To read the entire article and reason why The Fed did what it did today click on the Title of this post. In short This rate matters because it is meant to stimulate the economy! If banks will not lend to one another or give a loan to a business, the market comes to a halt. Sometimes it is important to talk about these "Snoring Issues", both to educate those that dont understand how truely important the Fed Funds Rate is to our economy, as well as making this blog an informative source of information for those that visit our blog. Most Real Estate Agents dont get this indepth about different interests rates and how they effect our economy and therefore the Real Estate Market Nationwide. Now then to clarify things a little more: Whenever the Fed Fund Rate is lowered does NOT mean that Intrest Rates for things like HOMES goes down. They could, but there is NO guarantee that this could happen. Infact, rates for homes could even go up.

Northern Virginia Home Sales Report - September 2008

The Following Chart shows September 2008 Homes Sales Report according to the Northern Virginia Association Of Realtors. As you will see Home Sales have increased compared to the same time last year. However, The Average Home Price, as well as the Median Home Price have decreased between 20% and 23% respectively.

NORTHERN VIRGINIA AREA*
HOME SALES REPORT
September 2008

2008 2007

SEPTEMBER HOME SALES	2008	2007
Detached	674	424
Attached	554	301
Condos & Co-ops	422	347
Total	(+ 53.92%) 1,650	1,072
Average Days On Market	(+ 9.41%) 93	85
SEPTEMBER ACTIVE LISTINGS
Detached	4,386	5,010
Attached	2,321	2,881
Condos & Co-ops	2,405	2,830
Total	(-15.01%) 9,112	10,721
Months Supply	(-44.78%) 5.52	10.00
SEPTEMBER SALES PRICE
Average	(-22.96%) $407,748	$529,278
Median	(-20.85%) $348,250	$440,000
YEAR TO DATE
YTD Homes Sold	(-15.91%) 13,513	14,655
YTD Sales Volume	$6,295,581,515	$7,930,497,683
YTD Average Sales Price	(-13.79%) $465,891	$541,146

Stephen Adams - Keller Williams Realty Realtor Of The Week - 10/17/2008

Featured Realtor

Stephen Adams Keller Williams Realty

"Hi, I'm Stephen Adams, with Keller Williams Realty here in Leesburg.

When you become my client, you don't just get a Realtor and a Consultant - You have an Ambassador: Someone who's going to represent your best interests at all times. That's an awesome responsibility that I do not take lightly. Your trust in my abilities to provide you with the best possible customer service and exceeding your expectations and needs is why I do what I do best.

Being with Keller Williams myself simply ensures that you get a Professional Agent backed by a Culture that Values Continuing Education and Advances in Technology. This virtually guarantees a win- win solution to the ultimate goals for each one of my clients: to get the best possible price, in the shortest amount of time, with the least amount of inconvenience to you and your families in buying, selling, and investing in real estate.

My thoughts on the real estate market. As most of us realize by now, the Housing Market has undergone a marked "Shift" in prices throughout the Northern Virginia. Though some zip codes have a longer average Days on Market than others, the consensus clearly is in the favor of buyers. Even though the media will have you believe that the market is at a standstill, the number of homes sold over The last 4 months has shown a definite increase in sales. Prince William County sold 3

times as many homes in September of this year (2008) than last year!

Fauquier County saw a 36% increase in sales in September. Even Fairfax and Loudoun County sold over 50% more homes in September of this year than last year. True, many of those properties that sold were "Distressed Sales", such as Foreclosures, REO's (Real Estate

Owned) and Short Sales. As a matter of fact, in Loudoun County, 20% of the 476 properties that sold in September were such homes. But ultimately, this should tell you one thing - Buyers are still buying and Sellers are still selling.

Whether your moving from a condo to a townhouse, or a Single Family Home back to a condo (or even an apartment), let me help to guide you into your new phase of living.

Email Stephen Adams