There's no question in this contest buyer's win.  Buyers snap foreclosed properties left and right. That's just the reality here on the ground on foreclosed properties: if they're decent, clean, and well priced it would sell first over their competition, that is the other type ...

Three development got foreclosed. They're the victims of free falling market. These are large tracts of (residentia)l land development combined on the auction block for more than 867 acres. The three communities listed on Tranzon's website are located in Loudoun County. One of the communitie...

You want to know when market will rebound? Check this out. It's no crystal ball prediction just market insight from Standard and Poor's. The 5 key drivers to housing recovery, via Businessweek: 1. Buyers' confidence in their jobs and income levels; 2. Ease of housing price declines to ma...

Typepad don’t have the autosave yet install in their platform. What happened when the work I put it earlier today was wiped out because of no wi-fi connection, I was like speechless for a sec. Because that means, I have to start from scratch again creating the post. Sigh. – Dewita -- Dubai’s R...

First, you got Fannie-Freddie duo decided to suspend foreclosures during the holiday from November 26 to January 9, 2009. Fannie and Freddie are hardly alone in this foreclosure holiday (halt, time out, break or whatever you call it). Here's the gift from Fannie, via website. The temporary suspensio...

Virginia has this thing about date for a new law to take into effect July 1 (last week). The new legislation was supposed to resolved complaints filed on condominium and property owners' association resale packet process. What's added to the new law is the requirement for licensing individuals who m...

Sometime last week, a Federal Housing Administration official talked something about that they wanted to take buyers' subsidy program aka 'down-payment assistance' or in their jargon 'DAP' program off the table because of higher rates in foreclosures. “Data clearly demonstrates that FHA loans made...

A measure of market activity shows that when prices decline housing sales sizzles. The observation is based on current market (raw numbers) indicators from MRIS. You'll see below that market shows signs of improvement for Washington DC and Northern Virginia. In other words - sales 'picked up.' [Rele...

There are two kinds of sellers in this market: 1) dreamin' sellers who thinks they can get top dollars for their home without doing anything, and 2) realistic sellers. The second category of sellers usually much more open to negotiations. This story on Bankrate.com nails it. Homebuyers are looking f...

We all know that real estate markets are local in terms of prices and market conditions. But they're more than just that. Real estate markets are hyper-local. You can go just one neighborhood (or even street) over and find a totally different set of market conditions. For example...If you were to lo...