Romeo with Samson Properties

06/14/2023

A bridge that turns into a tunnel in Virginia. Wow!

06/13/2023

08/04/2016

How Much is your home worth in Chantilly, Virginia? If you are planning on selling your home, that is a question you need answered. As your Local Chantilly Real Estate Expert, I can help you to learn the answer to that question. I will personally do th...

07/21/2016

Have you ever considered moving to beautiful Chantilly, Virginia? Chantilly is a desirable community & great location. Chantilly, Virginia boasts a variety of local landmarks, excellent schools, parks and much much more. Take a look at some of the ...

06/30/2016

There are so many different kinds of homes out there for families to choose from. Do I want to live in Chantilly? Or maybe you want to find a home in Chantilly. How many bedrooms and bathrooms do you need? Do you need a large back yard? A small backy...

11/21/2015

For the first time this year, Loudoun home sale activity stalled in October, with one fewer closed sale recorded than in October 2014. Despite this flat growth, the year-to-date sales tally of 5,463 remains 13.2 percent higher than that of the same period last year, an increase of 636 sales. New listing activity dipped from the previous year for the sixth consecutive month and active inventory at month’s end is now 8.4 percent lower than last year. The consistent gains in demand coupled with fewer listings being added have Loudoun trending again toward a seller’s market with 4.0 months of supply. The townhome segment, which has seen active listings decline by 21.4 percent, is the strongest seller’s market with only 2.4 months of supply based on the 12-month average sales pace. The single family detached segment shows the most balance between supply and demand, with 5.3 months of available supply. Despite tighter supply across the board, homes are taking longer to sell than last year, as half the homes sold in October were on the market 44 days or more, a five-day increase from last October’s median DOM. And while October’s median sales price of $425,000 was 1.2 percent above last October’s level, the cumulative year-to-date median of $430,000 is slightly lower than the $432,000 level over the same ten months last year

08/29/2015

The housing market is poised for one of its largest expansions in history. By 2024, demographic and economic changes are forecasted to bring 15.9 million additional households on board, according to a new study released by the Mortgage Bankers Association.

That means an average of 1.6 million additional households per year, sparking “housing market growth over the next decade that would be among the strongest the U.S. has ever seen,” according to the report.

The MBA report says the bulk of that growth will be from increases in the number of households who are headed by those age 60 and older and households headed by age 45 and younger. Those age group increases are expected to mitigate the decline among households age 45 to 60.

The Census Bureau projects the following breakdown in ages emerging in 2024, as compared to 2014:
•20 million more people age 60 and over than there are today (as Baby Boomers age),
•4 million fewer people age 45 to 59 (as the large Baby Boomer cohorts are replaced by smaller Generation X cohorts) and
•18 million more people age 18 to 44 (as smaller Generation X cohorts are replaced by larger Millennial cohorts)

Household growth is also expected to be driven by 5.5 million additional Hispanic households. For other races, 3.4 million additional non-Hispanic White households are expected to form by 2024, 2.4 million additional black households, 1.8 million more Asian households, and 730,000 additional other households.

Source: NAR

08/09/2015

DC Metro continues to see strong sales and contract activity; Slow but steady appreciation pushes median sales prices to near record highs