Thanks for tuning in this Saturday morning, as I post the "real estate headline highlights" for the week. To get this information in daily doses, fan "The Real Estate Whisperer" on Facebook!
REAL ESTATE AND FINANCE
BRING ON THE HIGH INTEREST RATES: The Fed Plans to cease purchasing of mortgage backed securities. These purchases have been creating artificially low interest rates; but the fed says they’re going to stop. We’re expecting interest rates to begin to tick up. READ MORE HERE
THE NEW LOAN MOD/REFI PROGRAMS: Last week, new loan modification and refinance programs were announced to help aid underwater homeowners. After reading the fine print, here’s the scoop – CLICK HERE
FLOOD INSURANCE, RURAL HOUSING LOANS: The REALTOR Action Center wants YOU to know about pending legislation and how you can affect change! There are 2 pending pieces of legislation that MUST be completed. * One is regarding the availability of flood insurance. Currently NO NEW OR RENEWED flood insurance policies can be issued! * The second is the lack of availability for insurance for Rural Housing Loans. In many areas of our state, including parts of Loudoun, Prince William and other nearby areas, Rural Housing Loans are affecting the affordability of housing for potential homebuyers. Without them, it’s yet another loss to our real estate market. READ MORE AND TAKE ACTION – It’s Easy.... Just CLICK HERE
LOCAL ECONOMIC NEWS
GOVERNOR SIGNS NEW MEASURES TO CREATE 30k NEW JOBS AND $311M IN REVENUE: Governor Bob McDonnell signed 5 measures into law which are expected to create 30,000 new jobs and $311 million in revenue for Virginia! With new tax breaks, businesses can easily relocate to Virginia temporarily. One of these measures offers as much as $22 million for the Center for Innovative Technology in Herndon. This can only be good for the housing market: Read more: McDonnell rolls out economic development package
AROUND THE STATE: Signs of New Job Growth in Virginia....Check out the newsfeed on the Virginia Homeowner Alliance Facebook Fanpage.
HYPER LOCAL NEWS:
LOUDOUN STILL HAS AAA CREDIT RATINGS: Fitch Ratings announced yesterday its award of AAA rating to Loudoun County for $102.1 million in general obligation refunding bonds that are expected to be sold April 8. The rating agency also gave the AAA rating on approximately $880 million outstanding general obligation bonds. "Loudoun County exhibits strong economic and social characteristics, including a wealthy tax base, above-average income levels, a low rate of unemployment, and a highly educated labor pool," Fitch noted in its analysis..READ THE WHOLE ARTICLE.
LOCO RECEIVES NATIONAL RECOGNITION FOR COMMUNITY ENERGY EFFICIENCY PROGRAMS: http://www.loudoun.gov/Default.aspx?tabid=3106
FFX CONSIDERS DUMPING COMMUTER BUS ROUTES: http://www.gopetition.com/online/34495.html%22%3EOnline
LOCO OFFERS POST PURCHASE SEMINAR FOR NEW HOMEOWNERS: http://www.loudoun.gov/Default.aspx?tabid=3117
AND THE HUNT BEGINS: IF YOU HAVEN'T COMPLETED YOUR CENSUS FORM AND MAILED IT IN, THEY'LL BE COMING FOR YOU SOON: http://www.facebook.com/l.php?u=http%3A%2F%2Fwww.loudoun.gov%2Fcensus&h=07fc667235890df5374c7113de6257d5
LEESBURG LAUNCHES KEEP LEESBURG BEAUTIFUL MONTH: http://www.facebook.com/pages/Virginia-Homeowners-Alliance/65281145212?ref=ts#!/event.php?eid=112036268813344&ref=mf
LOCO MOTION: Check out this month's edition of LoCo Motion... find out where the local movers and shakers are moving and shaking! Take a sneak peak of Loudoun's economic indicators. READ MORE.
OTHER REAL ESTATE RELATED NEWS:
LOUDOUN STILL HAS AAA CREDIT RATINGS: Fitch Ratings announced yesterday its award of AAA rating to Loudoun County for $102.1 million in general obligation refunding bonds that are expected to be sold April 8. The rating agency also gave the AAA rating on approximately $880 million outstanding general obligation bonds. "Loudoun County exhibits strong economic and social characteristics, including a wealthy tax base, above-average income levels, a low rate of unemployment, and a highly educated labor pool," Fitch noted in its analysis..READ THE WHOLE ARTICLE.
LOCO RECEIVES NATIONAL RECOGNITION FOR COMMUNITY ENERGY EFFICIENCY PROGRAMS: http://www.loudoun.gov/Default.aspx?tabid=3106
FFX CONSIDERS DUMPING COMMUTER BUS ROUTES: http://www.gopetition.com/online/34495.html%22%3EOnline
LOCO OFFERS POST PURCHASE SEMINAR FOR NEW HOMEOWNERS: http://www.loudoun.gov/Default.aspx?tabid=3117
AND THE HUNT BEGINS: IF YOU HAVEN'T COMPLETED YOUR CENSUS FORM AND MAILED IT IN, THEY'LL BE COMING FOR YOU SOON: http://www.facebook.com/l.php?u=http%3A%2F%2Fwww.loudoun.gov%2Fcensus&h=07fc667235890df5374c7113de6257d5
LEESBURG LAUNCHES KEEP LEESBURG BEAUTIFUL MONTH: http://www.facebook.com/pages/Virginia-Homeowners-Alliance/65281145212?ref=ts#!/event.php?eid=112036268813344&ref=mf
LOCO MOTION: Check out this month's edition of LoCo Motion... find out where the local movers and shakers are moving and shaking! Take a sneak peak of Loudoun's economic indicators. READ MORE.
OTHER REAL ESTATE RELATED NEWS:
HOMELESSPETS: The economic crisis has so many victims, not the least of which are our cats, dogs, horses and other pets. What happens to them when the family literally loses the farm? There’s a non profit that’s working to help ease this crisis. Find out more: http://www.foreclosurepets.org/
ARE YOU LIVING LARGE? GOING GREEN? ALL THIS IS THE MOVEMENT OF YESTERYEAR: Are you on the forefront of trendy trends in housing? If so, you're apartment just got a lot smaller...READ MORE: LIVING SMALL
NEW AUTOMATED NEIGHBORHOOD SALES REPORTS: The Real Estate Whisperer asks for you to try out this new web site, and provide feedback on the automated neighborhood sales report you receive. Available for 20175 zip code and surround areas: http://www.20175homesales.com/
