The February statistics were released by the Northern Association of Realtors recently and it showed the days on market for a property cut nearly in half, from 109 days to 56 days!  That is definitely a sign that the market has picked up tremendously!

The number of homes available for sale has dropped from 7,811 to 6,037.  Many of my buyers are complaining about the lack of inventory… of course, it’s down nearly 18%!

When is a good time to buy? How about NOW!

To download the NVAR report, click February 2010 NVAR Home Sales Report

Washington DC Metro Area was named the #4 market in the nation for young professionals.

Portfolio.com analyzed 67 U.S. metro areas with populations above 750,000 that offered the best opportunities for workers in their 20s and early 30s. A 10-part formula looked at strong growth rates, moderate costs of living, and substantial pools of young adults who are college-educated and employed.

Take a look at the following Metropolitan areas where more than one-third of households under age 45 have incomes of $100,000 or more.

1. San Jose, CA
2. Bridgeport-Stamford, CT
3. San Francisco-Oakland, CA
4. Washington, DC
5. Boston, MA
6. Oxnard-Thousand Oaks, CA

I’ve teamed up with Ginny Turley in my office to have a monthly bagels and coffee mixer at my office to raise funds and awareness for the Children’s Miracle Network.  Ginny and I will be hosting the breakfast montly on the first Tuesday of each month. 

Feel free to stop by!  We are at 1801 Robert Fulton Drive #100 in Reston.

Mark and Ginny Working Hard!

I’ve been affiliated with RE/MAX my entire fifteen year career.  RE/MAX is the best!

You can sit patiently in a boat and wait for the fish to jump into it or you can use the right bait and pro-actively go after them.  Similarly, you can wait for buyers to get off the fence on their own or you can coax them down by understanding and communicating the compelling reasons to buy a home now.

Too many people are slow to react and have a tendency to do as the “herd” does.  This means that some of the best opportunities are missed.

June 2009 Market Cycle

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Put my 15 years of experience to work for YOU!

It’s been in the news, talked about, and discussed, but this flyer gives a great summary of what 2009 buyers can expect!

First, this credit does not follow the calendar year!  It expires December 1, 2009 and is a reduction to your tax liability, not a check sent to you because you purchased a home.

There are also income caps.  If you are single, the cap is $75,000 and joint filers it is $150,000, and you need to stay in the home for three years.  Unlike 2008, this is a true tax credit, and does not have to be repaid as long as the three year requirement is met.

Take a moment to download this PDF and feel free to call me with your questions!

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