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A Buying Opportunity?

November 6, 2013 Columns Comments Off on A Buying Opportunity?
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By Carl Fischer
As a direct result of the uncertainty that has arisen from national and regional politics, with its unsettling effect on the Northern Virginia area, for the past two months there has been a market slowdown which has created a decrease in the level of new buyer interest in the residential markets. It has also increased the number of homes on the market, and the average “days on market” for already listed properties.

As a result, the cycle of rapidly escalating costs, and the meteoric rise in interest rates has created a lull in the market that affords potential buyers a unique opportunity.

Even though sellers tend to be slow to recognize this impact, most buyer’s agents will quickly point out that new offers have declined and the specter of multiple offers has diminished, if not vanished, from the market. Price levels for houses sold recently have also declined. … Continue Reading

Too Much Too Soon

September 4, 2013 Columns Comments Off on Too Much Too Soon
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By Carl Fischer

We have all been encouraged by the return of market activity in housing here in Northern Virginia. But it is beginning to seem that too much has happened in the past 18 months in too many areas of the process in too short a period of time for anyone to feel comfortable about it.

First, buyers returned

After years of limited activity, buyers slowly began to re-appear. For many, the first steps were very tentative, with few folks qualifying for new loans, and most having little real comfort in heading back to new ownership, or upgrading what they already had. Initially greeted with bloated inventories, the “picking” was good, so early buyers were able to get great value when they finally signed a purchase agreement. … Continue Reading

New Insights

June 4, 2013 Columns Comments Off on New Insights
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By Carl Fischer

I was recently invited to attend the National Association of Realtors mid-year conference held at the Washington Hilton on Connecticut Avenue as a panelist. It was an invitation-only “Masters of the Market” group consisting of some of the most forward thinking and highly productive real estate brokers in North America. Most were former Howard Brinton “StarPower” honorees, as I was, and for me, it was like “old home” week.

I’m telling you all of that to tell you this: The real estate market, as we all know, has changed dramatically over the past five years. We all knew it would, but it has been a challenge for even full-time top-producing professionals to keep up.

In the two-and-a-half hours we shared, the social exchanges lasted for just a few minutes and rolled into unending flood of new and useful information. One which stood out in my mind as particularly important I describe below. … Continue Reading

Real Estate Ticker – April

April 2, 2013 Columns Comments Off on Real Estate Ticker – April
Carl Fischer headshot

I’m writing this article from the new Omni Hotel in downtown Fort Worth, Texas…
while attending United Country’s Annual Convention being held this year in Forth Worth Texas. It’s an interesting contrast with the familiar universe of Northern Virginia market activity. While back home we are dealing with the still-too-early-to-predict consequences of the sequester, the Fort Worth area is experiencing an explosion in growth, price recovery, and new construction, of both single-family and multifamily houses. The median price here has increased from $155,000 a year ago, to $168,900 today. Their listing inventory declined from 3131 a year ago to 2223 today. Now THAT is a recovery!

Locally, residential resale prices are holding on, but not accelerating as I anticipated…
Month-over-month rate of sales fell off this past month in both sales volume as well as number of sales, but were still higher than the same month last year. According to the MRIS, the active number of listings is down from 1,287 to 1,040 compared to the same month last year. The number of new contracts was off 10.6 percent for the same period in 2012. … Continue Reading

Tiptoeing Towards the “Spring Market”

March 9, 2013 Columns Comments Off on Tiptoeing Towards the “Spring Market”
Carl Fischer headshot

If you are having difficulty understanding what our real estate market will actually look like as we move into warmer weather, don’t feel alone; so do I. It’s true that there continues to be a sense of “cautious optimism” when it comes to our economy in general, but speaking with folks dropping by my office or calling, there is still a very pronounced air of caution in everyone’s comments.

Residential resale prices are showing some improvement…

However, the month-over-month rate of sales fell off dramatically this past month, though they were still higher than the same month last year. According to the MRIS, the active number of listings is down from 1,282 to 1,005, compared to the same month last year. The number of new contracts was up 4.96 percent for the same period. … Continue Reading

The Great Recession Is Over, Isn’t It?

February 6, 2013 Columns Comments Off on The Great Recession Is Over, Isn’t It?
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By Carl Fischer

For the past six months, the media has been filled with “promising signs” suggesting that our long housing nightmare is over … and based on personal observation, in our area of Northern Virginia, that certainly seems to be the case.

To be sure, affordable single family homes and townhouses are becoming very hard to find.

So when a new listing hits the market, you need to be fully prepared to act on it promptly, if the property meets your needs. This shortage of inventory has had the to-be-expected impact on prices … they are definitely going UP!

So what’s there to worry about? … Continue Reading

Holiday Season Softening in the Residential Market….

January 9, 2013 Columns Comments Off on Holiday Season Softening in the Residential Market….
Carl Fischer headshot

As is often customary this time of year, most market metrics fell in the month of October. Total sales volume was down 8.5 percent compared to last month, but still, year over year we were up a whopping 38 percent. Days on Market (DOM) continues to decline, which is a great litmus test for pent-up demand.

The ratio of SOLD prices to list, or “asking” prices continues to improve. Inventory of homes available for sale is still shrinking, down nearly 16 percent compared to this month last year.

Here’s a look at Loudoun numbers for September from MRIS

FHA on the move

One area of interest that jumped at me this month was a series of articles I ran across focused on imminent changes in process that will have a real impact on buyers of affordable homes in this area. … Continue Reading

Holiday Season Softening in the Residential Market

December 5, 2012 Columns Comments Off on Holiday Season Softening in the Residential Market
Carl Fischer headshot

As is often customary this time of year, most market metrics fell in the month of October. Total sales volume was down 8.5 percent compared to last month, but still, year over year we were up a whopping 38 percent. Days on Market (DOM) continues to decline, which is a great litmus test for pent-up demand.

The ratio of SOLD prices to list, or “asking” prices continues to improve. Inventory of homes available for sale is still shrinking, down nearly 16 percent compared to this month last year.

A look at Loudoun numbers for September from MRIS:

… Continue Reading

Residential Market Continues to Move Up

November 7, 2012 Uncategorized Comments Off on Residential Market Continues to Move Up
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By Carl Fischer

Though lead traffic seemed to fall off a bit in August and September (a typical “summer doldrums” phenomena), there was sufficient sales activity to keep the buying spree moving forward. Month-over-month activity dropped 11.7 percent, but year-over-year, we are still up 22.6 percent.

One key indicator is the continued rise in average sold price as well as the ongoing drop in days-on-market. Inventory of homes available for sale is still shrinking.
A look at Loudoun numbers for September from MRIS appears above …

Buyer’s advantage is beginning to wane …

As prices begin to creep up, and they are, the unique advantage buyers have enjoyed for some time is slowing beginning to slide away. Homes that sold in April and May of this year for $350,000, are now going to contract at $365,000-$370,000. Same house; different market! … Continue Reading

Housing: The “Up” Side of this “Down” Market

September 5, 2012 Columns Comments Off on Housing: The “Up” Side of this “Down” Market
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By Carl Fischer

In the past two months, the housing market has seen a traditional reduction in residential sales activity through the heat of the summer. In the summer months, many families have more pressing demands on their time, be it for vacations, travel, or simply family get-togethers both near and far.
During this period, the national press continues to document the case for a very slow, erratic recovery in both house prices and consumer confidence. And these facts are hard to ignore. But there’s one aspect to what has happened in the past five years that seems to escape the focus of the press: How about the incredible opportunities this down market has presented to those who can take advantage of the ‘now’?

For those owners who are buried, or up-side down in their present ownership situation, and who agonize daily about their loss of equity as house prices have continued to erode, it feels like there’s very little to be done but just wait this recovery out. … Continue Reading

Agency law in Virginia has changed… Part II

July 31, 2012 Lifestyle, Real Estate Comments Off on Agency law in Virginia has changed… Part II
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By Carl Fischer

July 1, 2012 has now passed, and the new regulations put in place by the Virginia Real Estate Board (VREB) and through it’s licensing and oversight arm, the Department of Professional and Occupational Regulation (DPOR) are now the law of the land.

So from this date forward, when you engage for the first time ANY licensed real estate agent or broker here in the Commonwealth of Virginia, be prepared to declare how you would like him to provide services for you. You have three choices:

  1. As a STANDARD AGENT, who has the normal and usual responsibilities to represent you as in the past. But he may also have additional duties which you and he must agree to, in writing, or
  2. As a LIMITED SERVICE AGENT, (formerly a limited service representative), who acts for or represents a client with respect to real property containing from one to four residential units, pursuant to a brokerage agreement that specifies that he will NOT PROVIDE one or more of the duties set forth in a specific list itemizing such services, or
  3. As an INDEPENDENT CONTRACTOR, whose role in NOT that of an agent, but may be referred to as a “transaction broker”, among other terms. In this capacity, the service you barter for (and agree to) is best characterized as a third-party facilitator whose job it is to seek agreement between the parties so as to achieve the goal of the client (you). The standards and duties of the agent in this capacity is far more limited on your behalf than either of the other two.

… Continue Reading


 

 

 

 

 

 

 

Columns

Ice house, Hot House and Mad House

noerpel_new

Recently, I was asked: “I know we are putting carbon dioxide into the atmosphere and scientists say that will warm the planet but there were also ice ages and warmer climates in the past before humans so what caused those …

Sugar Crash

Lunde new

Sugar runs inside our body and fuels our very being. In biology they teach us that sugar is really glucose which is broken down in the body to produce ATP (adenine tri-phosphate). So why bring this up? Well, sugar is …

The Art of Memory

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By Samuel Moore-Sobel Still Alice. A movie that not only elicits tears, but naturally incurs reflection. This heartrending movie was the starting point of a personal wrestling with the implications of human memory. Remembering can bring us back to a …

Living in Debt

Michael_Pic

Dr. Mike, My husband has issues with money that are hurting our relationship and family. He makes a lot of money, but he spends more than he makes and we are in debt. He can’t just have a luxury car, …

June in the Garden

juneingarden flowers

Conserve Water, Beat the Heat and Keep Things Blooming By Andrea Gaines It’s getting hot out there. And, there’s nothing more discouraging for a gardener that to come home after a weekend away – or miss a regular watering schedule …

Potoma Wayside

potoma wayside

My advice is: Don’t look straight down; the combination of rushing highway traffic a couple of feet away and, what’s – to me, anyway – a dizzying height, can produce some unsettling sensations. I came to this conclusion after walking …

Editorial

Grief and Greed

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By Matthew Parse What would drive a single individual to cause so much emotional stress and financial burden on hundreds, if not, thousands of families? What would drive the Town …

Op-ed

Oh No, It’s the Christians!

blueridge2

By Nicholas Reid In the hours and days following every massacre perpetrated by radical Muslims, there is one unifying theme across most news coverage of the massacre, wherever it may …

Dear Editor

Thank You Purcellville Voters

kelligrim

I would like to thank you, the Purcellville voters, for your tremendous support of my campaign for Town Council.  I appreciate that so many of you put signs in your …

View From the Ridge

An Open Letter to the Citizens of Purcellville

blueridge2

Mark Your Calendar, They’ve Asked for Our Input So Let’s Give It To Them By Steady and Nobull The Purcellville Planning Commission has tentatively scheduled a series of public input …

Student News

Four Scouts Achieve Eagle Scout Rank

3 Feb 2016

eaglescout

Joel Gicker, Kyle Siecker, Sam Soltis and David Watson achieved the rank of Eagle Scout at a Court of Honor conducted at Blue Ridge Bible Church in Purcellville on January 9. The four Eagles are members of Troop 711 of …

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8th Grade Writers Honored At Blue Ridge Middle School

2 Jul 2015

blueridgemiddleschool

Sixty-seven Blue Ridge Middle School eighth graders have been honored for their writing during the 2014-2015 school year. Many students had their writing selected for publication by Creative Communication, a program for student writers, while others won county-wide writing contests. …

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Ben Kellogg Achieves Eagle Scout

1 Jul 2015

benkellog

Benjamin Robert Kellogg achieved the rank of Eagle Scout at a Court of Honor conducted at St. Andrew’s Presbyterian Church in Purcellville on March 29. Friends, family and troop leaders attended the celebration, including his parents, Robert and Deirdre Kellogg. …

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Calendar

June 2016
M T W T F S S
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Sea & Sky – an exhibit by copper artist Anne Jordan and mixed media artist Karen Watson

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Sea & Sky – an exhibit by copper artist Anne Jordan and mixed media artist Karen Watson

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

Free Gardening Lecture

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

Yard Sale

Notaviva Vineyards - Bluegrass Jam - FREE event

PAUL REISLER TRIO WITH LEA MORRIS AND MARSHALL KEYS

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

19th Annual Cajun Festival & Crawfish Boil

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

Goats at BRNP

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

Bring Dad to North Gate Vineyard

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

June Fourth Friday at Breaux Vineyards

Love, He Called It

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

Love, He Called It

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

Sip & Paint at Breaux Vineyards

Love, He Called It

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It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

28

It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

29

It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

30

It’s a Beach Thing . . . featuring lamp-work glass artist Julie Bahun and abstract painter Karen Hutchison

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Notaviva Vineyards - Bluegrass Jam - FREE event

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Lifestyle

Troy and Paula Haag Perform at Old Stone School

9 Jun 2016

troy and paula haag 1a

Troy and Paula Haag, will appear on The Gap Stage at the Old Stone School on Saturday, June 18. Tickets are $15 in advance and $20 at the door. Dinner will be sold by Big Mike’s BBQ, drinks will be sold by the glass, and there will be desserts at intermission. Troy and Paula will be joined by Max Haag …

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Here’s To the Colorists, Manicurists and Blow Dry Mavens… Thanks for Listening!

1 Jun 2016

hair color

Sunday, June 26 is Beauticians Day, celebrating the cosmetology and other experts who keep us looking and feeling our best – whether it’s with a haircut and style, a facial, a manicure, or just some quiet and light conversation.

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Wait. Something That’s Really Healthy Can Be Really Fun … Too?

1 Jun 2016

poolsafety2

Parents of small children, and property owners with pools, ponds and other water features know that swimming safety is a must. You need to have clear rules about how ponds, pools and other places are to be used, and when. Safety equipment needs to be up to date and accessible, and it is critical that there be a responsible adult …

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Around Virginia

HUD Awards $2 Million in Housing Counseling Grants To Virginia

Kaine

Sens. Mark R. Warner and Tim Kaine (both D-VA) announced today that Catholic Charities USA, headquartered in Alexandria, will receive $951,150 in federal funding, and the Virginia Housing Development Authority, located in Richmond, will receive $1,040,918. This nearly $2 million grant by the Department of Housing and Urban Development (HUD) …

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Four Hop, Skip and a Jump Local Destinations

morven

Last month we encouraged our readers to consider visiting any one of five great destinations within just a stone’s throw of Loudoun’s history-lined borders – Berryville and Harper’s Ferry among them. This month we feature four destinations – two right here in our much-celebrated county, and two just over the …

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Out and About Loudoun and Beyond

The Plains’ charming restaurants, shops and sidewalks.

Five Stone’s Throw Spring and Summer Destinations By Andrea Gaines Bordered by the Potomac River to the north and beautiful mountains to the west – and with easy access to Rt. 95, the Dulles Toll Road and Route 66 – Loudouners have no short list of fun spring places to …

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Sports

The Lady Vikings Earned Back-to Back Conference Title

1 Jun 2016

lvhs

The Lady Vikings earned the back-to back conference title with a 4-1 win over Heritage in late May. The team earned a first round playoff bye finishing first in the conference and then went on to defeat Rock Ridge 12-0 in the conference semi-finals. The Lady Vikings ended their regular …

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Big Baseball Coming To Fireman’s Field

1 Jun 2016

purcellville cannons

Got Your Father’s Day Gift Lined Up Yet? The Purcellville Cannons’ Brett Fuller couldn’t be happier. He’s the owner of one of the most popular teams in the Valley Baseball League. The team, up until recently was called the Charles Town Cannons but now calls Purcellville its home.

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