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A Buying Opportunity?

November 6, 2013 by Blue Ridge Leader 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 by Blue Ridge Leader 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 by Blue Ridge Leader 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 by Blue Ridge Leader Columns Comments Off on Real Estate Ticker – April
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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 by Blue Ridge Leader 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 by Blue Ridge Leader 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 by Blue Ridge Leader Columns Comments Off on Holiday Season Softening in the Residential Market….
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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 by Blue Ridge Leader 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 by Blue Ridge Leader 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 by Blue Ridge Leader 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 by Blue Ridge Leader 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

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Sustainable Planet

Not Your Father’s El Nino

15 Aug 2015

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NASA and other agencies now forecast the incipient El Nino conditions to continue at least into the winter and the early part of 2016. Figure 1 compares Pacific sea surface temperature anomaly for the El Nino of 1997- 1998 with …

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Ask Dr. Mike

Childhood and Adolescent Depression: Tips for Parents and Caregivers

2 Sep 2015

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By Michael Oberschneider, Psy.D. According to the Centers of Disease Control and Prevention (CDC), depression affects one in every 10 Americans.  And while the CDC’s data on depression currently shows that folks residing in the Commonwealth of Virginia fall slightly …

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Just Like Nothing (Else) on Earth

Just Like Nothing (Else) on Earth: Suzanne Kane Nature Preserve

2 Sep 2015

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This innocuous little area lay smoldering in my semi-consciousness for several years – and after thousands of passings-by – I finally woke up one morning and just had to find out what was to be found out there. See – …

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Just Like Nothing (Else) on Earth: Morven Park

7 Aug 2015

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I think what strikes me most about this place – as over the top as it is in many ways – is how understated it really is; I know that’ll take some explaining. I’ve been to Morven Park hundreds of …

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Sushi's Corner

March Sushi

4 Mar 2015

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Hello everyone, this is Hokie Cat from Fields of Athenry Farm. Sushi is in big trouble as we speak and is residing in doggy dungeon. I am here to fill you in on what took place. My brother Mountie loves …

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Virginia Gardening

Planting an Allergy-Free Garden

5 May 2015

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By Donna Williamson Tom Ogren has a long-time interest in allergy-inducing plants. He has written several books on the topic and in February released his latest The Allergy Fighting Garden. He explains why plants can stir up allergies and has …

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Samuel Moore-Sobel

A Man of Character

3 Sep 2015

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By Samuel Moore-Sobel “I thought it would be appropriate to reiterate my thoughts on power and quote something from Frederick Douglass that I believe is quite true,” Manfred Kory wrote to me after reading Lonnae O’Neill’s June 29 column in …

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Amy V. Smith's Money Talks

When To Take Social Security: Timing Is Everything

3 Sep 2015

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As you approach retirement, there are several decisions that can impact the level of income you will receive when you stop working. One such decision will be about claiming your Social Security retirement benefit. More than half of eligible Americans …

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Student News

8th Grade Writers Honored At Blue Ridge Middle School

2 Jul 2015

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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

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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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Blue Ridge Middle Places 11th In National Science League

1 Jul 2015

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Blue Ridge National Science Day Declared Tuesday, June 10 has been officially been declared Blue Ridge National Science Day. At a recent Purcellville Town Council Meeting, Mayor Kwasi Fraser and members of the town council signed a proclamation designating this …

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Events

September 2015
M T W T F S S
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Afghan Treasures Trunk Show

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Afghan Treasures Trunk Show

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Afghan Treasures Trunk Show

Notaviva Vineyards Monthly Bluegrass Jam is BACK w/Short Hill Mountain Boys

Notaviva Vineyards - Bluegrass Jam - FREE event

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Afghan Treasures Trunk Show

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Afghan Treasures Trunk Show

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Afghan Treasures Trunk Show

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Afghan Treasures Trunk Show

COFFEEHOUSE: J.RILEY STEWART

COFFEEHOUSE: LOVE, LOSS & WHAT I WORE

14 15

Afghan Treasures Trunk Show

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KAYDEE PUPPETS: SHEEP DOG DETECTIVES

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Afghan Treasures Trunk Show

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LAST HAM STANDING COMEDY IMPROV

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Afghan Treasures Trunk Show

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Afghan Treasures Trunk Show

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Afghan Treasures Trunk Show

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Afghan Treasures Trunk Show

September Fourth Friday at Breaux

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Rally for the Cure

Afghan Treasures Trunk Show

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Afghan Treasures Trunk Show

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Afghan Treasures Trunk Show

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Afghan Treasures Trunk Show

Notaviva Vineyards - Bluegrass Jam - FREE event

BUSH BROTHERS LIVE!

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Recent Comments

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  • Mark Gunderman on Gifts Within: Second Mount Olive Baptist Church, located in Hamilton, VA, was founded in 1872. The congregation desires to exalt God and...
  • Kathleen Hannon on What It Means To Be a Man: Great article Samuel! We have two daughters and we try to teach them to look for qualities such as...
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View From the Ridge

An Open Letter to the Citizens of Purcellville

5 May 2015

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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 sessions June 4, 11 and 18 at 7:00 p.m. at town hall for the proposed sweeping zoning changes. These major …

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Editorial

Getting Purcellville Out of the Conflicts of Interest Trap

7 Aug 2015

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Three Virginia laws address openness in government: the Virginia Freedom of Information Act (VFOIA), The Virginia Public Records Act (VPRA) and The Virginia State & Local Government Conflict of Interests Act (VCOIA). VFOIA guides how public bodies conduct their meetings and regulates access to government records. VPRA establishes basic rules about what constitutes a public record and what the government’s …

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Lifestyle

Rally for the Cure Golf Tournament

3 Sep 2015

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Stoneleigh Women’s Golf Association’s is having their annual Rally for the Cure ™ golf tournament in Support of Breast Cancer Awareness Month. This is a great opportunity to play at the golf course recently cited as being the prettiest golf course in Northern Virginia by Golf Magazine and recently awarded a 3.5 star rating by Golf Digest. The format is …

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Irish Sessions at Corcoran Brewing

3 Sep 2015

noerpel150

Gina Faber and Tony Noerpel have started an “Irish Session” at Corcoran Brewing Company in Purcellville once a month on the second Sunday. The next session will be from noon to 3:00 p.m. on September 13. It is an open session, and anyone can bring an instrument and play along. Tony and his wife, Nancy, visited Ireland last year and were impressed by …

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September Calendar

3 Sep 2015

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Ongoing events Saturdays, September 12 to October 17, Interpreting Scripture Through Visual Arts, from 10:00 a.m. to noon. Jonathan Holland, artist and youth pastor, will take you on a journey to create powerful and moving art rooted within the Bible. Cost is $105. Go to opusoaks.org. On Saturday, September 12 at noon, Sunday, September 13 at 1:00 p.m., September 26 at noon and September 27 …

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Wild Loudoun

Dragonflies – To See Is To Believe

7 Aug 2015

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Shadow Darner. Unicorn Clubtail. Black Shouldered Spinyleg. Blue Dasher. Ebony Jewelwing. Calico Pennant. Sanddragon. Their names conger up some magical place inhabited by devils and demons, elegant queens, daring lovers – creatures you would need to see with your own eyes to believe really existed. But, each of these, including the Calico Pennant, is actually one of the most common …

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Around Virginia

Good Government Reinforces the Family

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By Delegate Dave LaRock Working as the elected Delegate for the 33rd House District has renewed my understanding of the value of a strong family. After decades of raising my family of mom, dad, and seven children and building my family’s business, which provided countless opportunities for mom, dad and …

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Governor McAuliffe Launches Governor’s Council on Youth Entrepreneurship

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Governor Terry McAuliffe today signed Executive Order 47 establishing the Governor’s Council on Youth Entrepreneurship, which shall be responsible for coordinating and implementing youth entrepreneurship initiatives and fostering the growth of the entrepreneurial ecosystem for young people in Virginia. “The foundation of the new Virginia economy rests on the strength …

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Congress and MWAA VS Loudoun Taxpayers

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By Delegate Dave LaRock It’s no secret that population growth and business development have left Loudoun County, especially busy areas to the east, with some pretty challenging traffic. The process of expanding the local network of roads and transit always seems to be playing catch-up, usually tied to availability of …

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Sports

Las Vegas Tournament Good for Loudoun Teams

2 Sep 2015

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D1 Sports & Athletics 15U Spartan Elite Boys basketball team won the Gold Elite Championship out of 158 teams from across the country at the Bigfoot Hoops Las Vegas Classic on July 26. D1SA Spartan Elite defeated Drive Bounce Elite from British Columbia, Canada, in the championship game with the …

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Drew Hunter Heading To Pan American Games

7 Aug 2015

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Loudoun Valley’s Drew Hunter placed second in the United States Track and Field 1500-meter run Junior National Championship. That earned him a spot on the United States Junior Team going to the Pan American Games in Edmonton, Canada in late July. Drew lost to college freshman Blake Haney of the …

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This Month in History

July, 1776: Loudoun’s Revolution Within A Revolution

1 Jul 2015

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– By Andrea Gaines Loudoun County was heavily invested in the fight for independence from Great Britain. Loudouner Francis Lightfoot Lee was one of 56 delegates to sign the Declaration of Independence. More Loudouners served in General George Washington’s army than any other county in Virginia, and the county’s enormous …

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Mary Rose Lunde

Perfection and Expectation in High School

3 Sep 2015

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By Mary Rose Lunde If you think about high school, what do you think about? Do you think about the sports and how important they are to some students whose only dream of getting into college is a scholarship? Do you think about the high school student struggling for an …

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Sarah's Closet

Go Pink … As Pink As You Like

1 Jul 2015

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– By Sarah Nearis Look at these sweet and summery pink blouses and tops. Don’t you want to try one on? Some women are afraid to wear pink, thinking it’s a bit too feminine. But, pink comes in such a wide variety of shades – from soft mauves to fuchsias …

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Letters

Thank You Purcellville

7 Aug 2015

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I want to express my sincere appreciation for the outpouring of support by the local business owners and residents in relationship to my challenge to …

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Independence Won – Much Left To Be Done

1 Jul 2015

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With graduations behind us and summer vacations ahead, we have much to look forward to. My summer will be full of events and opportunities to …

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Reflections for Father’s Day, a Child’s Constitutional Rights

15 Jun 2015

Bob Ohneiser

I’ve been a licensed attorney and a father since the late 80’s. Yet, I wonder about how many of our country’s legal theories – theories …

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