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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
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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 Columns Comments Off on Tiptoeing Towards the “Spring Market”
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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….
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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 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.

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







The Grim Reaper and the Great Barrier


(to be presented to the Board of Supervisors in January) “The recent frequency and intensity of mass coral bleaching are of major concern, and are directly attributable to rising atmospheric greenhouse gases.” [1]

Pearl Harbor


By Nicholas Reid Seventy-five years ago this December 7, to quote President Franklin D. Roosevelt, “the United States of America was suddenly and deliberately attacked by naval and air forces of the Empire of Japan.” It will have been 75 …

Early Returns: How U.S. Markets Reacted to the Presidential Election


On November 8, 2016, Republican candidate Donald J. Trump won a closely contested election for president of the United States. Late on election night, when it became evident that Trump was likely to win, despite consistently trailing in the polls, …

America: Worthy of Our Trust


By Samuel Moore-Sobel My friend and I sit in a bar near our office. He is upset, bags under his eyes due to lack of sleep. Thursday, our weekly night to meet is usually a happy hour filled with intellectual …

South Riding

South Riding

I should have known that this one would take me far from my contemplative, Zen-inspired comfort zone; after I’d traversed more construction projects than I wanted to tally, competed with hurried, coffee-driven commuters with no time for mere existence, and …

Support Group Help Needed


Dr. Mike, My son was diagnosed with ADHD two years ago, and his pediatrician at that time recommended we try a social skills group for his “immaturity” and “impulsivity.” We did that, and our experience was horrible. The kids in …

The State of Corals

Figure 3 close up view of healthy coral polyps. [9]

(Presented to the Board of Supervisors December 6, 2016) “Events as severe as the 1998 event, the worst on record, are likely to become commonplace within 20 years.” – Ove Hoegh-Guldberg, 1999 [4] Tony Noerpel

Student News

Congratulations, Class of 2016

6 Jul 2016


Woodgrove High School’s Class Of 2016 Graduation – By Amanda Clark On June 16, Woodgrove’s Class of 2016 was the 5th graduating class to walk the stage and accept their diploma. The ceremony was filled with anticipation as the chorus, …

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Buckland Earns Degree In Medicine

6 Jul 2016


Molly Buckland, D.O., graduated from the West Virginia School of Osteopathic Medicine with a degree of Doctor of Osteopathic Medicine on May 28. While at WVSOM, Dr. Buckland received the Dr. Roland P. Sharp President’s Award and the James R. …

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Adams Promoted To Lieutenant

6 Jul 2016


Lt. James Adams, from Sterling and a Potomac Falls Halls Graduate, earned the promotion to the rank of Lieutenant. Adams is a Navy Week and Executive Outreach Planner for the Navy Office of Community Outreach in Millington, Tennessee. U.S. Navy …

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December 2016
Monday Tuesday Wednesday Thursday Friday Saturday Sunday
November 28, 2016 November 29, 2016 November 30, 2016 December 1, 2016 December 2, 2016 December 3, 2016

Holiday Open House

Notaviva Vineyards - Bluegrass Jam - FREE event

December 4, 2016

Holiday Open House

December 5, 2016 December 6, 2016 December 7, 2016 December 8, 2016 December 9, 2016

Christmas Market and Trolley Tours

December 10, 2016

Holiday Open House

13th Annual Purcellville Christmas Parade

Barrel Tasting Event Saturday

December 11, 2016

Christmas Market and Trolley Tours

December 12, 2016 December 13, 2016 December 14, 2016 December 15, 2016 December 16, 2016 December 17, 2016

Intro to Essential Oils

December 18, 2016
December 19, 2016 December 20, 2016 December 21, 2016 December 22, 2016 December 23, 2016 December 24, 2016 December 25, 2016
December 26, 2016 December 27, 2016 December 28, 2016 December 29, 2016 December 30, 2016 December 31, 2016

Family New Year’s Eve Celebration

January 1, 2017

New Year's Day Musikabend

Restore & Renew

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Steady and NoBull


Farm Bureau President Hopes for Immigration Reform

5 Dec 2016


Virginia Farm Bureau President Wayne F. Pryor told county delegates at the organization’s annual convention in Hot Springs that immigration reform “is an issue that has been delayed too long.” He noted that: “Work will begin on the 2018 Farm Bill next year. This is the most complex federal legislation farmers face, and it typically takes at least two years …

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Northern Virginia Chamber To Host Congressional Roundtable

5 Dec 2016


The Northern Virginia Chamber will host its annual Congressional Roundtable on Monday, December 12, from 3:00 to 5:00 p.m. at the Northern Virginia Chamber in Tysons (7900 Westpark Drive, Suite A550). The dialogue will cover several issues at the intersection of federal policy and business – federal spending, energy, trade policy, the sequestration and the effect on Northern Virginia, transportation, …

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Ugly Christmas Sweater Fad Keeps Growing

30 Nov 2016


Since 2012, the Re-Love It consignment shop, at 138 N. 21st Street in Purcellville, has developed the reputation as the place to get your Ugly Christmas Sweater in the Metro D.C. area. In that time, Re-Love It has sold more than 3,000 vintage Ugly Christmas Sweaters.

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Grief and Greed


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 …


Opinion: Terrorism, Debt, and China: Oh My!


– By Nick Reid world can be a very dangerous place sometimes, especially for a nation state such as the United States. Although danger is always present, the number and …

Metro Money Mess Pushing West


– By Delegate Dave LaRock (R-33rd) A local paper recently quoted Loudoun Board Chair Phyllis Randall as saying that in her observation “some of the concerns raised by the people …

Dear Editor

Vote No To the Minor Special Exception


We are a group of Loudoun County citizens who will be adversely affected if the board grants a special exception for the Catesby Farm property at your upcoming meeting. You …

It’s Our Right


On December 6, the Board of Supervisors is scheduled to vote on a “Minor Special Exception” proposal we submitted earlier this year concerning our Catesby Farm property. Unfortunately, our limited …

View From the Ridge

Broken Promises, Hidden by a Six-Foot Berm


By Andrea Gaines On August 9, 1825 at the age of 69, French military officer the Marquis de Lafayette was honored in Leesburg by former President James Monroe. The French-born …

Around Virginia

Warner Introduces Bill To Help Wells Fargo Victims Get Their Day in Court


U.S. Sen. Mark R. Warner (D-VA), a member of the Senate Banking Committee, introduced legislation to give Wells Fargo customers who were victims of a fraudulent account scheme their day in court. The bank was involved in a scandal this year after it was revealed that Wells Fargo employees secretly …

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History’s Holy Places: Four Local Sites Worth Exploring This Fall


The Journey through Hallowed Ground is a 180-mile long, 75-mile wide trek from Gettysburg to Monticello, encompassing nine presidential homes and places, 18 national and state parks, and thousands of small and large historical sites. Dozens and dozens of these sites and related museums are short ride from just about …

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Land Trust Receives Large Donation

land trust

On August 22, The Land Trust of Virginia received a $10,000 gift from the Sharon D. Virts Foundation, based in Herndon. The presentation of this grant was part of the Foundation’s official launch event, held at Selma Plantation in Leesburg. Notable speakers included Sharon D. Virts, FCiFederal Founder and Chair, …

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Accepting Applications for Sports League Funding

30 Nov 2016


Purcellville is accepting applications from local organizations for its annual sports league funding program. Organizations must serve the Town of Purcellville area, have citizens of the Town of Purcellville as players, and provide a letter to the Town from the IRS confirming the organization’s tax exempt status in order to …

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Woodgrove High Student Will Pursue Track and Field at George Mason

30 Nov 2016


Puneet Kaur of Woodgrove High School has signed a National Letter of Intent to continue her track and field career at George Mason University. Kaur has held the school record in shot put since her sophomore year and is looking to throw shotput, hammer, discus and maybe even the javelin …

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