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The Bee’s Knees of Market Listings

May 4, 2016 Lifestyle, Real Estate Comments Off on The Bee’s Knees of Market Listings
The Bee’s Knees Of Market Listings-1

By Hannah Hager

Congratulations—we have found the perfect home for you in the knick of time for summer. This colonial on the edge of Purcellville is the bee’s knees of market listings — you’ll know what we mean at first sight of its yellow facade.
Warm weather is upon us and this sunny home is made for you to enjoy it. It’s not just the multitude of windows, including five dormers, or the deep-seated, wrap-around porch at which you’ll salivate over the wood and stone finishings. No, you’ll barely be able to keep the kids and guests indoors once you follow the winding porch to overlook the patio and the grandly-appointed swimming pool and spa hot tub below. Bring along your friends of the four-legged variety, too, as dogs, cats and horses alike will find a place to enjoy grazing amongst the barn, stables and pastures beyond. … Continue Reading

Dare To Be Different in Bluemont

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By Hannah Hager

It’s not easy to have it all. Most families have an idea in their mind of what the perfect home looks like and where it is located. Not all of them would choose a weathered-wood home surrounded by thick forest. But, you’re not them. You’re you – and you’re the kind of family who dares to be different. … Continue Reading

New Insights

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

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

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
Carl Fischer headshot

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

Roth IRA Conversions: Opportunities and Deadlines

October 3, 2012 Amy and Dan Smith, Columns Comments Off on Roth IRA Conversions: Opportunities and Deadlines
Amy Smith-BRL

By Amy Smith

Potential increase in federal income tax may make 2012 Roth conversions attractive.

When you convert a traditional IRA to a Roth IRA, the conversion is generally taxed as ordinary income (except for any after-tax, non-deductible contributions you’ve made). With the “Bush tax cuts” set to expire at the end of 2012, federal income tax rates will jump up in 2013. Unless Congress acts, we’ll go from six federal tax brackets (15, 25, 28, 33, and 35 percent) to five (15, 28, 31, 36, and 39.6 percent).

While there continues to be discussion about extending the expiring tax cuts, many believe there’s little chance of resolution until after the November election.

While no one can predict what Congress will ultimately do (or not do), 2012 may present an opportunity to convert a traditional IRA to a Roth IRA at a potentially lower tax cost than if you wait until 2013. … 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
Carl Fischer headshot

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
Carl Fischer headshot

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

Local Housing “Trends” Are Still Very Fragile

June 6, 2012 Columns Comments Off on Local Housing “Trends” Are Still Very Fragile
Carl Fischer headshot

By Carl Fischer

For some time now, I have reported specific observations that have lead me to believe that our local residential housing market is “bottoming out”. And I have no reason at present to believe that trend in not continuing. But every erratic day on the S&P or DOW sends reverberations down my spine. And it drives buyers back into a fetal position bracing themselves for “what comes next”.

It’s not that a majority of our neighbors are necessarily heavily invested in the the stock market, but I think a very high percentage see these indicators as bellwethers for a larger trend in the regional and national economy. And we’ve all been so numbed by this seemingly endless “Great Recession”, that any observation whatever of present uncertainty feels like an aftershock to a bad earthquake, amplified by our worst fears. … Continue Reading

The Builder’s Wife

June 6, 2012 Lifestyle, Real Estate Comments Off on The Builder’s Wife
SONY DSC

By Cathy Little

Smart Homes
When we attend the builders’ shows, some of my favorite displays are the “smart” home vendors. The capabilities they promise evoke visions of a house that the Jetsons would be at home in – integrated control of lighting, heating, sound, security, etc., all at your fingertips.

Our clients have taken advantage of various aspects of this technology. However, you don’t have to build a new home to put this luxury to use. The best part about a smart home is that the various options can be integrated and managed through an LCD console user interface in your kitchen or better yet, remotely from your smartphone. … Continue Reading


 

 

 

 

 

 

 

Columns

Superforecasting a Book Review

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The book “Superforecasting” by Philip Tetlock and Dan Gardner contains a nearly complete list of the attributes of superforecasting, as well as critical thinking. Tetlock’s research empirically confirms the aspects of critical thinking I’ve been discussing in this column. Their …

Pokémon GO: A Fun New Gaming App or an Accidental Treatment?

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Penicillin was accidently discovered in 1928 when scientist Alexander Fleming returned to his lab from vacation to notice that a strange fungus growing on a culture had killed off the neighboring bacteria. After WWII, psychiatrist and researcher, Dr. John Cade, …

Brotherly Love

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– By Samuel Moore-Sobel There he was. A small, innocent being entering the world for the very first time. Can I touch him? Nervously, I lean forward. He seems so perfect, so completely serene. He is loved instantly. The last …

To The Teen Who Feels Alone

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– By Mary Rose Lunde I’m going to do something real here and be honest for a second. In a society where telling someone your deep emotional feelings is considered weak, doing just that seems to be detrimental and could …

Unmotivated Teen

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– By Michael Oberschneider, Psy.D. Dr. Mike, At our insistence, our 17-year-old son is going to get a summer job. Well, that’s what he agreed to, but we are two weeks into the summer and guess what … he doesn’t …

Time To Add Discipline To Your Good Money Habits

Smith0035

– By Amy and Dan Smith For many, their 30’s is a time to build a family and a stronger financial future That 30th birthday can be a somewhat traumatic event, but with people living longer, they say 50 is …

Student News

Congratulations, Class of 2016

6 Jul 2016

grads_woodgrove

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

buckland

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

adamspromoted

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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Calendar

July 2016
M T W T F S S
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Bingo at St. Francis de Sale Catholic Church

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

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Bingo at St. Francis de Sale Catholic Church

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

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Bingo at St. Francis de Sale Catholic Church

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

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Bingo at St. Francis de Sale Catholic Church

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

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Bingo at St. Francis de Sale Catholic Church

Dancing Through Color

TGIF - Jake & the Burtones

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Bingo at St. Francis de Sale Catholic Church

Dancing Through Color

Ken Wenzel Live at North Gate Vineyard

Notaviva Vineyards - Bluegrass Jam - FREE event

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Bingo at St. Francis de Sale Catholic Church

Dancing Through Color

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Bingo at St. Francis de Sale Catholic Church

Dancing Through Color

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Bingo at St. Francis de Sale Catholic Church

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Bingo at St. Francis de Sale Catholic Church

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Bingo at St. Francis de Sale Catholic Church

Dancing Through Color

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Bingo at St. Francis de Sale Catholic Church

Dancing Through Color

Yard Sale Benefiting EPIC

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Bingo at St. Francis de Sale Catholic Church

Dancing Through Color

Moon Music Live at North Gate Vineyard

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Bingo at St. Francis de Sale Catholic Church

Dancing Through Color

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Bingo at St. Francis de Sale Catholic Church

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Bingo at St. Francis de Sale Catholic Church

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Bingo at St. Francis de Sale Catholic Church

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Dear Creek Live at North Gate Vineyard

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Bingo at St. Francis de Sale Catholic Church

Dancing Through Color

Quentin Walston Live at North Gate Vineyard

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Bingo at St. Francis de Sale Catholic Church

Dancing Through Color

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Bingo at St. Francis de Sale Catholic Church

Dancing Through Color

Paint Your Pint

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Bingo at St. Francis de Sale Catholic Church

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Lifestyle

Farmers Urged To Be on the Lookout for Marijuana

23 Jul 2016

blueridge

Farmers in Southwest Virginia are being urged to check their property for marijuana planted by trespassers. Within the past year, hundreds of marijuana plants have been discovered between rows of hay bales on farms in and around Pulaski County, according to the Claytor Lake Regional Drug Task Force. “Unfortunately this is a growing trend,” said Corporal Barbara Owens of the …

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Bluemont Harvest Ball To Be Held on September 17 in Warrenton

20 Jul 2016

blueridge

To commemorate the organization’s 40th Anniversary, Bluemont has announces the first ever Bluemont Harvest Ball, to be held on September 17 from 6:30 pm to 11:00 p.m. on Main Street in downtown Warrantor. This black tie event will feature live music from the Silver Tones Swing Band, dancing, a four-course, seated dinner, an open bar, and a silent auction. Tickets …

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What Do You Do To Stay Cool?

7 Jul 2016

ice-cubes

– By Amanda Clark “To chill out this summer I will spend a lot of my time playing music. During the summer, I have so much free time and I devote as much of it as I can to playing music.” – Michael Preston (Lovettsville) “To chill out this summer I will go to a friend’s house and borrow their …

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Editorial

Grief and Greed

blueridge2

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

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

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– 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

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– 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

Lessons from Short Hill

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It’s been a little over two weeks since the Commission Permit for the proposed AT&T facility on Short Hill was overruled by the Board of Supervisors. This is just about …

Thank You

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Dear Citizens of Purcellville: As your town council member it is my vision and priority that you feel welcome at your Town Hall and take part in shaping Purcellville’s future …

View From the Ridge

An Open Letter to the Citizens of Purcellville

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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 …

Around Virginia

Blood Donors Asked To Help Address Summer Shortage

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Virginia Blood Services is urging Virginians to help replenish an extremely low summer blood supply and asking eligible donors to visit any one of its area Community Donor Centers or mobile blood drives. “Summer is always a challenging time for blood collections,” says Virginia Blood Services Executive Director, Todd Cahill. …

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McAuliffe Announces New Exports for Virginia Lumber Companies To the United Kingdom

McAuliffe

Governor Terry McAuliffe announced new export sales of Virginia wood products to the United Kingdom (U.K.) during a trade and marketing mission to Israel and the U.K. The sales were struck between four Virginia lumber companies and James Latham PLC, one of the oldest and largest wood importers and distributors …

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Governor McAuliffe Announces 105 New Jobs in the Town of Berryville and Clarke County

McAuliffe

Handsome Brook Farm, LLC to Invest More Than $6 Million to Establish Egg Processing Operation in Virginia RICHMOND – Governor Terry McAuliffe today announced that New York-based Handsome Brook Farm, LLC will invest $6.4 million to establish a new pasture raised egg processing operation in the Town of Berryville and …

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Sports

Registration Open For Ida Lee’s Fall NFL Flag Football

7 Jul 2016

NFL_Flag_Football_at_IdaLee

Ida Lee’s Fall 2016 NFL Flag Football League will begin with player evaluations on Saturday and Sunday, July 30 and 31.  Players must be registered by Tuesday, July 26, to participate. This fall, Ida Lee’s Leesburg NFL Flag Football House League will have the following age groups:  6-7; 8-9; 10-11; …

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Everyone’s Getting Into Cannons Action!

6 Jul 2016

cannons

Purcellville Cannons? Baseball July Schedule July 9, 7 p.m. at home Covington? July 12, 7 p.m. away Winchester? July 13, 7:30 p.m. Harrisonburg? July 14, 7 p.m. at home Strasburg? July 15, 7 p.m. at home Woodstock? July 16, 7 p.m. away Front Royal? July 17, 7 p.m. at home …

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