2018 Virginia Real Estate Market Predictions

2017 saw home prices going up and up in Northern Virginia, and predictions say that the Virginia housing market will keep with this trend in 2018. It's a seller's market in the state of Virginia this year, but the currently low-interest rates are also making it a decent time for buyers as well. These past couple years have been the best in a while when it comes to the housing market, now that the United States is out of its last … [Read more...]

Discover the Best Real Estate Markets for Investing in 2017

After some considerable ups and downs (especially in the aftermath of the 2008 economic fall), the markets around the country are recovered and growing. This previous list of the best real estate markets (which we shared with you some time ago) highlighted the best housing markets through 2016. Readers could then get a better sense of what was going on in this business niche and even choose from the particular housing market which they would feel … [Read more...]

The 2015 Virginia Housing Market Predictions

Slow, steady improvements have occurred across the Virginia housing market through the past two years. Some of the state’s areas saw home sales rise and fall tremendously as the market tried to recover from the worst real estate collapse since the Great Depression. It was only in 2013 when the state finally began to benefit after two straight months during which housing market predictions increased along with the official numbers. That moment can … [Read more...]

2013 Virginia Housing Market

Slow, steady housing market improvement across Virginia will continue through 2013 and 2014, according to experts. In a recent press release, the National Association of Homebuilders' David Crowe said "home price trends continue to increase, which is good news. However, given how far the prices fell during the Great Recession it will still take some years to fully recover. In a sign that the building economy is coming back, new housing starts … [Read more...]

Four States with Appreciation in Housing Markets

Now There Are Only 4 Real Estate has changed. Only four states remain with enough local housing market appreciation to stay on the Housing Predictor appreciation list for the remainder of 2007. The over-whelming majority of housing markets have deflated throughout the nation. Just four states have regionally vibrant economies enough to be strong enough to weather the nation’s mortgage crisis storm without substantial damage. At the height … [Read more...]

Formal Foreclosures Fall 21 Straight Months

By Mike Colpitts Formal foreclosures fell for the 21st straight month in July as repossessions on U.S. residential properties ran into additional snags. Lenders completed 53,654 foreclosures during the month, a 1% fall from June and a 21% drop from a year ago, according to RealtyTrac. Bank owned REO activity also fell on an annualized basis in 38 states and the District of Columbia. Some of the biggest drops in foreclosed property sales … [Read more...]

Mortgage Company CFO Sentenced to 5 Years

By Ryan Jackson The former chief financial officer of one of the nation’s largest mortgage companies, Taylor, Bean and Whitaker, was sentenced to five years in federal prison for his role in a $2.9 billion fraud scheme that led to the failure of the company, and cost hundreds of investors millions of dollars. Delton de Armas, 41, was sentenced by a federal judge in Virginia to the term after pleading guilty to one count of conspiracy to … [Read more...]

Chinese Drywall Damage Tops 100,000 Homes

By Mike Colpitts Attorneys are working on a class action settlement with the makers of Chinese drywall that has damaged or destroyed more than 100,000 U.S. homes. But the drywall, which has been used in the construction of homes since as early as 2001 may soon be outlawed in the U.S. Homeowners in at least six states, including Texas, Florida and Louisiana have lodged lawsuits against the Chinese maker in efforts to pay for massive damages … [Read more...]

2012 Virginia Housing Market

What seemed like rock bottom home prices Virginia homes were getting are projected to slip further as the region encounters greater economic turmoil recovering from the real estate collapse. The housing market in most of Virginia seemed as though it was on the mend, but an uptick in foreclosures is troubling the region and sending prices on homes lower, despite a surge of federal employees from the nation's capital buying homes. Home sales in … [Read more...]

Real Estate Broker Pleads Guilty in Straw Buyer Scheme

By Mike Colpitts A former real estate broker pled guilty to fraud charges in relationship to a mortgage scheme that involved more than $12 million in mortgages, straw borrowers that operated over a course of seven years and real estate investors. The plea was entered after federal prosecutors worked out a deal with Alexander O. Matthews, whose real estate license was revoked in the state of Virginia in 2007. Matthews, 46, of Dunn Loring, … [Read more...]