Specializing inNorthern Virginia real estate, as well as homes for sale in Prince William, Loudoun, Centreville, Gainsville, Manassas, Fauquier, and Fairfax Counties.
The real estate market continues to drop for 2008. There are literally thousands of homes on the market now and thousands more will be coming on. If they lowered the interest rate to 1%, it would have no effect on the market because no one can refinance.The value of the homes dropped(the bubble burst), which is a major cause of the situation we're in. The lending industry tightened up their regulations - minimum credit score of 620!- no more 100% financing - no more tax ID's, no more stated income loan, no more NINA's(no income no asset verification). These are only a few reasons why the market isn't coming back this year. Everyone should know the real estate market is cyclical. If they didn't know, they sure know now. The trick is to know when to purchase and when to rent. For those of you about to purchase, it's a great time and a great future awaits you.
For you newcomers, please call and ask questions. If your going to spend $150,000. on a home please make sure you speak to a pro. If your interested in learning more, please feel free to speak with me.Buying a home is a major step in anyone's life - don't make a mistake
Also Visit my other website at harmonhomes.com, homes.com
