Exciting news about some developments for the Columbia Pike corridor

Arlington continues to grow by leaps and bounds and is a great melting pot of nationalities, we also have the developemnt and growth to go along with that and here is some exciting news that I just read about from UrbanTurf.com that I thought was great news!

The Columbia Pike corridor continues to grow.

Construction is about to start on a condo and townhome project on Walter Reed Drive, a block from the rapidly developing Pike, reported ARLnow late Monday.

Columbia Place, developed by Evergreene Homes, will contain 14 two-bedroom, 1,283-square foot condos and eight single-family townhomes and will be located at the corner of Walter Reed Drive and 11th Street S. in Arlington (map). The condo portion of the building will rise five stories, while the townhomes will each be four stories tall with rooftop terraces. Ground floor retail will activate the street level.

Mortgage rates are going down! Proof enclosed!

Here are some interesting facts taken from the website Urbanturf.com. I though thought it was interesting and wanted to share it with everyone.

After staying above 3.5 percent for several months, long-term mortgage rates dropped below that benchmark this week.

On Thursday, Freddie Mac reported 3.43 percent with an average 0.8 point as the average on a 30-year fixed-rate mortgage. Last week, rates averaged 3.54 percent. Rates have more or less been on an upward trajectory since hitting a record low of 3.31 percent in November.

From Freddie Mac vice president and chief economist Frank Nothaft:

Mortgage rates fell further this week following a lackluster employment report for March. The economy added just 88,000 net new jobs last month, about one-third as many as February and the fewest since June 2012. In addition, approximately 496,000 people left the workforce causing the unemployment rate to fall to 7.6 percent.

Here’s one from Realtor.com

Mortgage rates saw a decline for the second consecutive week, according to the latest survey by mortgage buyer Freddie Mac. Loan rates fell once again as response to weak unemployment data reported by the Labor Department last week and continue to move closer to historic lows.

The average rate for a 30-year fixed loan saw a considerable dip, falling to 3.43% from 3.54% last week. If the current trend continues, loans may come close to the record low reach in November, 3.31%, which represented the lowest average rate on record dating back to 1971.

The low rates have helped keep home-buying and refinancing desirable as the market continues its slow recovery, notes mortgage expert Al Bowman:

If we see an increase in spending, the bond market will likely fall and mortgage rates will rise as it would indicate consumers are spending more than thought, fueling economic growth. However, a weaker than expected reading could push bond prices higher and mortgage rates lower, especially if the PPI gives us favorable results also.

In addition to falling 30-year fixed loans, the average rate on a 15-year fixed mortgage is also creeping towards the record low. Listed at 2.74% a week ago, 15-year fixed rates fell to 2.65%, which is a touch above the record low achieved in November, 2.63%.

Hybrid adjustable-rate mortgages also saw a slight decline. The average rate on a 5-year ARM fell from 2.65% to 2.62% this week, while the rate on a one-year ARM dipped ever-so-slightly to 2.62%, down .01% from a week ago.

Of the panelists polled by Bankrate.com in their weekly Mortgage Rate Trend Index, 33% believe that mortgage rates will rise in the coming week, while 66% believe that rates will remain unchanged. “Unchanged until the next international crisis or whatev,” says Bankrate.com assistant managing editor Holden Lewis.  “Lately, mortgage rates seem captive to international events, which are unpredictable.”

Memorial Day 2012 events

Memorial Day Events

Here some events that are happening this weekend that you might enjoy! Remember to always be safe and drive carefully!

Saturday May 26th

11:00 a.m.

Rolling Thunder Motorcycle Rally will visit the Navy Memorial for a wreath laying ceremony.

Sunday May 27th

12:00 p.m.

The Rolling Thunder Motorcycle Rally departs from the Pentagon and will be riding through D.C.

5:00 p.m.

A free concert will be sponsored by PBS on the West Lawn of the Capitol. The concert features actors Joe Mantegna and Gary Sinise, and other guest artists along with the National Symphony Orchestra.

Monday May 28th-Memorial Day

9:00 a.m.

The National Park Service and the Friends of the National World War II Memorial will sponsor a wreath-laying ceremony in honor of our veterans. Guest speakers will give remarks. The theme for the commemoration is “Honoring our Fallen Warriors.” Many surviving WWII veterans will be in attendance.

11:00 a.m.

A wreath-laying ceremony and concert will be held at the Tomb of the Unknown Soldier in honor of Memorial Day.

2:00p.m.

The parade of Marching Bands and Veterans units from all 50 states steps off at the corner of Constitution Avenue and 7th Streets, NW and proceeds along Constitution Avenue, past the White House, ending at 17th Street. The National Memorial Day Parade is sponsored by the World War II Veterans Committee and includes patriotic floats and helium-filled balloons.

4:00 p.m.

Women in the Military Service for America Memorial will be at the gate of the Arlington National Cemetery and will hold a ceremony that includes formal military honors, a keynote address, wreath-layings and the Memorial’s signature event, the scattering of rose petals in tribute to departed comrades.

2010 Trends In Housing of Northern Virginia



CLICK HERE TO DOWNLOAD PDF (Full Version)

source: mris.com

Northern Virginia Homes For Sale In Today’s Market

Northern Virginia Homes For Sale In Today’s Market

By: Robert Earl The Earl of Real Estate

Just because the credit market is suffering doesn’t mean you have to. You can still buy Northern Virginia luxury homes despite the decline in housing markets. Northern Virginia homes for sale are being sold at affordable prices in various counties.

While searching for an ideal Northern Virginia homes for sale you should look something which is just above your price range. Quoting a reasonable price which is slightly lower than what you had budgeted for the home will benefit you as well as the seller. There is nothing wrong in making an offer which you believe as fair. Later in you may find that your instincts were correct after all.

Typically the seller will appreciate the fast offer you made and chances are, the offer will be accepted at the suggested price. This strategy will benefit you because you will be able to stay with in your budget, and get a better house with more features then you had expected to get. As long as you have a clear picture of the things you want in your head, searching for Northern Virginia homes for sale is very simple.

There are hundreds of real estate agents throughout Northern Virginia that would be glad to help you find Northern Virginia homes for sale. There are many Northern Virginia luxury homes that are also for sale at bargain prices. Loan agents will be glad to help walk you through the purchasing process and get you pre-approved for a mortgage, at which point you can focus on finding the right home for you in Northern Virginia.

Virginia is a beautiful state with endless gifts to offer. Stunning mountain vistas and charming cities make this area truly feel like home. For this reason, more and more people are rushing to buy in Northern Virginia. However, because the market is continually fluctuating, the benefits are with the buyers. Now is the time to buy an affordable and spectacular house that you and your family will cherish.

Values of Northern Virginia houses may be temporarily falling, but will soon rise again. Wouldn’t you like to invest in an amazing house that is guaranteed to make you money down the road? A good way to determine how much your house is worth is to do a search online for housing prices in your area. This way, you will know exactly what price to offer for the home in which you are interested.

source: http://www.articlesnatch.com/Article/Northern-Virginia-Homes-For-Sale-In-Today-s-Market/210959

National Cherry Blossom Festival Events

Earlier in the week I wrote about the Cherry Blossom Festival.  Below is a list of coming signature events:

April 2: Cherry Blast: A Night of Comtemporary Art + Music

April 3: Fireworks Show

April 4: Lantern Lighting Ceremony

April 8: Gala Dinner and Cruise aboard the Odyssey

April 10: National Cherry Blossom Festival Parade

April 10: Sakura Matsuri – Japanese Street Festival

April 11: Credit Union Cherry Blossom 10-Mile Run

You can find out more about these events here or view a more exhaustive list of events here.

Virginia Housing Trends
Northern Virginia Real Estate

National Cherry Blossom Festival

This week is the 98th National Cherry Blossom Festival in Washington, D.C. which commemorates the gift of Japanese cherry trees from Yukio Ozaki, Mayor of Tokyo, on March 27, 1912.

The festival, being held between March 27 and April 11 this year, includes activities such as the Opening Ceremony on March 27, a fireworks display April 3, and a parade and Japanese street festival known as Sakura Matsuri on April 10.  Other events include a 10-mile run, arts and crafts, kite festival, and other perfomances and events.  You can check dates, times, and locations on the National Cherry Blossom Festival website.

About 700,000 tourists visit Washington D.C. annually during these weeks of celebration.

Among the interesting facts about the cherry trees are that the United States government responded with a gift of dogwood trees to the people of Japan, the festival was suspended during World War II and resumed in 1947, 3,800 more trees were accepted in 1965 by Lady Bird Johnson, Japanese horticulturists took clippings of the trees in Washington D.C. in 1981 to replace Yoshino trees in Japan that had been destroyed in a flood, and in 1999 plantings were made from clippings of a famous tree in Gifu Prefecture believed to be 1,500 years old.

Virginia Housing Trends
Northern Virginia Real Estate