Did You Know?

As the world matures, the less significant we become in terms of a number yet, the more connected and necessary we are to one another (if you can’t see the video below, click here)…

P.S. If you can name the song and artist, your next drink is on me.

An RE.net Legend, Awesome Guy and Friend Needs Our Help

Though it’s sunny outside right now, a black cloud looms overhead… Joe Ferrara, a pioneer of the RE.net and social media, co-founder of the Sellsius Real Estate blog (one of the best blogs ever) and one of the first people to come to my aid during the Loudoun County Assessor situation a few years ago needs our help.

Joe was recently diagnosed with a malignant brain tumor. And from what I understand, a very aggressive one.

Joe is currently in I.C.U. at New York Hospital. His medical expenses are already through the roof and climbing. Joe and his wife are not in the same tax bracket as Warren Buffet so they need our help (even though they didn’t want to accept it at first).

If you are able to donate - even a few bucks - you can do so at http://www.joe-ferrara.com (thank you to Jay Thompson for setting up the site and the PayPal account for donations).

Joe has always been there for everyone and anyone so let’s do whatever we can to help Joe and his family now in their time of need.

Update on Camberley Homes, Boulevard at Brambleton

Here’s the latest on Camberley Home’s, Boulevard at Brambleton community in Brambleton, VA…

• They should start selling town homes this summer, probably in the beginning of July
• Base prices should start somewhere in the mid $300’s (prices and options are not set in stone)
• Construction should start sometime in November depending on how quickly Loudoun County approves permits, etc
• Delivery of the first town homes should be March/April 2011 if construction begins in November as planned (and the winter isn’t as brutal as it was last year)

If you would like more information about Camberley Homes and their Boulevard at Brambleton community, feel free to drop me a line - danilo.bogdanovic (at) gmail (dot) com - 703.582.6900 (cell).

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Camberley Homes is Bringing “Urban” Style Town Homes to Brambleton

Loudoun County Housing Inventory Cause for Caution

After a year of steadily diminishing housing inventory throughout Loudoun County, inventory has spiked over the last 2 months. After dropping almost 30 percent from the beginning of May 2009 to the middle of April 2010, inventory has spiked up almost 10 percent in a matter of a few weeks…

More Loudoun County housing inventory statistics…

• The number of new listings coming on the market in March 2010 was 50 percent higher than in March 2009 (1092 versus 727)
• The number of new listings coming on the market in April 2010 was 32 percent higher than in April 2009 (994 versus 752).

The increase in new listings and overall inventory may be a very welcome thing if you ask buyers. Most buyers can’t seem to find a home that meets their needs or they’re competing against multiple offers every time they do.

But if you’re a seller, that’s a different story. More homes on the market means more competition, lower selling prices and increased days on market.

Loudoun County housing inventory and the rate of new listings coming on the market is something we all need to keep our eyes on because if inventory continues to go up AND interest rates go up this summer as everyone is saying they will, the market will soften.