McLean Real Estate News
Real Estate news for McLean, VA continually updated from thousands of sources.
Wednesday Jan 21 | via Bloomberg
New residential construction in the U.S. rose more than forecast in December, capping the best year since 2007 and signaling the industry will probably keep expanding this year. Housing starts increased 4.4 percent to a 1.09 annual rate, following the prior month's 1.04 million pace that was higher than previously estimated, a Commerce Department report showed Wednesday in Washington. Comment?
Tuesday Jan 20 | via UnionLeader.com
While the National Association of Home Builders/Wells Fargo builder sentiment gauge fell to 57 this month from 58 in December, readings greater than 50 mean more respondents report good market... Following a brainstorming session during which some members offered to dip into their own pockets, the Belknap Mill Society in February will formally vote ... (more) Comment?
Tuesday Jan 20 | via Bloomberg
Confidence among U.S. homebuilders hovered in January close to a nine-year high, indicating the residential real estate market is poised to expand this year. While the National Association of Home Builders/Wells Fargo builder sentiment gauge fell to 57 this month from 58 in December, readings greater than 50 mean more respondents report good market conditions, according to figures issued from the Washington-based group Tuesday. Comment?
Thursday Jan 15 | via National Mortgage News
Mortgage rates fell for a second week, holding at the lowest level in more than a year and a half, as declining financing costs boost loan demand. The average rate for a 30-year fixed mortgage fell to 3.66% from 3.73% last week , Freddie Mac said in a statement today. Comment?
Tuesday Jan 13 | via Patch.com
Bruce L. Green, regional vice president of Weichert, Realtors, announced Sales Associate Barbara Bubel of the McLean/Dolley Madison office was individually recognized for her exceptional industry success during the month of December. A top producer, Bubel led the region, which is comprised of offices throughout Fairfax, Loudoun, Fauquier and Delaware counties, for new home dollar volume. Comment?
Wednesday Jan 28 | via The Virginian-Pilot
A New York man was sentenced Wednesday to more than 14 years in prison on charges he helped orchestrate an elaborate ID theft ring that involved multiple burglaries of mortgage offices. Jeffrey "Lef" Washington, 30, pleaded guilty last year to one count each of conspiracy to commit bank fraud and aggravated identity theft. Comment?
Tuesday Jan 27 | via Hampton Roads Daily Press
Realtors sold 22,968 homes during the fourth quarter of 2014, according to a recent report released by the Virginia Association of Realtors . That's a 2.3 percent increase over the 22,458 residential units sold during the fourth quarter of 2013. Comment?
Tuesday Jan 27 | via Hampton Roads Daily Press
It took less than five minutes for a House of Delegates committee to kill a bill to shut down a kind of high interest rate loan that keeps piling on debt even when borrowers make their basic monthly payments. "The first time I tried, I couldn't even get a motion. Comment?
Thursday Jan 15 | via Business Journal
Northern Virginia's housing market followed a national pickup in activity in December, with sales up 10.6 percent from a year ago. The Northern Virginia Association of Realtors says prices were also up from a year ago, with the average home sale price in December of $572,712, up 3.25 percent. Comment?
Thursday Jan 15 | via JD Supra
In Virginia, class action lawsuits are not permitted in state court.  This limitation, however, does not mean that companies doing business in Virginia are not defending class action lawsuits in Virginia. Comment?
10 min ago | via The New Zealand Herald
Banks are tipped to drop interest rates to new lows as competition to attract house hunters and homeowners escalates into an all-out mortgage war. Property experts predict rates could drop to less than 5 per cent as banks fight for the lion's share of the $180 billion we've borrowed to buy homes. Comment?
46 min ago | via The New Zealand Herald
Dawson Donaldson plans to pimp up his property after winning $10,000 thanks to ASB Bank and the Herald on Sunday . The 55-year-old, from West Harbour, Auckland, will use the windfall to renovate his bathroom and replace flooring and tiles elsewhere at his house, which he shares with two flatmates. Comment?
52 min ago | via Alabama Live
Enjoy the WiRE compliments of the ACRE Corporate Cabinet. Click link in article to see the corporations that are building Alabama's real estate multimedia network. Comment?
1 hr ago | via Blown Mortgage Blog
If your loan officer were to offer you a no closing cost mortgage in order to refinance your mortgage, would you think it was a scam? It does sound too good to be true, but there is such as a thing. Despite its name "no closing cost," you are going to be paying those closing costs, just in a different way. Comment?
1 hr ago | via USA Today
Typical net worth by age: Where do you stand? Knowing your net worth can -- in fact -- be important, but in a limited scope. Check out this story on USATODAY.com: http://usat.ly/1CLaC9L Ask most people what their net worth is and they probably don't know. Comment?
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