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Piedmont Real Estate Blog

Blog by Julie Emery
Amissville, Virginia

An ongoing dialog on real estate news, opinion and trends in Northern Virginia and the greater Piedmont area.

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Piedmont Real Estate Blog

The Culpeper View

Nov. 17, 2008
Categorized in: Business of Real Estate

Allison Brophy has another great article  in the Culpeper Star Exponent taking a closer look at the real estate market and the state of foreclosures in Culpeper county. Culpeper's been one of the hardest hit counties in this part of Virginia.

And a timely article in Slate on why the argument that the sub prime mess is because lenders were forced to do sub prime mortgages by the government is hogwash.

There are some signs that lenders are anticipating President-Elect Obama's 90 day moratorium on foreclosures and voluntarily beginning to comply in advance. If your a seller this will be good news, at least in the short term! Prices may stabilize sooner than anyone anticipated. And, if these properties stay off the market, that stabilization may last.

While it would seem that at the end of that time you'd get a bunch of foreclosures hitting the market and driving prices down once again, I'm not sure that will be true. I suspect that during the 90 days plans will be made to permanently reduce the foreclosures to a trickle.

If you're a buyer, it means the number of great deals may be shrinking quickly. If you've been waiting for the bottom of this market, waiting any longer could get expensive.

 

Summer Price Spikes

Sep. 6, 2008
Categorized in: Buyers

Slate has a great new piece explaining why housing prices are higher in the summer.

Just the thing to make those buyers just getting ready to buy now feel good about waiting!

Nobody's Playing Outside

May. 4, 2008
Categorized in: Miscellaneous

There's an interesting article in Slate, the online magazine about the disappearing lawn. I thought this exerpt was particularly interesting.

U.S. Census Bureau data tell us that as American house sizes have grown (despite shrinking family sizes), the size of lots has actually shrunk. It is now not uncommon to see massive houses crowding to the very edge of their property line. Whatever lot is left is typically barren grass with a few random shrubs installed by landscapers (the lawn version of a bad hair-plug job). The scalped appearance of these lots is usually not accidental—developers often find it easier to cut down mature trees than to work around them.

And so then one sees it: the asymmetrical, triple-garage-fronted, architecturally confused house, towering over a lawn that's utterly stark—as if surrounding a prison so escapees can be seen—except for the assemblage of plastic junk and recreation equipment scattered here and there. Which is not being used, of course, because the entire family is inside the giant house, where the sounds of Nintendo echo off the high walls of the great room. The bright plastic begins to look like a memorial to the noble, dated idea of children playing outdoors. As historian Kenneth Jackson notes in his book Crabgrass Frontier, the shift to largely indoor living, accompanied by the much-reported decline of gardening and encouraged by everything from air conditioning (often now needed because houses seem to lack shade cover from trees) to front porches being replaced by garages, has left yards—when they even exist—curiously empty. "There are few places as desolate and lonely as a suburban street on a hot afternoon," he writes.

So true! Anyone driven around Bealeton or Remington lately?!

On a completely unrelated note, I've added a Meebo box to my blog here. If you'd like to chat with me about any of this, give it a try any time it shows me online! And, to the first person who gave it a try, I apologize for being so slow to respond! I didn't recognize the pinging sound at first!

 

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