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Piedmont Real Estate Blog

Bigger Houses Still the Rule

Aug. 27, 2012
Categorized in: Buyers

Marketplace's Planet Money has an interesting graph showing that houses being built now are still surprisingly large. 

While it's true that you've been seeing articles saying home sizes are shrinking. And, that's true compared to, say 10 years ago. But if you look back, even to the 90s we're still living in enormous homes. 

My hunch is that the size keeps shrinking.

What's your hunch?

Why Sellers Won't Sell

Mar. 1, 2011
Categorized in: Sellers

How people think about real estate, economics and what's going on in their own personal financial situation has a lot more to do with the current state of our economy than most of us realize.

This story from the Planet Money team illustrates that nicely. Sellers can't bear to lower the price, often even if they still get a very nice profit.

Are you holding on? What for?

Why Prices Aren't Going Up

Feb. 23, 2011
Categorized in: Local Market Conditions

The actual title of this piece by the Planet Money team is "4 Reasons Home Prices Are Likely to Keep Falling". But early in the article they tell you that this area is one of the few where prices are not falling.

These reasons are all valid, however, even here. And they are all a part of the reasons home prices have stabilized here but are unlikely to rise much in the forseeable future.

The four reasons they site, in a nut shell are:

  • Glut of homes on the market.
  • Too many foreclosures and short sales.
  • Rising interest rates.
  • Reduced government support for mortgage market.

Tomorrow, I'll talk about the 5th reason we're about to see prices not rise (if we're lucky) and sales are likely to slow in our area.

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. Julie is an Associate Broker at Frankly Real Estate Inc, 6304 Crossroads Circle, Ste 102, Falls Church, VA 22044

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