This is the best time to buy over the past 10 years, especially in Loudoun County, Ashburn specifically. House prices are down to 2002-2003 levels, interest rates are in the high 4%'s and sellers have realized if they want to sell, they have to price their homes accordingly.
If the media only understood that Real Estate Markets are Local, not National, then they would be saying Northern Virginia is faring much better than most areas of our country. Our unemployment rate is lower than most, our new job creation is much greater than, thanks to our Federal Government, Contractors, and several Corporations are moving their headquarters into NoVA, out of other areas of our Country.
If all of those facts made the local news, buyers would not be sitting on the fence, but in fact purchasing homes.
So, bring me the buyers, I am ready, optimistic and very enthusiastic about 2009! And also, a very qualified Realtor!
It is an incredible time for First Time Buyers to finally enter the Real Estate Market, but only if they are going to stay in their home for 4 or more years!
Sincerely, Kyle Davis, REMAX Select Properties, Inc.