Buying or Selling Real Estate in Alexandria VA? Contact Tamara Inzunza, Associate Broker of McEnearney Associates, Inc. Realtors to list and sell your home, or purchase a new home. I specialize in Old Town Alexandria, Del Ray, Kingstowne, and Manchester Lakes.
Call me at 703-549-9292 x228 or 703-623-8759. Visit my website and Search All Homes For Sale with no registration required at www.MovingToNova.com.
Copyright © 2008 By Tamara Inzunza, All Rights Reserved.
No matter what the latest "Breaking News" headline is, getting the real estate market back on track is priority #1 for the entire United States.
Until recently, many people just didn't grasp how much the real estate industry impacts the economy. When people buy houses, jobs are generated, good and services are bought and sold, and there is a trickle down effect of employment and stability.
Buying and selling real estate is not just about agents and loan officers. When consumers buy houses:
When consumers buy and sell real estate, the result is like pumping blood though the veins of the economy. When it stops, it creates blockages that make for an unhealthy economy.
Right now, buyers represent not just a bandaid acting as a quick fix, but together with lower interest rates and more affordable house prices, today's homebuyer is the real shot in the arm that the economy needs now.
*Just Sold*
16046 Barn Swallow Place
More affordable home prices are making it easier for buyers to enter the market. Those renters who were priced out of the market a couple of years ago are now able to buy beautiful homes in established communities.
Does the recent news about the government takeover of Freddie Mac and Fannie Mae have you scratching your head? Before the news was news, Lawrence Yun, chief economist of the National Association of Realtors wrote a brief article explaining the current housing situation and what could happen. Talk about forecasting...
Why are the companies' share prices falling? Investors fear they will collapse because of rising mortgage defaults driven by home price declines.
What are the default rates on loans held by the companies? For Fannie, 1.22% for single-family loans delinquent 90 days or more, up from .62%; for Freddie, .81%, up from .49%. The figures are for April and were reported in The Wall Street Journal.
What happens if they collapse? Mortgage rates will rise much higher.
What happens if home prices fall much further than anticipated and the newly raised capital runs out or stock prices fall to zero? The federal government will take over the companies (without a doubt) and assume the mortgage debt default risk.
Yun hit the nail right on the head because the government is now in charge. But what does it all mean? Here's a snapshot:
Over the weekend, both Freddie Mac and Fannie Mae have been placed into a government conservatorship that will be run by the recently created Federal Housing Finance Agency.
· This was a necessary move to prevent the collapse of Freddie Mac and Fannie Mae which would have been more damaging to both US and global financial markets.
· It is expected that this move will bring stability to the housing market by increasing the available funds for lending, thereby lowering interest rates. It is also expected to spur buyer activity which will begin the process of reversing the downward trend in property values.
· Although there is no indication when the conservatorship will end, this move is viewed as a short-term take over intended to increase confidence and lower uncertainty in the housing market.
· This takeover has been strongly endorsed by Federal Reserve Chairman Ben Bernanke, "These necessary steps will help to strengthen the U.S. housing market and promote stability in our financial markets."
· It is not clear how, if at all, this will affect Fannie Mae's and Freddie Mac's lending guidelines. Their lending guidelines will continue to depend on how much risk they are willing to accept.
· For now, this appears to be a good thing for the housing market but the full impact on the economy and the ripple effects this will have to taxpayers and Fannie Mae/Freddie Mac investors remains to be seen.
The fall brings out the best in music, art, and performances from around the area. Check out these terrific events for some September fun:
Mount Vernon's 18th Century Craft Fair - Sept 13-14, 9 a.m. - 5 p.m., MountVernon.org. The fair is a re-creation of an early American marketplace with artist demonstrations, family entertainment, and 18th century amusement.
Rosslyn Jazz Festival - Sept 6, 12:30-7 p.m., RosslynVa.org, Enjoy a day of jazz concerts in Rosslyn, VA.
DC Shorts Film Festival - Sept 11-18, various locations, DCShorts.com. During the week, 102 films will be screened and 6 screenplays will be read in 9 rotating showcases.
Prelude 2008 - Arts Across America, Weekends, Aug 23-Oct 19, Kennedy Center, Kennedy-Center.org. This annual event brings together talents from every region of our nation, from American masters and bearers of tradition to young innovators developing their craft.
Bethesda Art Walk - Sept 12, Bethesda.org. Free guided tours of 11 art galleries that feature painting, sculpture, photography, pottery, jewelry, and mixed media.
See You There!
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Alexandria VA real estate buyer agent and listing agent. Helping distressed homeowners with short sales. Specializing in the areas of Old Town, Del Ray, Kingstowne, Manchester Lakes.
After consulting and software/database programming, I decided to pursue my real estate career full-time...and never looked back! While there are days that I sincerely miss programming, it can never take the place of the satisfaction I feel when I help a family find their new home. I have always had a fascination with houses. Before I was licensed, I would often spend my spare time visiting model homes in the area and going to home-buying seminars. My education and previous experience as a consultant is the foundation for my success as a Realtor. My business degree laid the groundwork for real estate. I have extensive knowledge and training in Economics, Accounting, Computer Technology, Marketing, Finance, and Management. Transitioning from corporate/government consulting to real estate consultant was very smooth. I have always been in a ‘people' atmosphere, and my technical skills help me when I work with both buyers and sellers! For over eleven years, I have helped many families in Northern Virginia buy and sell homes. Locally, I have helped renters become first-time homebuyers, and then move-up buyers. And I have helped sellers with their cross-country moves when the time came for them to leave the area. My past clients continuously reward me with referrals of friends, neighbors, family members, and other co-workers. That is the greatest compliment that I can receive. Designations & Affiliations: NVAR Education Advisory Committee Member RE/MAX Platinum Club 2004, 2005 RE/MAX 100% Club 2002, 2003, 2006, 2007 Associate Broker Accredited Buyer Representative Graduate, Realtor Institute Certified Residential Specialist Certified New Home Sales Professional e-Pro Licensed in Virginia and Washington DC
For the past twelve years, I've been helping first-time buyers move up from renter to proud homeowner. I've also helped many military families with relocation and take advantage of the military benefits such as the VA loan, with ZERO money down. As a Certified Relocation Specialist, I also help government and corporate transferees make a smooth transition to the area. My clients are also moving up as a result of different life stages, and when they need help selling a current home and buying another, I'm able to offer a high-impact marketing strategy that showcases their home on multiple websites to a wide audience of buyers.
When it comes to listings and homes for sale in Alexandria VA, my areas of expertise includes condos, townhomes, and single-family homes in Old Town (22314), Del Ray (22301 and 22305), Kingstowne (22315), Manchester Lakes (22310), Greater Mount Vernon (22306, 22307, 22308, 22309), and the nearby surrounding areas.
Here's what some of my past clients had to say...
I look forward to her unchallenging commitment.
I look forward to her unchallenging commitment in our quest to purchase another home and am confident that she will be there every step of the way with the kind of professionalism we have come to expect from her.
K. and G. Pollard, Woodbridge
I was made to feel important during the entire process.
" I would like to take this opportunity to thank you and tell you how pleased I was with the great service you provided. Starting with our first contact through closing, I was given expert advice, information, suggestions, and constant support.
You understood exactly what I was looking for in my first home purchase and with this understanding; you worked hard to find a house which met all my needs and desires. It was a pleasure working with you and I look forward to working with you in the future. Because of the great service and professionalism you exhibited, I will not hesitate to recommend you to my friends and co-workers looking for a truly professional real estate agent."
C. Nunley, Lorton
We would definitely recommend you to anyone who is looking to buy or sell in Northern Virginia.
We would like to extend a warm and heart-felt thank you for all of the hard work you did for us. It's amazing when I look back at the timeline, how quickly everything happened. We met for the first time around mid-July, you put my condo up for sale and got a contract around mid-August, then you found us the exact type of house we wanted and we settled mid-September! That's amazing! And thank you so much for the beautiful pictures on CD of our home!
K. and Z. Walker, Alexandria
Thanks for all your help!
It was a pleasure to work with you again. As usual, your professionalism, compassion, and enjoyment in your work, makes your clients feel at ease.
J. Fisher, Woodbridge (Repeat Client)
We can't thank you enough for all that you've done!
Thank you very much for your thoughtful and generous house warming gift. You have been an integral part of our homebuying experience from start to finish, and we can't thank you enough for all that you've done!
L. and T. Hynson, Woodbridge
Your professionalism was super!
I always knew what was going on because you supplied complete lists of what to expect. Your estimate of my proceeds was accurate and you handled all problems with a wonderful calm. I will definitely recommend you to everyone.
C. Rodriguez, Dumfries
I look forward to helping you 'Make That Move'!
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