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Teresa Jones

$8,000 Tax Credit Can Be Used as a Down Payment

05-17-09
Teresa Jones

The Federal Housing Administration, which provides mortgage insurance and loans made by FHA-approved lenders, will allow its lenders to let first-time homebuyers use the recently enacted $8,000 tax credit as a down payment. Previously, most buyers would not receive the funds until after they filed their tax return.

Look for details in the coming weeks from the U.S. Department of Housing and Urban Development (HUD) & the Federal Housing Administration (FHA).

Provided by:
Teresa Jones
teresa.jones@prudentialcarruthers.com
Prudential Carruthers REALTORS
400 N. Washington Street | Alexandria, VA 22314
202.510.3833 (Direct) | 703.836.1464 (Office)
703.836.5864 (Fax) | 800.799.1464 (Toll free)
http://teresa.jones.pcragent.com/

INTEGRITY * SERVICE * RESULTS

To get started on finding your dream home, call or email me today!

For the Record I

05-17-09
Teresa Jones

In Northern Virginia, including Loudoun and Prince William counties, for the week ending Thursday, May 7, 2009, the total inventory of foreclosures and bank-owned properties dropped another 16% compared to the previous week - from 269 to 227. This was the 18th consecutive week showing a decrease in the inventory of these types of properties.

In addition, the total inventory of fixer-uppers dropped another 3% - from 182 to 177, also the 18th consecutive week showing a decrease in the inventory of these properties.

In the last 30 days, the number of available foreclosures has dropped 43%, and the number of available fixer-uppers has dropped 25%.

Provided by:
Teresa Jones
teresa.jones@prudentialcarruthers.com
Prudential Carruthers REALTORS
400 N. Washington Street | Alexandria, VA 22314
202.510.3833 (Direct) | 703.836.1464 (Office)
703.836.5864 (Fax) | 800.799.1464 (Toll free)
http://teresa.jones.pcragent.com/

INTEGRITY * SERVICE * RESULTS

To get started on finding your dream home, call or email me today!

Georgetown's French Market!

04-24-09
Teresa Jones

Enjoy up to 70% off antiques, home decor, and other goodies at Georgetown's 6th Annual Open Air French Market!

Date: Friday, April 24th 2009 - Saturday, April 25th 2009
Time: 11:00 AM to 6:00 PM

Provided by:
Teresa Jones
teresa.jones@prudentialcarruthers.com
Prudential Carruthers REALTORS
400 N. Washington Street | Alexandria, VA 22314
202.510.3833 (Direct) | 703.836.1464 (Office)
703.836.5864 (Fax) | 800.799.1464 (Toll free)
http://teresa.jones.pcragent.com/

INTEGRITY * SERVICE * RESULTS

To get started on finding your dream home, call or email me today!

For the Record

04-20-09
Teresa Jones

In Northern Virginia, including Loudoun and Prince William counties, for the week ending Thursday, April 16, 2009, the total inventory of foreclosures and bank-owned properties dropped 8% compared to the previous week - from 360 to 329. This was the 15th consecutive week showing a decrease in the inventory of these types of properties.

In addition, the total inventory of fixer-uppers dropped 6% - from 231 to 216, also the 15th consecutive week showing a decrease in the inventory of these properties.

Provided by:
Teresa Jones
teresa.jones@prudentialcarruthers.com
Prudential Carruthers REALTORS
400 N. Washington Street | Alexandria, VA 22314
202.510.3833 (Direct) | 703.836.1464 (Office)
703.836.5864 (Fax) | 800.799.1464 (Toll free)
http://teresa.jones.pcragent.com/

INTEGRITY * SERVICE * RESULTS

To get started on finding your dream home, call or email me today!

Homeowners Net Worth Significantly Greater Than Renters

04-19-09
Teresa Jones

Once every three years, the Federal Reserve's Survey of Consumer Finances, conducts a survey and provides a snapshots of family income and net worth. From that data, the National Association of Realtors® estimated the impact for renter and homeowner households through the calendar year 2008. The result, shown below, suggests that despite declines in equity and housing markets, homeowners still have a net worth greater than renters in 2008. Homeownership builds wealth in two ways by paying down a mortgage and through appreciation; the rise in the home's value over time.

Source: National Association of Realtors® & Federal Reserve

Provided by:
Teresa Jones
teresa.jones@prudentialcarruthers.com
Prudential Carruthers REALTORS
400 N. Washington Street | Alexandria, VA 22314
202.510.3833 (Direct) | 703.836.1464 (Office)
703.836.5864 (Fax) | 800.799.1464 (Toll free)
http://teresa.jones.pcragent.com/

INTEGRITY * SERVICE * RESULTS

To get started on finding your dream home, call or email me today!