About South Riding's West Riding

Read Below for some great thoughts for 2011!! Hopefully we will see another great year of recovery and growth in the new year.

5 Housing and Mortgage Predictions for 2011

Freddie Mac analysts point to five features that they believe will likely characterize the 2011 housing and mortgage markets:

1. Low mortgage rates. With Fed observers expecting the central bank to keep the federal funds rate at its current target range of 0 percent to 0.25 percent for most (or all) of 2011, relatively low mortgage rates will be a feature of the 2011 mortgage market. Thirty-year fixed-rate loans are likely to remain below 5 percent throughout the year, and initial rates of 5/1 hybrid adjustable-rate mortgages will likely remain below 4 percent in 2011.

2. Prices have hit bottom. House prices are likely to begin a gradual, but sustained recovery in the second half of 2011.

3. Housing will remain affordable. With affordability high, many first-time buyers will be attracted to the housing market in the New Year, likely translating into more home sales in 2011 than in 2010.

4. Refinances will dwindle. Many eligible borrowers have already refinanced and the federal Making Home Affordable refinance program is expiring on June 30. While fixed-rate loans are likely to remain low, they will move up gradually, making it even less likely that refinances will be attractive to most home owners.

5. Delinquency rates will decline. Based on the last several business cycles, the share of loans that are 90 or more days delinquent or in foreclosure proceedings - known as the "seriously delinquent rate" - generally crests within a year of the start of the recovery in payroll employment, and this economic recovery appears to fit within that pattern. Payrolls began to rise last January, and by the spring the seriously delinquent rate had begun to fall.

Source: Freddie Mac (12/09/2010)

Donny and Meredith Samson
Samson Properties Associate Broker NVAR Top Producer Direct 703-864-4894 4 1/2% Full Service Listings http://www.dmsamson.com/

New Single Family Homes for Sale in South Riding. West Riding by Ryan Homes Photo Tour

Looking for a single family home in South Riding starting under $500k? Check out this beautiful home tour of a Ryan Homes' model in West Riding.

This particular 3 level property features, 4 large bedrooms up, an open loft big enough to use as an office, and 2 full baths along with a conveniently located washer and dryer just outside the master.

The kitchen family room combination is HUGE as you can see in the pictures. This model has the optional sun room.

Our clients who bought earlier this year chose this option and it truly makes the back portion of the house amazingly bright, open and airy.

We would highly recommend this option on all new builds that offer it for 2 reasons: It makes living in the space SO much nicer AND it will help you sell in the future.

If multiple homes are on the market that are the same model when you attempt to sell down the road....and you have the sun room and the others do not, which one will sell first?

As of this date Ryan at West Riding is offering a free finished basement or $8,000 towards the buyer's closing costs. All builder incentives change frequently so give us a call to see what the latest offers are.

If you are planning on buying new construction, have a knowledgeable real estate agent help you.

It costs you nothing and can reduce your monetary outflow and your stress level. New home contracts are routinely 50-60 pages long and they are binding legal documents.

The builder's representatives are great, but they work for the builder. Your buyer's agent is responsible to you.

Jan and I would be delighted to help you find a new place to live whether it is new construction or not. Please drop us an email or give us a call if we can be of service.

West Riding is convenient to Route 50, 28 and I-66, and the Dulles Access Road.
Amenities include a 7,000 sq ft Community Center with 8-lane swimming pool. Additionally, there are three other pools to choose from, three tennis courts, miles of walking and fitness trails, an 18- hole championship golf course, 13 Parks, tot lots, schools, and more!

Shopping and dining is easy with an in community Town Center and Market Square. One of Loudoun County's most sought after new home communities!

* Located in South Riding
* 2 car garage
* 3 finished levels
* Up to 5 bedrooms
* Up to 3 1/2 baths
* Special included features: Hardwood foyer, Ceramic in Owner’s bath, Luxury bath, 9’ ceilings on 1st floor
* Custom Options include: Finished basement, Morning Room, Fireplace