Status Update

A job change for my husband has moved our family out of Northern VA. I am no longer actively selling real estate in VA but have placed my license in referral status.

If you need any assistance in the world of real estate, please let me know. I'll be sure to connect you with someone in the area that is knowledgeable and can help you.

JillMStoltzfoos@gmail.com

Thank you!

Lifetime of your Home's components

REALTOR's Magazine published a report on some life expectancies of your home's components.
Asphalt shingle roofs & Marble countertops should last you about 20 years, AC units should last 10-15 yrs and your Dryers and refrigerators should last about 13 years.

Read more at REALTORMag

REALTOR Magazine, Feb 2009
~Melissa Dittmann Tracey

Weekly Rates update~Preferred Mortgage

Mortgage rates continued to remain fairly flat last week, even as the recovery seemed to solidify its
footing. The Federal Reserve left interest rates unchanged, as expected. The accompanying policy
statement did note that “economic activity has continued to strengthen and that the labor market is
beginning to improve.” While the Fed believes that it will keep interest rates low for an "extended
period" of time, it is worth noting that interest rates below 1.0% can be considered low. With the Fed
Funds rate at 0.25%, the Fed could begin lifting rates at any time. GDP came in at 3.2%, the third
quarter in a row in positive territory.
Two reports will probably dominate this week’s economic news: the ISM Manufacturing Index, and
the Employment Report. If the ISM Index climbs above 60 and unemployment shrinks with more
than 200, 000 jobs created last month, we could see mortgage rates moving upward. However, even
very positive reports will continued to be tempered by international concerns over Greece’s bailout.

~Rob Clark, Preferred Mortgage

NOVA March Sales

Home sales are up in March for Northern VA
The average Sales price was $435,359 up from the average of $395,359 from one year ago.
The average for Days on Market was down to 52 days. In 2009 the average was 89.

Things are improving for us here in the NOVA/ DC area!

www.nvar.com

Bathroom updates for less

Need some sprucing up for your bathroom?
Some great tips can be found at Realtor.com

Tax credits to expire soon!

A ratified contract is needed by April 30th, 2010 to qualify you for the tax credits if you qualify. To review the tax credits, visit
Realtor.org

NVAR: new lead based paint rules to come

New Lead Based Paint rules to come into effect in late April, 2010.
See update at Lead Paint Renovation Rule from NVAR's website.