Wall Street Journal (WSJ) Takes Time Magazine To The Woodshed
WSJ Makes Claim That Home Ownership Is A Good Thing
Especially Right Now When Home Prices Around Woodbridge VA Are Stable
Click the link to the WSJ report at the end of this short post.
We reached the bottom of the market in 2008, and real estate sales have been strong and rising in Prince William County.
This reminds me of two lessons my dear old mentor, Dallas Wood, taught me about rising and falling markets.
Dallas said we know when the market has peaked and ready to crash, when the media publishes glowing stories about rising home values making ordinary people wealthy. He said it was time to cut staff, trim expenses when the media declared, "This market is going up, up, up into the stratosphere"; the market was already tanking.
I asked Dallas, "How will we know when we've reached the bottom of the market?" He said watch and listen for media pundits to declare the market is in a "free-fall". The words "free-fall" is a clear indicator that the bottom of the market happened 6-12 months prior.
Most important, remember that all real estate is local.
Virginia had a boom and bust; Arizona, California, Nevada, and Florida had an explosion followed by an entire collapse; my home town, San Antonio Texas, poked along at a steady gain in market values at 1.8%-2% per year, 2000 - 2010.
CLICK HERE to read the WSJ report.
You can text or call Erick's cell for more: 703-677-1120, or send an email now by email Click Here Contact Peggy James or Erick Blackwelder of Erick and Company - Exit 1st Choice Realty,14029 Crossing Place, Woodbridge VA. 22192. Realtors®, call 703-851-3085 (Peggy) or 703-590-2252 (Office) to list your property for sale or to purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Manassas, Montclair, Dumfries, Occoquan, Dale City, Gainesville area's
Call or text Erick Blackwelder right now for help finding a home, or help selling your house.
Don't worry... Erick doesn't bite, and you won't get a sales pitch. Text or call Erick now at 703-677-1120 for a FREE consultation.
CLICK HERE NOW to search the Multiple Listing Service (MLS) for homes for sale in and around Woodbridge, Lorton, and Mount Vernon.
Exit Realty Associates
8998C Lorton Station Blvd
Lorton, VA 22079
Equal Housing Opportunity
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