Real Estate News About Woodbridge Virginia and Surrounding Communities: Woodbridge Homes For Sale Plus The Seven Facts You Need To Know About The Virginia Real Estate Market

Woodbridge VA Homes For Sale Are Good Value In Virginia Real Estate Experts Say

Seven Facts About Real Estate In Woodbridge Virginia

1. Virginia Outperforms The Nation
The Commonwealth of Virginia is in better shape than the nation as a whole.  Sales are up, mortgage bankers are taking oodles of home loan applications, home ownership is high compared to the rest of the nation, and we have fewer foreclosures.  -- Source: Virginia Homewoners Alliance

2. The Commonwealth's Overall Economy Is Healthy And Growing
Since January 2008, more than 200 companies have announced plans to open facilities in Virginia that will create 15,770 new jobs, and invest more than $2.19 million in the Commonwealth in 2009.  These new jobs are in addition to almost 19,000 new jobs that were created in 2008.  -- Source: Virginia Economic Development Partnership

3. Virginia Real Estate Markets Have Seen Fewer Foreclosures Than Most Of The United States.
The Mortgage Bankers Association reports that the national foreclosure rate is far lower than most folks imagine.  Just 2.75% of all US homes are near, or in foreclosure.  Meanwhile, only 1.46% of Virginia homes are near or in foreclosure.  Experts attribute Virginia's lower foreclosure rate to the Commonwealth's vigorous, good-paying job market.  -- Source: Mortgage Bankers Association

4. Virginia Closing Costs Are Lower
Virginia ranks 16th in the nation when it comes to closing costs, an average of $3,007.  The highest are in New York at more than $4,000, and the lowest is South Carolina at $2,650.  -- Source: BankRate.com Aug 7, 2008

5. Demand For Homes Is Rising Rapidly
More savvy buyers are taking advantage of the current market conditions and grabbing great home values. In the 3rd quarter of 2008, mortgage applications climbed, and across the Commonwealth, the "Active" inventory homes for sale has steadily declined month after month since January, 2008.  -- Source: The Virginia Association Of Realtors Database

6. The Future Looks Bright
The credit market is firmly in recovery, thanks to swift action by the Bush Economic Team and Congress to rescue the credit markets from speculative, risky derivitives.  -- Source: Fammie Mae

7. All Real Estate Is Local
Home values are, in fact, less affected by the national economy, and more supported by state and local government economic policies that make Virginia a better place for good companies to do business.  Folks as a whole tend to gripe about politics and politicians, but Virginia is fortunate to have hard-working legislators who live and work among us in our communities.  We owe our delegates and senators a big pat on the back for crafting legislation that makes Virginia a great place for companies to do business, especially companies that employ skilled, educated experts, doing high-paying jobs.  -- Virginia Homewoners Alliance

Forget national trends... pay no mind to statistics that lump prosperous Virginia with real estate disaster zones like Las Vegas, Miami, Phoenix, and southern California.

All real estate is local.

Las Vegas may be in the toilet, and Miami may be going down the drain, but Virginia is rolling along quite niceley.

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Erick Blackwelder or Peggy James of Erick and Company - Exit 1st Choice Realty, Woodbridge VA. Realtors®, call 703-590-2252  list your property for sale or to  purchase a property in Lake Ridge, Westridge, Old Bridge Estates, River Falls, Middle County, Cannon Bluff, Meadowbrook Woods, Blooms Crossing, Manassas Park, Beaver Creek, Hunter's Ridge, Brittany,  Manassas, Montclair, Dumfries, Occoquan, Dale City, Nokesville, or anywhere in Prince William County.

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