News for Fredericksburg, VA - Tuesday September 22nd, 2009 4:45pm
The Real Estate Market in the Fredericksburg Region continues to improve as we enter Fall of 2009. Prices have stabilized and are, in fact, increasing in the "under $250,000" range as competition heats up and attractive listings draw multiple offers. Another factor driving this activity is that the $8000 tax credit expires on November 30th so buyers are trying to find the right home and deal quickly to make sure that they can settle on the transaction prior to the expiration date. There are still great bargains to be had, particularly in the over $300,000 ranges as many homes at the higher price points have languished on the market for a year or more and conventional financing has been difficult to procure. Interest rates continue to be extremely low offering the potential for buyers to get both a great price and a very low monthly payment. Opportunities like this haven't been seen since the 1950s and early 60s.

News for Fredericksburg, VA - Thursday July 9th, 2009 9:59am
The Real Estate Market in the Fredericksburg Region continues to improve as we reach mid-July. Prices have stabilized and are, in fact, increasing in the "under $200,000" range as competition heats up and attractive listings draw multiple offers. Another factor driving this activity is that the $8000 tax credit expires on November 30th so buyers are trying to find the right home and deal quickly to make sure that they can settle on the transaction prior to the expiration date.

News for Fredericksburg, VA - Thursday June 18th, 2009 6:56am
As we approach summer of 2009 the Real Estate Market in Fredericksburg has really come to life! While sales of higher-priced homes are still slower than normal, sales of homes under $250,000 that are priced well and in good condition are really moving quickly. It's likely that the market actually bottomed out in January and has been in recovery mode since then. The next few months will tell the story on that.