Real Estate News for Burke, VA - Thursday October 29th, 2009 7:26pm
Senate panel OKs extension for home buyers' credit

WASHINGTON — Oct. 29, 2009 — Senators reached a compromise to extend the $8,000 tax credit for first-time home buyers, a boost the housing industry expects will help it pull out of its two-year-old downturn.
Lawmakers in Washington also added a $6,500 tax credit for other primary-home purchasers and raised the qualifying income limits to $125,000 for single taxpayers and $225,000 for joint taxpayers, housing-industry sources said.
Under the Senate compromise, buyers must have sales agreements in hand by April 30, but they will have until June 30 to go to settlement, the sources said. The measure still faces votes in the full Senate and the House.

Real Estate News for Burke, VA - Thursday October 22nd, 2009 5:30pm
Considering buying a home in Burke VA. First time home buyer? Fact: our unemployment rate = 6.7 % is much lower than the nation average = 9.8 %, interest rates are at historic lows, buy cheap now, invest in your future

Real Estate News for Burke, VA - Thursday October 15th, 2009 5:55pm
Local real estate up-date for Fairfax County September 2009 / Burke

http://www.mris.com/reports/marketupdate/Fairfax%20County.pdf

Pending Sales up 22.2 %
Median Sales Price up 13.2 %
List Price vs. Sales Price = 96.9 %
Average Days on Market = 59 days = down 37.8 %