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Single family sales up at number one selling Montgomery County community! September 10, 2009

Posted by CraftmarkHomes in Community News.
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Community Pool at Clarksburg Village

Community Pool at Clarksburg Village

In 2008 new home sales at Clarksburg Village, the number one selling community in Montgomery County, were largely of townhomes. In 2009 a significant number of Craftmark single family homes have joined the mix of sales, attesting to overall recovery of the housing market taking place.

With people now able to sell their current homes, they have been able to move up to new single family homes at Clarksburg Village. This positive development is reflected in a strong double digit percentage sales increase at Clarksburg Village this year. 

Please visit http://www.craftmarkhomes.com/community.php?id=12&page=1 to check out Montgomery County’s number one selling community!

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There’s no better time to buy a new home September 3, 2009

Posted by CraftmarkHomes in Real Estate Advice.
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Should I buy a house now or wait until later? This has always been a common question among first-time home buyers. It’s up to you, the home buyer, to decide when to buy.

Five Good Reasons for Buying Now:

1. In May 2009, housing starts rose by 17% over April. This surprised many economists, who were not expecting such an increase. This rise in housing starts (new construction) indicates rising confidence within the building industry. This kind of trend usually coincides with housing recovery in general.

2. Many economists are saying that the housing market has reached bottom. This means that buyers can get into a home at “rock bottom” prices.

3. Mortgage rates have been at record lows for several months now, but they are starting to rise. During the week of June 8, 2009, the average rates on a 30-year fixed mortgage reached their highest point in seven months. Economists expect rates to exceed 6% by the end of this year (they were around 5.3% at the time of this article). Rising rates are another good reason to buy now instead of later.

4. “First-time” home buyers who have not owned a home in the last three years can still qualify for a tax credit on their purchase, up to $8,000. Currently, this program is set to expire in December 2009. So it’s yet another reason to buy a house now, rather than later.

5. Prices are still relatively low in most cities across the United States, but this will soon change. The positive signs mentioned above will bring more buyers into the market. This will eliminate any surplus of homes for sale, which will drive prices upward once again.

Here’s what it all boils down to. Only you can decide if now is a good time to buy a house. But there are plenty of good reasons to buy a home sooner, rather than later. So give it some serious consideration!

Article Source: http://EzineArticles.com/?expert=Brandon_Cornett

More Northern Virginia Homes are Selling and They’re Selling Much Quicker August 26, 2009

Posted by CraftmarkHomes in Real Estate in the News.
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The Northern Virginia Association of REALTORS reports that a total of 2,053 Northern Virginia homes sold in July 2009, a 10.55 percent increase above July 2008 home sales.

Not only are more homes selling, but they are selling much faster.  The average days on market for homes in July 2009 was 62, compared to 91 days in July 2008.  Existing homes are selling in 2/3 the time.

This is fantastic news if you’re in the market to buy a new home. 

Is July just a fluke?  It doesn’t look that way.  Pending Northern Virginia homes sales in July also showed an increase of 10.21 percent — these are the homes that will be selling in the coming weeks and months.

Some causes for the increase in activity:

  • Sales prices remain lower than last year.  Average July sales price was 5.03 percent lower than July 2008.
  • Interest rates are still quite low.
  • The deadline for the $8,000 first time homebuyer tax credit is rapidly approaching (November 30th).
  • Inventory is down significantly — there are 25.62% fewer active listings than at this time last year, creating a more competitive market for buyers.

For information on Craftmark Homes communities in Northern Virginia and Maryland,  click here: http://www.craftmarkhomes.com/communities.php

Good news: Pending homes sales nationwide up for 4th straight month (May)! July 17, 2009

Posted by CraftmarkHomes in Real Estate in the News.
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Pending home sales rose for the fourth straight month in May, and investors are taking this as another sign that the housing sector is recovering.

The National Association of Realtors reported that its seasonally adjusted index of pending sales increased by .1% percent to 90.7. Analysts expected no change.

The NAR attributes the increase to lower home prices and the $8,000 first-time homebuyer tax credit that was included in the Obama administration’s stimulus package.

From: The Street.com; July  1, 2009 http://www.thestreet.com/story/10532421/1/good-news-pending-homes-sales-up-again.html?cm_ven=GOOGLEFI)

FOR IMMEDIATE RELEASE July 17, 2009

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THE CRAFTMARK GROUP SETS NEW SALES BENCHMARK IN FIRST HALF OF 2009.

McLean, Virginia – The Craftmark Group is already recognized by the Washington Business Journal as one of the top 50 privately held businesses in the nation’s capital region, and ranked as the 79th largest homebuilder in the country by Professional Builder Magazine. Now they have bolstered their reputation for excellence and value with 165 total sales for the first half of 2009.

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Is buying a home in today’s economy a good idea? July 17, 2009

Posted by CraftmarkHomes in Real Estate in the News.
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As a long-term investment, homeownership is still one of the best investments for individual households. Why, you may ask? After all, the headlines say the housing market is down and out, with defaults rising at an alarming rate, and mortgage markets so frozen that buyers can’t get a home loan at any price.  What buyers need to realize is that housing markets, like all markets, inevitably have their ups and downs. And homeownership has a track record that is virtually unmatched by any other purchase in terms of its real benefits. Despite the turmoil in mortgage lending, if you have good credit, a job and steady income, you will find there is still plenty of mortgage credit to be had at good rates. For well-qualified buyers, rates are running at near historical lows.

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FOR IMMEDIATE RELEASE July 17, 2009

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THE CRAFTMARK GROUP RISES OVER PAST YEAR IN NATIONAL RANKINGS TO 79TH LARGEST HOMEBUILDER IN THE COUNTRY.

McLean, Virginia – Just released in May, 2009, the Annual Report on Housing’s Giants by Professional Builder Magazine has announced that The Craftmark Group has risen 20 spots to 79th largest homebuilder in the country from its prior ranking last year of 99th largest.

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