Simple Real Estate

April – National Market Update

admin — Thu, 12 Apr 2012 20:21:58 +0000

Click here to view the video on YouTube.

Weekend Mortgage Rates Jan 13-17, 2012

George — Mon, 16 Jan 2012 16:00:47 +0000

Current Weekend Rates, these should remain the same for a couple of days. Any question feel free to contact us.

MetLife Quits Mortgage Industry – How that may affect you!

George — Thu, 12 Jan 2012 21:17:16 +0000

It looks like MetLife, one of the biggest insurance companies, is getting out the mortgage business. According to the MetLife Press Release, they will be closing out their division and will be honoring all loans currently being closed within 90 days. MetLife also announced that GE Capital Financial Inc., will be acquiring most of the current loans. Also, according to the NY Times, 4,300 employees will lose their jobs. The NY Times, states that MetLife employees to be affected are mainly sales representatives and support staff. The company has given all employees 60 days notice before termination.

Now the most important part, how does this affect you if you have a MetLife loan? Well believe it or not, the sale of a loan is not uncommon. If you have ever purchased a home with a Mortgage Banker or direct lender, you may have experienced your loan payments being transferred to another bank. A Mortgage Banker typically does this, they get the loan, they fund the loan, and then they send out the loan application to several banks and see which one wants to buy it. Then they sell the loan to that bank, get a reimbursement for the amount they invested in it, and make a profit. This can also happen with mergers, for example; When Bank of America merged with CountryWide, people on Sunday who were with CountryWide, on Monday found out they were with Bank of America. So when MetLife announces that it will be closing its loan division, people who currently hold a MetLife loan or have a pending loan, will most likely find themselves with a new bank. Unfortunately, those who do not have a pending loan will find themselves seeking a new lender. As always, any questions, concerns, or comments please feel free contact us.

Yearly Market Update – 2011

George — Tue, 10 Jan 2012 14:00:23 +0000

The year has ended for the 2011 housing cycle, and it is that time of year again. Below you will find charts for the Average Price of homes being sold and Average Days on the market in NOVA (Northern Virginia). At the moment, Dec sales are still pending, so we will provide an update when we get all the available data. Regardless, we are posting Jan – Nov 2011 market trends for the following area: Fairfax County, Prince William County, Arlington County, Alexandria City, and Loudoun County. If we have missed any other areas, I apologize, there is a lot to cover. Please post a comment or contact us for a custom report, questions, or concerns.

***Important, all charts are an Average of each County/City. It does not show the Market trend for a particular subdivision or neighborhood. These trends may change for your particular area, for a more custom chart please contact us.***

Fairfax County

Prince William County

Arlington County

Alexandria City

Loudoun County

Comparing Northern Virginia Counties/Cities

Welcome to the New Simple Real Estate

admin — Sun, 01 Jan 2012 00:00:17 +0000

Welcome to the new Simple Real Estate. Through out the year you will see new updates as we improve our new website. One of the new features will be a Blog in where we can provide a more interactive Market Update in the DC metro Area. We look forward in helping you find your new home or sell your current one. At Simple Real Estate, we believe in “Making Real Estate Easy!”