Happy New Year 2009!
Prime time for
Northern Virginia Real Estate Investing is here, as we enter 2009 scraping and bumping our keel on the bottom of the
Chesapeake Bay watershed housing market. All the indicators and news items are there, along with solid examples here at Ingrid Myers
Northern Virginia Real Estate.
Today's Washington Post article "Cash Glut Could Take Markets on a Ride" puts the scenario solidly in perspective - that "the mountain of cash...on the sidelines represent dry powder" ready to light this coming year. While the article focuses on the tremendous buildup of investor cash available to buy corporate shares in the stock market, the implications of cash available for real estate investing are clear.
It's time to buy residential properties, especially for investment purposes.
Other indicators point to the Washington DC Real Estate market and Northern Virginia real estate market in particular as very strong candidates for real estate investment rebound - and we can confirm at ground-level it's begun.
This article from Yahoo points to Washington DC as one of the top 5 Real Esate markets most likely to rebound the quickest, driven first by the snap-up of commercial real estate, and the residential follow-on. Part of the investment growth is International; with a weak dollar, and the
Northern Virginia Dulles Airport area being such a strong, growing commercial presence as the gateway to international business and travel, foreign investment in the area is rising quickly.
Just in the past week, we've come across townhouses in the
Prince William real estate market, Western Prince William real estate market, and several other properties in Fairfax and Loudoun counties that have come on the market and sold quickly, to investors, with at least 20% down. What's to appreciate, is that that pricing is considerably below market values of the past 8 years (for example an $89K townhouse and $303K single family in nice neighborhoods of Prince William county), and the transactions were very quick after listings, even with the significant downpayments.
Northern Virginia foreclosures in particular are accounting for significantly-accelerating buy-up by the investor community - though the foreclosure inventory (i.e. bank-owned properties) is expected to slow as the national market stabilizes a bit and banks and homeowners are able to reach better agreements.
It's been said that the opportunities for building wealth are greatest as the markets approach their bottom - that time is rapidly approaching, from all indicators. Donald Trump said back in August "now is the best time in years to purchase real estate...especially in the next 12 months to get the best deal". While the market crash this fall stalled much investment activity, it appears to have picked up again, and fast - the "next 12 months" starts now.
Contact us today to discuss
Northern Virginia real estate investing opportunities and scenarios, including farm investments, land investments, commercial real estate investments, and Maryland real estate investments.
One more thing to consider - investing in real estate isn't limited to whole-property purchases. Now is the time to plan and execute your Northern Virginia home renovation, remodeling and reconstruction plans. Many Northern Virginia home construction firms are at the bottom of their pricing cycles; add this to the dramatic uptick in expected
Northern Virginia home remodeling and renovation for this Spring (outpacing and replacing new home construction activity), and now's the time to lock in low prices with your Northern Virginia home contractor for 2009 delivery of very important home renovation investments. These should range from
Virginia energy-efficient replacement windows with
window alarm security screens, to full-on home renovation projects. Have a
Southern Maryland home renovation|construction project? Try
Cherry Cove Hospitality, in Lexington Park, MD.
Labels: fairfax real estate investments, northern virginia real estate, prince william real estate investments, real estate investing
