Kathy O'Neal
Fairfax, VA 22033
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Archive for February, 2009

MOST AFFORDABLE SUBURBS IN THE US: WHERE ARE THEY?

BusinessWeek names the best affordable suburbs in all 50 states

As you might have guessed, Chantilly and the surrounding area suburbs are not the most affordable in the Commonwealth of Virginia.  For that, you will have to head south toward Richmond and then east toward the Hampton Roads metro area and then to Poquoson.  The median home price there is $312,000.

On a national level, home affordability is a lot better than it once was, compliments of the current housing and economic conditions.

All of this translates into the interesting fact that in most parts of the US, the cost of owning a home versus renting one is now close to its historical average.

But take it one more step. If you look near most major cities, there are some neighborhoods where affordability and quality of life are exceptional..  Drawing on data from OnBoard Informatics, Business Week highlights these areas in a study called Best Affordable Suburbs.”

This report’s focus is not necessarily the rock bottom of prices.  Its real emphasis is cities and towns with populations around five to sixty-five thousand, and with favorable statistics in the areas of the economy, schools, crime level, and quality of life.  Places where buying a home is an especially good value.

If you want to visit the place which grabs the very top of the list you will have to travel to Awake, Wisconsin.  Awake is a suburb 20 minutes west of Milwaukee, known for its outdoor lifestyle and strong job market.  You can find the complete 50-state listing on Business Week’s website.

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ONE NOTE SAMBA: WHAT’S MISSING FROM TODAY’S HOME SALES STATISTIC?

Existing home sales for January 2009

Ever heard the song “One Note Samba?”

The melody cleverly used repetition on one single note to create a memorable melodic motif.  The song was a hit back in the 60’s. Read the rest of this entry »

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ANOTHER SIGN OF RECOVERY? COST OF OWNING vs RENTING DROPS BACK TO HISTORICAL AVERAGE

The cost of owning a home versus renting one is returning to historical levels

It is important to at least try to make sense out of the daily dose of housing news, but who has time to assemble the dots, much less try to connect them.  That’s why we like to give you short, relevant snapshots of data and news items that have some meaningful value to regular people who are attempting to make sense of the current housing market, so that they can make wise decisions. Read the rest of this entry »

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FREEDOM FROM FOOD-BORNE ILLNESS: BE A REFRIGERATOR NEATNIC!

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CONFORMING LOAN LIMIT CHANGE: BACK TO $729,750 FOR “HIGH-COST” AREAS

2009 conforming loan limits are back to 729,750 in high-cost areas Read the rest of this entry »

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COMMUNITY SPOTLIGHT – BRAMBLETON IN LOUDOUN COUNTY

This week’s Community Spotlight shines on Brambleton. Read the rest of this entry »

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HOW TO SELL YOUR HOME IN A CHALLENGING MARKET: CONTRACT TO SETTLEMENT – STRATEGY 7

EPISODE 6 – REAL ESTATE IN CHANTILLY RADIO

on-air1What are the most successful Chantilly area home sellers doing in this challenging market?

This is the question that Kathy O’Neal has been methodically answering in this series of interviews on the “Strategies of Successful Home Sellers.”

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HOMEOWNERS AFFORDABILITY AND STABILITY ACT – ON THE STARTING LINE

Underwater homeowners may be able to refinance under the housing stimulus plan

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THERE IS ALWAYS TIME FOR MILWAUKEE FROZEN CUSTARD

Life’s little pleasures can make a big difference.

MILWAUKEE FROZEN CUSTARD - SULLY PLAZA SHOPPING CENTER - CHANTILLY, VA

MILWAUKEE FROZEN CUSTARD - SULLY PLAZA SHOPPING CENTER - CHANTILLY, VA

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STIMULUS PACKAGE AND MORTGAGE RATES: THE CONNECTION

Mortgage rates improved after the ARRA was signed Read the rest of this entry »

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