29% of DC owners underwater

[bearishgurl]

patb, how is the market in Chevy Chase? Stable or falling (historical area). Also, how is Fairfax County doing, specifically, McLean and Great Falls? Stable or falling?

My questions are referring to the SFR market only.

IIRC, Loudoun County (area of the subject “Meltons,”) is more of an “exurb” area of Washington DC. Not quite as far as Temecula is to SD, but way OUT there and not anywhere near as desirable as the aforementioned cities, IMHO.

[paramount]

This thread is interesting for me on a personal level as I was almost relocated to Virginia; in fact I recently had to decide whether to stay in San Diego or head to Virginia.

I started by looking in Sterling-which is an area I like and not far at all from DC IMO. Only a few minutes really to Tyson’s Corner. Prices seemed pretty high in Sterling and holding as far as I could tell, so then I started looking in Gainesville.

Gainesville is really very similar to Temecula and I would characterize both as exurbs. Well, there is one difference – Gainesville RE prices did not fall nearly as much from the peak compared to Temecula.

I suspect the reason for the huge difference is that the unemployment rate in NOVA is around 6%, meanwhile the unemployment rate in the IE is north of 15%.

The rest of the country suffers for the benefit of the DC area.

[paramount]

This thread is interesting for me on a personal level as I was almost relocated to Virginia; in fact I recently had to decide whether to stay in San Diego or head to Virginia.

I started by looking in Sterling-which is an area I like and not far at all from DC IMO. Only a few minutes really to Tyson’s Corner. Prices seemed pretty high in Sterling and holding as far as I could tell, so then I started looking in Gainesville.

Gainesville is really very similar to Temecula and I would characterize both as exurbs. Well, there is one difference – Gainesville RE prices did not fall nearly as much from the peak compared to Temecula.

I suspect the reason for the huge difference is that the unemployment rate in NOVA is around 6%, meanwhile the unemployment rate in the IE is north of 15%.

The rest of the country suffers for the benefit of the DC area.

[paramount]

This thread is interesting for me on a personal level as I was almost relocated to Virginia; in fact I recently had to decide whether to stay in San Diego or head to Virginia.

I started by looking in Sterling-which is an area I like and not far at all from DC IMO. Only a few minutes really to Tyson’s Corner. Prices seemed pretty high in Sterling and holding as far as I could tell, so then I started looking in Gainesville.

Gainesville is really very similar to Temecula and I would characterize both as exurbs. Well, there is one difference – Gainesville RE prices did not fall nearly as much from the peak compared to Temecula.

I suspect the reason for the huge difference is that the unemployment rate in NOVA is around 6%, meanwhile the unemployment rate in the IE is north of 15%.

The rest of the country suffers for the benefit of the DC area.

[paramount]

This thread is interesting for me on a personal level as I was almost relocated to Virginia; in fact I recently had to decide whether to stay in San Diego or head to Virginia.

I started by looking in Sterling-which is an area I like and not far at all from DC IMO. Only a few minutes really to Tyson’s Corner. Prices seemed pretty high in Sterling and holding as far as I could tell, so then I started looking in Gainesville.

Gainesville is really very similar to Temecula and I would characterize both as exurbs. Well, there is one difference – Gainesville RE prices did not fall nearly as much from the peak compared to Temecula.

I suspect the reason for the huge difference is that the unemployment rate in NOVA is around 6%, meanwhile the unemployment rate in the IE is north of 15%.

The rest of the country suffers for the benefit of the DC area.

[paramount]

This thread is interesting for me on a personal level as I was almost relocated to Virginia; in fact I recently had to decide whether to stay in San Diego or head to Virginia.

I started by looking in Sterling-which is an area I like and not far at all from DC IMO. Only a few minutes really to Tyson’s Corner. Prices seemed pretty high in Sterling and holding as far as I could tell, so then I started looking in Gainesville.

Gainesville is really very similar to Temecula and I would characterize both as exurbs. Well, there is one difference – Gainesville RE prices did not fall nearly as much from the peak compared to Temecula.

I suspect the reason for the huge difference is that the unemployment rate in NOVA is around 6%, meanwhile the unemployment rate in the IE is north of 15%.

The rest of the country suffers for the benefit of the DC area.

[paramount]

As I researched the Northern Virginia area, I really struggled to find schools that compared well to schools in Temecula (based on the greatschools.org rating system). Very few 9/10 schools in NOVA whereas almost every elem. school in Temecula is rated a 9 or better.

[paramount]

As I researched the Northern Virginia area, I really struggled to find schools that compared well to schools in Temecula (based on the greatschools.org rating system). Very few 9/10 schools in NOVA whereas almost every elem. school in Temecula is rated a 9 or better.

[paramount]

As I researched the Northern Virginia area, I really struggled to find schools that compared well to schools in Temecula (based on the greatschools.org rating system). Very few 9/10 schools in NOVA whereas almost every elem. school in Temecula is rated a 9 or better.

[paramount]

As I researched the Northern Virginia area, I really struggled to find schools that compared well to schools in Temecula (based on the greatschools.org rating system). Very few 9/10 schools in NOVA whereas almost every elem. school in Temecula is rated a 9 or better.

[paramount]

As I researched the Northern Virginia area, I really struggled to find schools that compared well to schools in Temecula (based on the greatschools.org rating system). Very few 9/10 schools in NOVA whereas almost every elem. school in Temecula is rated a 9 or better.

[patb]

“Not sure if VA is a judicial or non-judicial foreclosure state. patb, do you know?”

Non Judicial. 14 days from NOD to NOT if they want.

so why properties are lingering is beside me.

“How is the market in Chevy Chase”
The papers claim it’s up 27% in a year.

I don’t follow the MD market much.

[patb]

“Not sure if VA is a judicial or non-judicial foreclosure state. patb, do you know?”

Non Judicial. 14 days from NOD to NOT if they want.

so why properties are lingering is beside me.

“How is the market in Chevy Chase”
The papers claim it’s up 27% in a year.

I don’t follow the MD market much.

[patb]

“Not sure if VA is a judicial or non-judicial foreclosure state. patb, do you know?”

Non Judicial. 14 days from NOD to NOT if they want.

so why properties are lingering is beside me.

“How is the market in Chevy Chase”
The papers claim it’s up 27% in a year.

I don’t follow the MD market much.

[patb]

“Not sure if VA is a judicial or non-judicial foreclosure state. patb, do you know?”

Non Judicial. 14 days from NOD to NOT if they want.

so why properties are lingering is beside me.

“How is the market in Chevy Chase”
The papers claim it’s up 27% in a year.

I don’t follow the MD market much.

[Author]

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