How's the Market in Reston, VA 20191 ?

Tuesday, December 14, 2010



How's the Real Estate Market in Reston, VA 20191:



The median list price in RESTON, VA
20191 this week is $519,900. The 35
properties have been on the market
for an average of 114 days.

The market has shown some
evidence of slowing recently. Both
prices and inventory levels are
relatively unchanged in recent
weeks. Watch the Market Action
Index for changes as it can be a
leading indicator for price changes.

Want to know what's going on in YOUR neighborhood - just give Selling Homes by Design a call! 703-679-1712

Sharon Goetz
703-679-1712, Sharon.G@KW.com
Realtor®, Accredited Staging Professional, Certified Interior Decorator
Keller Williams Realty

www.SellingHomesByDesign.com
www.facebook.com/SellingHomesByDesign

Please visit my website to see photos of Staged homes
& to request my FREE report on “Preparing Your Home for Sale”.

SELLING HOMES!...by design®
• Staging® services designed for YOUR home
• A choice of 3 commission plans designed to fit YOUR needs
• A satisfaction guarantee designed with YOU in mind

Are YOU Feeling Confident?

Monday, December 6, 2010

Consumer Confidence at Highest Level Since June 2010
(coincidentally - interest rates are at the highest rate since June 2010 as well...)

By Ruth Mantell

RISMEDIA, December 2, 2010—(MCT)—An index of U.S. consumer confidence rose in November 2010 to the highest level since June, with consumers more optimistic about future business conditions and job prospects, the Conference Board reported. The index rose to 54.1; economists polled by MarketWatch had expected a reading of 53. Confidence for October was revised to 49.9 from a prior estimate of 50.2.

“Hopefully, the improvement in consumers’ mood will continue in the months ahead,” said Lynn Franco, director of Conference Board’s consumer research center, in a statement.

The Conference Board’s index helps analysts compare fluctuations in confidence, with a reading of 100 for the base year of 1985. Generally when the economy is growing at a good clip, confidence readings are at 90 and above.

A barometer of consumers’ expectations rose to 74.2 in November—the highest level since May—from 67.5 in October. In November, 16.7% of consumers said they expect business conditions to be “better” in six months, up from 15.8% in October. Most consumers expect business conditions to be the same. Also, 18.8% of consumers expect there be to fewer jobs, down from 22.3% in the prior month. Most consumers expect the same number of jobs.

Consumer confidence is “exceptionally depressed,” reflecting labor-market weakness, wrote Dan Greenhaus, chief economic strategist with Miller Tabak, in a research note.

“It is hard to envision a sustained pickup in expectations without a commensurate move lower in the unemployment rate,” Greenhaus wrote.

While economists say the recession officially ended last year, the labor market remains weak. Economists polled by MarketWatch expect a gain of 155,000 jobs and for the unemployment rate to remain at a high 9.6%.

Meanwhile, consumers’ assessment of the present situation ticked up to 24 from 23.5. Looking at the present situation, a few more consumers in November said jobs are “plentiful.” However, most consumers still said that jobs are “not so plentiful” or “hard to get.”

When it comes to their buying plans, 5.4% of consumers in November said they have plans to buy an automobile within six months, up from 5.2% in October. The percentage of those with plans to buy a home fell to 1.7% from 2.2%, and those with plans to buy major appliances fell to 24.4% from 25.4%.

(c) 2010, MarketWatch.com Inc.

Distributed by McClatchy-Tribune Information Services

Sharon Goetz
703-679-1712, Sharon.G@KW.com
Realtor®, Accredited Staging Professional, Certified Interior Decorator
Keller Williams Realty

www.SellingHomesByDesign.com

Please visit my website to see photos of Staged homes
& to request my FREE report on “Preparing Your Home for Sale”.

SELLING HOMES!...by design®
• Staging® services designed for YOUR home
• A choice of 3 commission plans designed to fit YOUR needs
• A satisfaction guarantee designed with YOU in mind