Scott MacDonald's Blog

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Real Estate Broker/Owner - RE/MAX Gateway
Current Market news in Northern Virginia Real Estate.
RECENT BLOG POSTS
Jason Smith's comments: Inventory levels up slightly but everything else is staying steady so the market is going strong!  We are just under a 2 month supply of houses in Prince William County.  The active inventory has 36% of the market as distressed sales.  Nationally, inventory levels are up 7...
09/18/2009
All is the same over the last month or so - same issues with short sales, foreclosures, etc Agents are being more demanding and asking for shorter timelines - short sales are bringing out the worst in other agents.  Agent's frustration over short sales are carrying over into other transactions.  ...
09/18/2009
It is an interesting time in the market right now. For the first time in a long time, there are not a lot of changes in our market to report - it is the same ole story - which is kind of nice.   Over the last several weeks, we have reported shifts which were affecting our industry and we were on ...
09/16/2009
10 Ways to Protect Yourself from Mortgage FraudMany of the challenges homeowners and home buyers are confronting today are the result of unscrupulous mortgages extended over the past several years. Help protect yourself during the home buying process with these tips from the American Homeowners F...
09/14/2009
Do You Qualify for the Expanded Home Refinance Program? The Home Affordable Refinance Program, or HARP, established by the Obama Administration, has been expanded, raising the maximum loan-to-value ratio from 105% to 125%. As a Member of the Top 5 in Real Estate Network®, many clients are asking ...
09/14/2009
Whether you are thinking about putting your home on the market or you are concerned about increasing your home's equity in a time of depreciating house values, knowing which remodeling projects yields the best return on investment, is critical.Not all home remodeling projects are equal in terms o...
09/14/2009
The shorts sales continue to rear their ugly head. Our agents continue to have problems with the time spent working on them, the energy devoted to them and the lack of results they are getting out of them.  It appears now that many of the banks have gone to call centers handling the shorts sale c...
08/29/2009
What a performance by Joe Theismann - again!  Being a lifelong Washington Redskin fan, I experienced many of Joe's outstanding performances on the field but at the RE/MAX Broker/Owner meetings in Chicago, he outdid himself with his speaking.  He inspired many of us, surprised many more with his m...
08/24/2009
Another Platinum Club meeting, another short sale discussion meeting, when will the madness end?  My short answer is, when the government steps in and does something GOOD for our industry and gets banks to streamline and systemize the short sale process. A few observations from today's meeting in...
08/13/2009
Numbers review - we are up as a company!  Our transactions are up 21% over last year - We have gone from 674 last year to 874 this year.  With 80 agents that is a 10.6 average number of transactions per agent through July! HERA update - no more closings within 7 days, lock early, get accurate num...
08/07/2009
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Scott MacDonald

Scott MacDonald, Broker of REMAX Gateway
local_phone(703) 652-5777
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Current Market news in Northern Virginia Real Estate