Blog

July 2018 Loudoun County Market Trends Report: Despite persistent low inventory, sales continue to rise; condo sales reach record high

August 16, 2018

Overview For the 37th consecutive month, Loudoun County’s active listings declined, reaching the lowest recorded July inventory number in over a decade. At the end of July 2018, inventory was 19.1 percent lower than it was at the same point last year. This left 1,197 homes for sale at month’s end, with 2.1 months of […]

Make a Difference in Loudoun County by Serving on an Advisory Board

August 9, 2018

You can help Loudoun County make better strategic decisions and provide your expert knowledge of Loudoun County by serving on an advisory board, commission, or committee. There are several opportunities for you to serve that involve a variety of topics. Below is a list of the current vacancies. The name of the committee is linked […]

DAAR Weighs in on Loudoun County’s Housing Future

July 23, 2018

Holly Weatherwax, 2018 Dulles Area Association of REALTORS® (DAAR) President, and Lars Henriksen, DAAR’s representative on the Loudoun County Comprehensive Plan Stakeholders group, provided suggestions on ways to address the housing needs in Loudoun County. Speaking before the Loudoun County Board of Supervisors on Thursday, July 19th, Weatherwax and Henriksen supported the effort to plan […]

June 2018 Loudoun County Market Trends Report: Prices reach a record high amid low inventory; Overall sales are up slightly as condo sales soar.

July 13, 2018

Overview Loudoun County’s median home sale price reached $500,000 in June—an increase of 6.4 percent on an annualized basis. This is the highest monthly median sales value on record. For the 36th consecutive month, Loudoun County’s active listings declined, reaching the lowest recorded June inventory number in over a decade. At the end of June […]

NAR Call for Action: Congress Must Reauthorize the National Flood Insurance Program

July 5, 2018

The current National Flood Insurance Program (NFIP) is set to expire on July 31st if there is no Congressional action. Without federal flood insurance, millions of home and small business owners in 22,000 communities nationwide will not be able to obtain insurance to protect their property against flooding! This will cause an estimated delay or cancellation […]

What the Association Health Plan Rule Means for REALTORS®

June 22, 2018

The U.S Department of Labor (DOL) has finalized its long-awaited Association Health Plan (AHP) rule to expand the definition of “employer” to include “working owners.” This change allows real estate professionals and other self-employed individuals to participate in association health plans. A key provision, forwarded for inclusion in the rule by NAR, will allow many REALTORS® […]

Check out Recent Caveat REALTOR® Podcasts on EMD and Teams

June 17, 2018

Earnest Money Deposits Laura and Jon talk about the risks involved for real estate licenses with regard to confirming that EMDs have been paid into escrow, particularly when it comes to the potential for identity theft. They also answer some questions from the legal hotline regarding how to handle EMDs, both from the listing and […]

Loudoun County Short-Term Rental Registration Process Begins in July

May 10, 2018

The Loudoun County Board of Supervisors recently adopted a new ordinance that requires some operators of short-term residential rentals to register with the county. Beginning July 1, 2018, property owners who rent their property for 30 days or less will be required to provide county officials with information about their rentals. Real estate licensees and […]

You’re Invited: Learn Why the Loudoun 2040 Plan is Important to You, 4/3, 9:30AM

April 2, 2018

On Wednesday, April 3, 2019, members of the Government Affairs Committee will meet with Jeffrey Salmon, Loudoun County Planning Commissioner. The Committee invited Jeff in order to learn about the draft Loudoun 2040 Comprehensive Plan. The draft Plan includes policies and goals for the future development of Loudoun County. If enacted, it will guide where […]

Charting the Changes: Bright MLS Provides Important Update to Subscribers

March 9, 2018

The message below was sent to all Bright MLS subscribers providing an an update on past, present and future changes to expect with the system:Over the past year we’ve been busy building the foundation of the new Bright MLS system and on continued alignment of fees and policies across the entire Bright footprint. There have […]