New Homes in Northern Virginia and Maryland
Virginia & Maryland's New Home Network
The only DC metro home search with both new and built homes on one website!
Learn about the Washington DC, Virginia and Maryland area home builders, new communities, demographics, schools, mortgage alternatives and more. BRC's builder counseling program easily helps you locate, negotiate, build, finance and settle your new home. Save thousands with the Council's assistance, special offers and . Best of all, BRC assistance is Free of charge to homebuyers encouraging ownership of new construction single family houses, townhomes and condominiums.
You can also: Search all DC, Northern Virginia and Maryland home listings, including resale homes and new homes listed by home builders in the MLS.
BRC programs and incentives are available ONLY to buyers not obligated to buyer-agent contracts with Realtors.
Real estate prices in Washington DC, Northern Virginia and Maryland have declined considerably over the past several years stabilizing to the upside as 2012 approaches. Homes priced below $475,000 in many locations are experiencing a strong seller's market and inventory is low in good locations. Housing statistics confirm the housing market in the Washington DC area bottomed in summer/fall of 2010 while fixed conforming mortgage rates are currently at an all time low in the 4% range.
New homes for sale in Northern Virginia and Maryland thus far are selling faster in 2011 than the past four challenging years. Well-located new home developments are doing especially well particularly townhomes and condos under $450,000 in the Washington DC area housing market, a market considered America's strongest. New home prices are rising in preferred locations, however some regions continue to experience moderate short-sale and foreclosure activity. The Washington DC metro area includes NOVA as well as Suburban Maryland.
New Single family, townhouse and condominiums in Northern Virginia, Maryland and the Washington DC area continue to offer attractive home buying incentives on new home construction. Unusually strong are first-time home buyers, Active Adult and the region's dynamic relocation market. Fairly valued housing opportunities are selling to qualified real estate investors, particularly in prime residential locations. The most active new home developments have been condos in Arlington, Virginia for sale and condominiums in Alexandria, Va priced between $275,000-$499,000 including the Woodbridge area of Prince William County where new homes and existing homes are more affordable.
New construction single family homes, townhomes and condos in Northern Virgina and Maryland range in price considerably and it is important to be aware the cost of settling a home in Maryland is twice that of Virginia (Estimated at six percent vs. three percent in Virginia. The best housing opportunities are available for home buyers with urgency including special financing/option incentives offered by builders. Furthermore, savvy new home, townhome and condominium investors are actively purchasing properties in choice Washington DC area developments reducing the inventory of the more desirable new homes for sale in Northern Virginia, Maryland and Washington DC metro. Currently, the Washington DC region is the nation's strongest housing market with homes in Loudoun County serving America's highest per capita household income.
The Council forecasts opportunities will prevail throughout the fourth quarter of 2011 with home prices for new homes in Northern Virginia and suburban Maryland continuing to rise in 2012. Residential appraisals are determined by regional market economic conditions and location variables, therefore housing values and appreciation are not subject to unilateral market consistency. One particular area of interest is the Dulles Toll Road corridor for homes in Fairfax County as the new Reston/Wiehle Avenue Metro becomes available in 2013. The Council notes increasing interest in Tysons Corner, Reston and Dulles real estate as folks attempt to invest prior to the Metro grand opening. Prices in this particular region are expected to outperform.
Builders in Northern Virginia and builders in Maryland are actively working in cooperation with the Council's Virginia and Maryland new home search operations locating buyers looking for new homes, townhomes and condo prices below market averages.
The primary impediment to residential real estate recovery and home building is the restrictive financing guidelines Fannie Mae and Freddie Mac are continually imposing on mortgage lending operations and the American public. The demand for both new homes and existing real estate purchases is actually quite high. However, These GSE's are making it an extraordinary challenge for the self-employed and retired to purchase housing despite assets while mandating two consecutive years of qualifying income regardless of loan to value, creditworthiness or ability to repay which discriminates against these two groups. Residential real estate and the American economy will not sustain a healthy recovery until these aggressive mortgage guideline policies are reversed. Furthermore, industry-wide complaints regarding unfair appraisals are making it very difficult to refinance and/or qualify for purchase hindering real estate appreciation potential while impeding discretionary income growth. In consequence, a growing portion of the population is forced to rent which escalates apartment demand and pricing thereby diminishing per capita home ownership and economic prosperity in the United States.
LOGIN to the Council's up to date NEW HOMES DATABASE for Northern Virginia real estate, specifically: Fairfax County real estate, Loudoun County real estate, Prince William County real estate and Maryland real estate, including Montgomery County, Anne Arrundel County and Prince George's County. Demographic housing data for the entire Washington DC, Northern VA, and suburban MD residential is provided.
Search New Homes in Northern Virginia & Maryland New Homes
Easily compare prices, builders and communities including state and federal demographic statistics for Maryland and Virginia. Search homebuilder websites, find award-winning floorplans, request builder brochures and periodicals. The region boasts nearly 400 homebuilders and over 2,000 communities for sale. Get the facts and make a well-advised investment in new homes in Northern Virginia and suburban Maryland.
No investment recomendations made in cooperation BRC in the past few years are currently properties in foreclosure. We know which areas are more likely to appreciate, how to more effectively structure contact negotiations and which properties and locations are likely to remain stable in the current housing climate. The council offers 25 years of homebuilding and mortgage finance expertise at no cost to new home purchasers and forecasts the housing market bottomed in the fall of 2010. Since then, interest rates declined, prices firmed while affordability and demand increased.
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