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Archive for the ‘housing’

Home For Rent in Fredericksburg

March 11, 2010 By: mbomichele Category: housing, MCB Quantico Interest No Comments →

fredericksburg house for rent

Beautiful home in Cannon Ridge subdivision! Top rated schools in Stafford County School Distict.  3.7 miles to VRE! Home is 3 finished levels on a corner lot of a cul-de-sac.

For more information on this home, please view MBO139684 on Militarybyowner.

Quantico Live is brought to you by Militarybyowner Advertising, Inc. your source for Homes for Rent near Quantico

Reverse Commute?

March 02, 2010 By: mbomichele Category: housing No Comments →

militarybyowner home

How about commuting to Quantico south on 95?  There are plenty of beautiful homes north of the base that would make your commute smooth against the mad traffic heading in to the city.  Check out this great house in Dumfries!

You can view this ad, MBO137141, and more homes on Militarybyowner.com, your source for houses near Quantico.

Beautiful “By Owner Home” Near Quantico

February 23, 2010 By: mbomichele Category: housing No Comments →

by owner house

 

Looking for the perfect home and want to deal with the homeowners? This beautiful and updated home in Hampton Oaks is one of great properties out there prime for the early real estate season !

 Check out this great property, MBO135160, on Militarybyowner.com your Quantico Homes Resource.

 

BAH Rates.. will it effect DC?

December 22, 2009 By: mbomichele Category: housing, relocating information No Comments →

The US Department of Defense has released the Basic Allowance for Housing (BAH) rates for 2010. The BAH rates for permanent-duty troops increases an average of 2.5% on January 1, 2010. The BAH is alotted to servicemembers for whom govenrment-provided quarters are unavailable. Check BAH rates in your area here.

Around one million full-time servicemembers take advantage of the BAH program, whose benefits vary based on duty location, pay grade, and number of dependents. Checking the rates against ZIP codes where I’ve lived, it looks like, if you don’t have any dependents, you could get an average one-bedroom apartment. However, personal experience tells me that rent tends to increase more than 2.5% each year.

 In the DC area, housing rates, increased across the board. Locations increased by just a few dollars up to a couple of hundred dollars.  How will these rates and changes effect housing prices and rental rates in the Northern Virginia area?  Home owners and landlords are hopeful that the housing market in Virginia will continue its steady recovery…. opinions??

HAP Program has a pulse!

December 01, 2009 By: mbomichele Category: housing No Comments →

 Congress created the HAP program in 1966 (see Section 3374, Title 42 United States Code) to financially compensate eligible military and civilian Federal employee homeowners when the real estate market was adversely affected directly related to the closure or reduction-in-scope of operations due to Base Realignment and Closure (BRAC).  More recently the HAP program was reviatlized as part of the American Recovery and Reinvestment Act of 2009 to assist military members that are forced to PCS from a declining housing market.   

Most analysts expressed concern that the actual program requirements and the tax implications were not clear enough to have anyone in the military program actually benefit.  Was this another federally ordered stimulus package that would never trickle down to benefit the intended.  I tried, for grins,to call about the emergency refinancing plans that were announced last year. You could not benefit if you were not yet behind on your mortgage but if you credit was bad, you were almost ousted from the phone tree…… so where oh where is the place between “behind on mortgage” and “still good credit”… hmmmm?

Almost against odds, the HAP program is starting to chug along like the Little Engine that could.  Payments are actually being processed.  People are actually benefitting.  Most importantly the tax questions were clear up when Presdient Obama signed the HR3548, making payments made to military members under the HAP exempt from taxation. 

Please review all the information about the HAP program carefully before filing.   HAP Program FAQ’s and HAP Program Overview

Does anyone out there have personal experience with HAP so far??? Is there really a pulse?

Bounce Bounce Bounce

October 15, 2009 By: mbomichele Category: housing, relocating information No Comments →

Do you think that Miley Cyrus wrote “The Climb” with the NYSE in mind. 

There’s always gonna be another mountain
I’m always gonna wanna make it move
Always gonna be an uphill battle
Somebody’s gonna have to lose

Ain’t about how fast I get there
Ain’t about what’s waiting on the other side
It’s the climb, yeah!  (traders on the floor break into spontaneous dance led by pop princess in wall street garb)

The stock market briefly and wonderfully eclipsed the 10,000 mark yesterday, revisiting an apex that we first accomplished ten years ago.  WE are all sooooo excited, to be back in the stock gain levels of ten years ago? ..?

 Honestly, those of us who are homeowners here in Virginia and DC are hopeful that the resurgence of the market could indicate a resurgence in the market. 

Fellow Zillow watchers.. what do you think?  We have watched our homes peak at irrationally high heights just 5 years ago to only go on a sickeningly steep Busch Gardens like drop.  Indicators are that there is a leveling off and that this summer we may have even seen a slight bounce back to values of a reasonble time.  Which begs an important question for DC newbies…. RENT… or … BUY?  Many a Virginia resident has made a killing on selling a home they owned for three years before moving back to an obscure base in Texas.  Conversely, some have been strapped into mortgages that do not hold up to the housing crash and are forced to rent their homes for a percentage of their value when the FBI, DOD or GS job ships them off to Asia.

Schools of thought vary about where the market hit bottom this year, or if it did hit bottom.  Interest rates have been remaining steady at the lowest rates ever seen.  There will be a magical moment when interest rates and housing prices begin to rise again.  How to catch that perfect moment just before “The Climb.” ? What would you tell a new Virginia resident.. RENT or BUY?  Have we recovered?