Month: September 2012

One Loudoun Receives 4 Great American Living Awards!

One Loudoun received four GALA Awards at this year’s annual awards event. The GALA (Great American Living Awards) honor the stars of the new home industry in building, development, architecture, interior design, marketing and sales on behalf of builders and developers in the Virginia, Maryland and DC Metropolitan market.

  1. Best Mixed Use Design (Active LandDevelopment)
  2. Best Print Advertising, Individual Ad
  3. Information Center, Master Planned/ Mixed Use Community, 1000 sf and over
    Award of Merit
  4. Overall Marketing Campaign, Master Planned/ Mixed Use Community)
    Award of Merit
Visit our Award-Winning Welcome Center today and see all of the exciting new developments.

New Camberley Homesites Announced!

Many prospective home buyers who have been searching for new homes for sale in Ashburn-Leesburg, are very exited to see that the new housing community of One Loudoun and Camberley Homes have announced the release of several new homesites! These new Evanston and Lincoln Park home styles are unique and feature amazing design elements, which contribute to the authentic detailing and charm of classic Brownstone-style architecture.  

With mortgage rates already near record lows, the Fed’s recent news about launching a new program aimed at pushing mortgage rates even lower, has caused quite a buzz in the Loudoun County real estate market.  More home buyers are considering homeownership and are realizing that there is great investment opportunity in front of them.  Now is the time to take advantage of the buyer-friendly market conditions and buy in a new home community, such as One Loudoun, which offers a convenient walkable community where residents can live, work, relax, dine, shop and socialize.

Camberley Model Homes Nearing Completion!

New home buyers looking at new homes for sale in Ashburn are excited to see that the first of the Camberley model homes are nearing completion!  With One Loudoun‘s sales report already past the 50 home-sales mark, now is an opportune time to act and take advantage of pre-model pricing!  To check out more on these gorgeous homes that Camberley has to offer, look at floor plans and pricing, or visit One Loudoun on Facebook.

Taking Advantage Of Low Mortgage Rates While They Last

Recent reports have indicated that the national housing market bounced back strongly into what hopefuls predict will be a sustainable recovery. This is a great opportunity for buyers considering new homes in Loudoun County, allowing them to take advantage of the low mortgage rates while they last.

During the months leading up to mid-July, the U.S. housing market watched as long-term mortgage rates matched or hit lows that haven’t been seen in at least 40 years. A 30-year fixed loan dropped to 3.35% and has only risen to 3.66% since. Five-year adjustable rates fell to a low of 2.74%, and have inched up just slightly to 2.8% since July. Even a slight increase in the rate can be significant difference in monthly mortgage payments.

Rising mortgage rates, however, are not the only aspect of the housing market that have been showing gains. CNNMoney reported that, according to a recent Census Bureau report, home sales were up in July by 25% in a year-over-year comparison; existing-home sales increased by 10% over that same period of time, and applications for residential building permits increased by 30%. All positive signs for the industry.

The rise in home sales has brought an increase in home prices. The S&P/Case-Shiller national home price index, which covers more than 80% of the U.S. housing market, increased by 6.9% in April-June compared to Jan-March of 2012. National home prices showed a gain of 1.2% when compared to the same time last year. David Blitzer, a spokesman for S&P, stated that, “We seem to be witnessing exactly what we needed for a sustained recovery; monthly increases coupled with improving annual rates of change,” he said. “The market may have finally turned around.”

According to Fannie Mae Chief Economist, Doug Duncan, the rise in home prices is likely to push prospective home buyers off of the fence they were sitting on, waiting out the price decline. “Their perception that we hit the bottom takes out the risk of buying into a falling market, ” Duncan said. “That should increase demand, particularly if they also believe that mortgage rates have reached a bottom as well.”

All signs point towards a U.S. real estate market that is picking itself back up from a period of long-suffering. The demand for new homes for sale evidently is increasing, as the market has seen a boost in sales that has been steady across the past spring and summer months. As the numbers for home sales grow, so do the prices of the homes. The fact that mortgage rates are still near record lows, for the time being, is very good incentive for first-time home buyers to jump on the current market and buy a new home for sale in a new Loudoun County community.