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February 9, 2009, by

Fairfax Virginia Real Estate – Traffic Picking Up

Inventory remains stable, as buyers absorb foreclosures. Low prices are being accepted on foreclosures and lower rates are making these prices look even more attractive. Continued demand for foreclosures helped keep inventories in check again in January. Stable inventory levels are a good first step in recovery.

The good news is that the demand picture looks better than some think. There are a lot of buyers waiting on the sidelines. The drop in prices making first time homebuyers able to afford to purchase instead of rent. The serious buyers are out looking and making offers.
Traffic picks up, Buyer traffic increased again in January. Following the trend from last month, more buyers were looking and considering a purchase. Traffic is good, however, strict underwriting criteria is an issue. Buyers are interested, but complain they do not have the down payment. Buyers remained price sensitive and are finding foreclosures attractive.

For complete details on everything in the Fairfax Virginia Real Estate market, including the Northern Virginia Area Real Estate Market of Fairfax, Loudoun, Prince William, Arlington, Alexandria and surrounding counties, visit our websites at http://www.onlyvirginia.com and http://www.nvarea.com and http://www.onlyfairfax.com

What about the Fairfax Virginia Real Estate market? What about the the Northern Virginia Area Real Estate Market? What about the Loudoun County Virginia real estate market? What about the Prince William County Virginia real estate Market? What about the Arlington County Virginia Real Estate market? What about the real estate in the surrounding northern Virginia Counties?

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Tags: Fairfax Virginia Real Estate, Northern Virginia Real Estate, Fairfax County Va real estate, Loudoun County Va real estate, Prince William County Va homes, Arlington County Va homes, Alexandria Va homes

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