Market Conditions for Alexandria, Virginia as of April 25, 2008.

The good news is that a bill was just signed by The President that will increase the conventional loan amount in VA to $600,000 (The maximum is currently $417,000). It is only a "Temporary Measure" to boost the housing market until the end of 2008. The bad news is - by the time they get geared up to implement it will be May/June of 2008. Whether they will extend is currently unknown. So, we can expect a surge of buyers in the late Spring timeframe until the end of 2008. With interest rates still extremely low and with the increase in the conventional loan amount - this should be a good year for buyers and sellers of real estate!