Jonathan Bunn

The Presidental Canidates On Capital Gains Tax- original post

There are many issues that you will not hear addressed by the media or candidates during the debates. However, after some basic research I found where the Presidential candidates stand on the capital gains tax.

Capital gains tax is a tax imposed on a profit made by the sell of a property if the home has not been lived 2 out of the last 5 years. If an owner has lived in a property 2 out of the last 5 years an owner can currently keep 250k of the profit they make on a home tax free. If they owner is married they can keep up to 500k tax free. The current capital gains tax rate is 15%.

For the sake of a fair comparison, I have copied and pasted directly from the candidates sites what their plans are for their this tax which will effect many home owners in this area who at some point hope to make a profit on their homes.

Obama's Plan: Families with incomes below $250,000 will continue to pay the capital gains rates they pay today. For those in the top two income tax brackets- likewise adjusted to affect only families over $250,000- Obama will create a new top capital gains rate of 20 percent.

McCain's Plan: John McCain will maintain the 15 percent rates on dividends and capital gains.

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Let History Not Repeat Itself- original post

This past week our country made history. We saw one the largest decreases in stock value we have in years and our government signed a 700 Billion Dollar Bailout plan to keep our economy from sinking any further.

I spoke to many lenders, Realtors, and spectators during this time and ultimately came to the conclusion that other than the government not too many people knew the implications of this bill. You begin to get the feeling that you are on a plane and hear a loud noise. Everyone knows that something bad is happening but all you are allowed to know is that you can't leave your seat and the stewardess is going to bring you a complimentary Pepsi while acting like all will be fine.

To assist with all of this co-motion the elections are taking place with both sides magnifying the issues and acting as if these issue would have never happened under their guidance. The truth is, these issues are bigger than that last 8 years of George Bush. Don't get me wrong, this current administration has way overspent. Nevertheless, it was the Clinton administration that re-emphasized the sub-prime lending market to get low income families in to homes they could not afford.

I remind us of this because the finger pointing is out of control. Both parties have created this issue and we as the American people have created this issue. WE HAVE OVERSPENT. Government doesn't force us to run up credit card bills or buy homes. Our greed has gotten the best of us and now we need to fix it no matter who takes office. Remember, government if supposed to be FOR THE PEOPLE.

There have been steps in that direction this year. It is much tougher to get a loan now than it has been in the past. This makes my job more difficult but overall creates a stronger economy. This is a time for American maturity. This is a time to take responsibility for our debt. Maybe you don't need a bigger home. If you can afford your mortgage payments- PAY THEM. Stop walking away and making everyone else clean up your mess. For those who walk away from mortgage payments they can afford, there should be steep penalties and restrictions on them purchasing again.

We can get out of this. The foundation of our economy is strong (no matter what they say), and the sky is not falling.

Stop living in fear of the market. And turn off the news! If more people do this, the market will change. I guarantee it.

Loudoun County Absorption Rates- original post

I was stunned today when I pulled Loudoun's Absorption Rates to find that the inventory has DROPPED AGAIN. Not by much.... Only a .57 drop!

Absorption Rate: How many weeks it would take to sell off the remaining amount of homes in the market if the current sales rate continued as is.

July- 19.05 Weeks
August- 18.45 Weeks

There are two good things to notice here. One is that the inventory is continuing to decrease. Two is that we are seeing signs of market stability that is healthy for both buyers and sellers.

Absorption Rate stats can help you decide if it is a good time to buy or sale. Economist tend to agree that 6 months or more of market inventory is a buyers market.

These stats do not include condos. All information is deemed reliable but should be verified for accuracy.

The Best Part Of Ashburn = Redskins Park- original post

This is a Northern VA Real Estate Blog.

Many of you don't watch football. Therefore, I apologize for today's post. However, we are only a few weeks away from football season and I can hardly contain myself. I love the skins.

Therefore this morning I made my way out to the open practice offered every year by the Redskins free of charge in Ashburn, VA. I wanted to share a few photos with you.

The Newest Star- He looks Dangerous!

You can find out more about visiting the practice this week by visiting their site HERE....

Search for homes Here....

I have been busy on getting a home to settlement so I missed yesterday's stats. Therefore, I am making it up to you. These stats cover all of Loudoun County.

A few GOOD notes (forgive me for being optimistic... there are plenty of negative sites out there for those looking).

• We have continued to see a climb in homes sold which carried over in May.
• Average sales prices INCREASED for the first time in months!
• There are LESS homes now on the market than before! Less supply.
• Fewer new listings went on the market in May.

SEE STATS AND ORIGINAL POST HERE-

Loudoun County Monthly Sales Stats!

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Ashburn Condo Statistics

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