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  • psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813
  • RSS Colonial Williamsburg News

    • Mystery of the Hidden Chambers
      By John Watson Each hole on the toe boards will have a pipe perched on it. A toe board looks like a solid board with slightly funnel-shaped holes for the pipes (see wind-chest diagram), but the boards are anything but solid. Inside ... Continue Reading »
    • From the Garden: On Roan Mountain
      Last week I had the great pleasure of accompanying a group of enthusiasts who study the genus Rhododendron. View from Round Bald On one of our treks we explored the balds of Roan Mountain that rise above 5,000 feet on the border of Tennessee and North Carolina ... Continue Reading »
    • Through the Ranks: Telling Stories
      By Ben Swenson The recruits of the Colonial Williamsburg Fifes and Drums have come to the Revolutionary City from many different backgrounds. Some always knew they’d join this ensemble. Others seemed to have stumbled on it accidentally. All of them have signed on to a life-changing journey. In these audio clips, the recruits tell the stories of what ... Cont […]
    • Accepting a Challenge: Wheels for a French Cannon Carriage
      By Ben Swenson Entrepreneurs love to see business coming through the door. But when your line of work is an 18th-century Historic Trade, walk-ins are a rarity. Yet that’s what happened last year at the Colonial Williamsburg Wheelwright and Carriage Shop. Matthew Mees and his wife were visiting the Revolutionary City and made a point to drop ... Continue Read […]
    • This week’s podcast: Listen to the Declaration of Independence
      This week on the podcast, hear renowned Thomas Jefferson interpreter Bill Barker read the Declaration of Independence. There’s no better way to celebrate Independence Day than with reverence for the words that started it all. Listen now. Zoom in on the Declaration of Independence.
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February 2012 U. S. Economic and Housing Market Outlook

A Slow, Steady Path to Recovery

Freddie Mac  just released its February 2012 U.S. Economic and Housing  Outlook showing cautious signs of the economy and housing market moving in a positive direction fueled by an environment of low interest rates and more favorable job prospects for Americans.

Outlook Highlights

  • Job gains exceeded expectations for the past two months, but those leaving their jobs voluntarily were 2 million in December compared to the pre-recession average of 3 million, reflecting worker uneasiness.
  • The unemployment rate fell to 8.3 percent; and weekly unemployment benefits applications decreased for the third consecutive week to 348,000, the fewest since the first week in March 2008.
  • More warmth is expected in the housing market sometime in 2013, as the economy continues on its slow path to a stronger recovery in a low-interest-rate environment.
  • Low mortgage rates will continue to keep homebuyer affordability high and help drive more HARP refinances.
  • Consumers sentiment weakened in January while at the same time homebuilder confidence continues to show signs of growth.

Click here to view the complete February 2012 U.S. Economic and Housing Market Outlook.

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