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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
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    • New Podcast: Reinventing the Wheel
      On this week’s podcast, listen as Journeyman Wheelwright Andrew DeLisle describes the complex technology behind the deceptively simple wheel. Colonial Williamsburg’s Historic Trades lend a hand to help a partnering institution re-create a carriage for a French Cannon, and rediscover some fascinating differences between the English and French craft traditions […]
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      “It is wonderful how much may be done, if we are always doing.” – Thomas Jefferson, 1787 With so many intriguing research projects, new family programs and behind-the-scenes stories taking place across Colonial Williamsburg every day – we’ve decided to make an exciting change! That’s right. We’re combining talent and resources across the Foundation to ... Co […]
    • We’re Excited to Announce a Big ‘Move’ for All Colonial Williamsburg Blogs!
      “It is wonderful how much may be done, if we are always doing.” – Thomas Jefferson, 1787 With so many intriguing research projects, new family programs and behind-the-scenes stories taking place across Colonial Williamsburg every day – we’ve decided to make an exciting change! That’s right. We’re combining talent and resources across the Foundation to ... Co […]
    • We’re Excited to Announce a Big ‘Move’ for All Colonial Williamsburg Blogs!
      “It is wonderful how much may be done, if we are always doing.” – Thomas Jefferson, 1787 With so many intriguing research projects, new family programs and behind-the-scenes stories taking place across Colonial Williamsburg every day – we’ve decided to make an exciting change! That’s right. We’re combining talent and resources across the Foundation to ... Co […]
    • We’re Excited to Announce a ‘Big Move’ for All Colonial Williamsburg Blogs!
      “It is wonderful how much may be done, if we are always doing.” – Thomas Jefferson, 1787 With so many intriguing research projects, new family programs and behind-the-scenes stories taking place across Colonial Williamsburg every day – we’ve decided to make an exciting change! That’s right. We’re combining talent and resources across the Foundation to ... Co […]
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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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