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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

    • An Insider’s View on Field School.
      Field school students at the Bray Site. Each summer Colonial Williamsburg and the College of William and Mary offer two 5-week sessions of an Archaeological Field Methods course.  For the last 3 years the field school has been focused on the Bray Site, a 1760s school for African-American children. ... Continue Reading »
    • Witness Extraordinary Silver in the Cahn Collection
      A temporary exhibition at the Art Museums of Colonial Williamsburg offers a singular perspective on America’s silvermaking tradition. Titled “A Handsome Cupboard of Plate,” the collection showcases 40 rare and beautiful pieces selected from the collection of Paul and Elissa Cahn. This week on the podcast, Curator Janine Skerry describes the collection as an […]
    • Throwback Thursday: The Fifes & Drums
      The Colonial Williamsburg Fifes and Drums – also known as the Field Music of the Virginia State Garrison Regiment – carries forward the tradition of military music. Since 1958, visitors in The Revolutionary City have enjoyed the musical performances and experienced the history of America’s Revolution. Colonial Williamsburg’s field musicians are drawn from a […]
    • Understanding Slavery and African American History through Archaeology: The Challenges and Rewards
      Archaeology plays a role in many research areas at Colonial Williamsburg, but it is an especially important component in our interpretation of slavery and African American history. Through its focus on the tangible remains of a people whose past is largely underrepresented in documents, archaeology is opening a wider window for us to examine the ... Continue […]
    • From the Garden: Of Cup Plants and Rosinweed
      Two of the garden giants are now in bloom. The Cup Plant, known in Latin as Silphium perfoliatum towers nearly 12 feet tall at the back of the herbaceous border.  It is so named because the large triangular leaves are perforated by the stem, forming a cup in which water collects for the benefit of ... Continue Reading »
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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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