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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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    • Guest Blog: A Look at Love Through the Ages
      Love is a powerful emotion. It can build us up, and tear us apart. Love is universally experienced in many forms, and many ways. I genuinely believe this emotion influences how we perceive history. Time and time again, love (or a lack thereof) has affected the choices people make. In this way, we are connected...Read More »
    • Guest Blog: There Was No January “Pause” for Interpreters!
      This January, the Historic Area of Colonial Williamsburg essentially closed down. In the past, front-line interpretive staff was laid off for approximately 4 weeks over the months of January & February, while the Historic Area operated on a lower staff, and buildings closed for 1-2 weeks at a time for a ‘deep cleaning’, repairs, etc....Read More » […]
    • Walk On! What I Learned Tagging Along for a Session of Coach Driver’s Ed
      I’ve got a 15-year old son who will be driving soon, so when I had the opportunity to see how Colonial Williamsburg was training coach drivers, I jumped at the chance. Steve Holm, who has been working with horses and driving coaches for half a century, was in town to evaluate the driving skills of...Read More »
    • 5 Common Misconceptions about Slavery in Colonial Virginia
      Slavery is a sensitive topic that can be difficult to talk about. But that awful chapter in our history is part of who we are as Americans. We need to reckon with that history honestly. That’s why I asked Harvey Bakari, Manager of African American Initiatives, what he considered some of the most common misconceptions he...Read More »
    • We the People: A Response to Our Super Bowl Ad
      In the days leading up to the Super Bowl, Colonial Williamsburg released an extended online version of its advertisement through its various social media channels. The ad garnered thousands of likes and shares alongside hundreds of positive comments within the hour. Youtube reviews alone ran 10-1 in favor of the ad. Its popularity, and the discussion of the […]
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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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