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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

    • Photo Essay: Professional Tips from Two Nat Geo Photographers!
      Our Assignment: Tell the Williamsburg story through photography Our time frame: 48 hours Our instructors: Jennifer Davidson and Krista Rossow from National Geographic Day One began at o’ dark hundred as our group of four met our instructors to begin our first step—capturing Colonial Williamsburg at sunrise.  As luck would have it, there was a...Read More » […]
    • Why That Skeleton in the Apothecary Is Worth a Closer Look
      Peek into the back room of the Pasteur and Galt’s Apothecary and you’ll find its most standoffish resident. Which is understandable, because while he may be articulated, he can’t talk, seeing as he’s a skeleton. But this is no ordinary bag of bones. In fact, this may be the most authentic, possibly only, reproduction 18th-century...Read More »
    • Photo Essay: Autumn in Colonial Williamsburg
      It’s official! The weather is finally in agreement with our calendars. Temperatures were in the 60s this past weekend and it looks like we have finally bid farewell to the lingering summer humidity. Now, it’s time to look forward to the beautiful changing leaves, glow of the cressets, warmth of our hot apple cider, and...Read More »
    • Shark’s Teeth, Dragon’s Toes, and a Pinch of Seaweed: Just a Day at the Office for Our Costume Designers
      Who knows what evil lurks in the hearts of our Halloween monsters? Tom Hammond does. From a rough story line and a few beastly names, Tom and his colleagues in the art of costuming sketched, selected, and sewed the outfits and accessories for an assortment of ghastly characters. Many favorites from last year will return....Read More »
    • The General’s Gambit: George Washington Challenges Patrick Henry on Duty and Patriotism
      Most Americans (I suppose, perhaps too optimistically) can identify, “Give me liberty or give me death!” as the words of Patrick Henry. Leaving aside the question of whether those were his precise words delivered during the Second Virginia Convention in 1775, how many Americans know what Mr. Henry did after the Revolution? The answer is...Read More » […]
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    5524 Pennington Place

    5524 Pennington Place

    5524 Pennington Place

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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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