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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

    • Plan Your December Visit with This Guide to New Seasonal Programs, and a Few Classics!
      People from all walks of life are drawn back to Williamsburg again and again because it represents a common bond of shared history and traditions. But that doesn’t mean we can’t make some space for the new. Here’s a sampling of 2016 debuts and a few old favorites. There are far too many programs to include everything...Read More »
    • A Holiday Gift Guide for the Animal Lover in Your Family
      From this beautiful colonial cookie jar to unique silver charms to children’s books and stuffed animals… we offer several Colonial Williamsburg-inspired gifts for the animal lover in your life. I put together my list of favorites that caters to a variety of budgets. Check it out and see what you think! Charming Choice $24 Charm bracelets...Read More » […]
    • A Holiday Gift Guide for Foodies
      If your gift list is peppered with friends and family that “have it all”—then today’s guide is for you. After all, who doesn’t love food? Check out our top 10 unique 18th-century inspired gifts for the foodie in your life. 1. Old Stitch Mustard, Mad Mary Tomato Catsup And Jane Vobe’s Tomato Conserve Set ($15.95) 2....Read More »
    • The Insiders Guide to Grand Illumination 2016
      On Sunday, Dec. 4, we’ll be welcoming the season with Grand Illumination, one of Colonial Williamsburg’s most magical—and popular—evenings. We hope you’ll join us for the lights, music, and fireworks. Here are some tips to help you make the most of it! First off, don’t miss the chance to snag the best seat in the house for...Read More »
    • Decorate Your Tree With Colonial Williamsburg Christmas Ornaments!
      I realize some of you may think it’s still too early to talk about Christmas. After all, we just celebrated Thanksgiving. But in our house, it’s tradition to shift from turkeys to trees this weekend. We love picking out a live tree and one of my favorite parts is of course unpacking all of the...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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