Friday, November 20, 2009

2009 H1N1 Swine Flu Information

Swine flu, also known as 2009 H1N1 type A influenza, is a human disease that spreads from person to person; not from pigs.

Symptoms are similar to the common flu and include fever, cough, sore throat, runny nose, body aches, headaches, chills, and fatigue. These are common signs of other conditions as well, so a test is really needed to know if you indeed have the H1N1 virus.

At risk persons who may come into contact with the swine flu are those who are pregnant or have asthma, lung disease, diabetes, heart disease, neurological disease, immune suppression, or other chronic conditions.

Healthy people who becoming infected with swine flu that do not have to take care of a children are expected to pull through just fine after a couple miserable days. But be aware of any warning signs of severe disease such as trouble breathing or getting worse after feeling better. While sick you should stay home, always cover your mouth and nose with a tissue while coughing or sneezing and immediately throw it into the trash, and wash your hands. If you must be around others, it's a good idea to wear a surgical mask.

Swine flu, like the common flu, is spread by coming in contact with airborn droplets from a cough or sneeze or touching a surface that has been contaminated by a cough or sneeze with H1N1 present and then touching your eyes, nose, or mouth. This is why washing your hands is very important even if you are not sick.

Anti-viral drugs Tamiflu and Relenza are effective when used within 48 hours of contact with the swine flu, but their use is not usually necessary.

A vaccine is being made in large quantities and shipped as soon as possible but demand is expected to outstrip supply for most of fall 2009. By the end of January 2010, every U.S. resident who wants the vaccine should be able to get it.

http://www.webmd.com/cold-and-flu/swine-flu/default.htm

The Mike Webb Team: www.northernvirginiahouses.com

Thursday, November 19, 2009

2010 FIFA World Cup

Yesterday the final six nations qualified for the 2010 FIFA World Cup in South Africa this summer. The World Cup, an international soccer tournament, occurs every four years and is the world's biggest sporting event. Here is the list of 32 nations that qualified for the 19th World Cup finals (Current FIFA World Ranking in parenthesis):

Asia [AFC]: Australia (24), Japan (40), Korea DPR (91), Korea Republic (48)

Africa [CAF]: Algeria (29), Cameroon (14), Ghana (38), Ivory Coast (19), Nigeria (32), South Africa (85)

North, Central America and Caribbean [CONCACAF]: Honduras (35), Mexico (18), USA (11)

South America [CONMEBOL]: Argentina (6), Brazil (1), Chile (17), Paraguay (21), Uruguay (25)

Oceana [OFC]: New Zealand (83)

Europe [UEFA]: Denmark (27), England (7), France (9), Germany (5), Greece (16), Italy (4), Netherlands (3), Portugal (10), Serbia (20), Slovakia (33), Slovenia (49), Spain (2), Switzerland (13)

Notable Nations That Did Not Qualify: Croatia (8), Russia (12), Czech Republic (15), Ukraine (22), Bulgaria (23), Israel (26), Egypt (28), Columbia, (30/T), Northern Ireland (30/T).

The Mike Webb Team: www.northernvirginiahouses.com

Wednesday, November 18, 2009

Homebuyer Tax Credit FAQ's

Here are some of the most frequently asked questions on the changes to the Homebuyer Tax Credit

Question: Existing homeowner credit: Must the new house cost more than the old house?
Answer: No. Thus, for example, individuals who move from a high cost area to a lower cost area who meet all eligibility requirements will qualify for the $6500 credit.

Question: I am an existing homeowner. On October 25, 2009, I signed a contract to purchase a new home. I have lived in my current home for more than 5 consecutive years and am within the new income limits. I will go to settlement on November 20. If President Obama has signed the bill by the time I go to settlement, will I qualify for the new $6500 tax credit?
Answer: Yes. The existing homeowner credit goes into effect for purchases after the date of enactment (when the bill is signed). There is no reference to the date of contract for the new credit. The provision looks solely to the date of purchase, which is generally the date of settlement.

Question: I am a firsttime homebuyer but was not within the prior income limits at the time I
entered into my contract to purchase on October 30, 2009. I will be covered, however, by the new income limits. If the new rules have been signed into law by the time I go to settlement, will I be eligible for a credit?
Answer: Yes. The new income limitations go into effect as soon as the President has signed the bill. The income limit and other eligibility rules will look to your status as of the date of purchase, which is the settlement date. So if the new rules have been signed when you go to settlement, you should be eligible for the credit (or a portion of the credit if you're within the phaseout range).

Question: I am an eligible existing homeowner. I have a fair amount of equity in my home. I
have found a home with a nonnegotiable price of $825,000. Will I be able to use any of the $6500 tax credit?
Answer: No. The $800,000 cap on the cost of the purchased home is firm at $800,000. Any amount above $800,000 makes the home ineligible for any portion of the credit. The $800,000 is an absolute ceiling.

Question: I owned my home for 10 years, but sold it two years ago year and have been renting since. If I purchase a home, will I be eligible for the $6500 tax credit if I meet all the other eligibility tests?
Answer: Yes. Because you lived in the home for more than 5 consecutive years of the previous 8, you will qualify for the $6500 credit. For example, Say John and his wife bought a home in 2000 and lived there until 2008 when he got a divorce. Whether John has been renting or bought in the interim, he WOULD INDEED be eligible for the credit because he owned a home and occupied it as his principal residence for 5 consecutive years out of the last 8 years. The keyword here is "consecutive." As long as he lived in that house for 5 years straight what he did since 3 years doesn't impact eligibility.

Question: I am an eligible firsttime homebuyer. I entered into a contract to purchase on
November 1, 2009. Do I have to go to closing before December 1? How does the extension date affect me?
Answer: You do not have to close before December 1. Once the legislation has been signed, it will be as if the Nov 30 date had never existed. Therefore, so long as the contract settles before April 30 (or July 1, worst case), the purchaser will be eligible for the credit.

NAR Frequently Asked Questions: Homebuyer Tax Credit Changes

The Mike Webb Team: http://www.northernvirginiahouses.com/

Tuesday, November 17, 2009

Is Washington Becoming a Seller's Market?

Guy Wolcott, co-founder of Sawbuck.com, the online brokerage based in D.C., shared some local inventory numbers with me recently. Looking at the inventory of homes listed for sale on the local multiple listing service, Metropolitan Regional Information Services, the cupboard is pretty bare in spots.

At the current sales pace, Manassas Park City has just 1.3 months' worth of listings. Manassas City, just 1.4 months. Falls Church City, 2.1 months; and Fairfax County just 2.7 months. Arlington County has 3.9 months.

The rule of thumb says 6 months' inventory marks a balanced market--favoring neither sellers nor buyers. According to the MLS data, the Washington metro area as a whole has only 4.5 months supply available--making it a bit of a seller's market. The District, proper, has 5.1 months' supply.

Montgomery County has only 3.8 months' supply, but with that exception, Maryland still has enough inventory that favors buyers. Prince George's County has 8.1 months' supply, and the Maryland suburban counties, combined, have 8.4 months' supply.

http://voices.washingtonpost.com/local-address/

The Mike Webb Team: www.northernvirginiahouses.com

Monday, November 16, 2009

Football Sunday's

Not sure where to go to watch your favorite football team? You should definitely check out Crystal City Sports Pub on 23rd Street. Boasting three floors of dining area, bar seating, and over 100 televisions, this is a Mecca for from-out-of-town football fans on the holy day of Sunday. I met up with a few friends yesterday in order to watch the Buffalo Bills play the Tennessee Titans. I found out that the owners Bill Payne, Bill Daughtry, Jim Madden, and John Finlay have created a neighborhood sports bar for everyone's neighborhood.

As they show every game on the screens that litter the walls the crowd is quite diverse. Chances are that you will be perched near someone wearing your teams jersey (2 tables away), as well as someone wearing the colors of the opponent (next table over).

The food was good, well-portioned (I had Buffalo-style chicken fingers that came with steak fries), and reasonably priced ($7.89). They also have a decent range of brews to choose from. I didn't actually look at a beer list because as walked past the taps I noticed they had one of my favorite ale's, Smithwick's, on tap. In passing, and among others, I also saw Leinenkugel's Classic Lager, Yuengling Lager, Hook & Ladder Lager, Guinness Stout, and the standard American domestics (Bud Light, Miller Lite, Coors Light...). There's not "something for everyone" but, much like the fans in attendance, there is a good variety.

Crystal City Sports Pub: http://www.ccsportspub.com/index2.html

The Mike Webb Team: www.northernvirginiahouses.com

Friday, November 13, 2009

Stormin'

With the weather being what it has been all week, I decided today I would put together a listing of songs about rain, storms, bad weather, etc. A playlist of sorts, entitled "STORMIN" and it goes as follows:

Rain When I Die (Alice in Chains); Soulshine (Allman Brothers Band); No Rain (Blind Melon); Shelter from the Storm (Bob Dylan); Comin' in from the Cold (Bob Marley & the Wailers); Have You Ever Seen the Rain? (Creedence Clearwater Revival); JTR (Dave Matthews Band); Let it Rain (Eric Clapton); I'm Only Happy When it Rains (Garbage); November Rain (Guns 'n' Roses); Fire and Rain (John Denver); Fool in the Rain (Led Zeppelin); I Can't Stand the Rain (Missy Elliot); Purple Rain (Prince); Naked in the Rain (Red Hot Chili Peppers); Riders on the Storm (The Doors)

***For Optimal Listening Pleasure, Listen During Rainstorm On a Covered Porch***

www.northernvirginiahouses.com

Thursday, November 12, 2009

IMAGE/PROJECT

The Arlington Arts Center's upcoming juried photo and video show is entitled IMAGE/PROJECT. The AAC received entries from across the nation—from New York, to Chicago, to Los Angeles, and all points in-between. From that pool, internationally recognized artist Taryn Simon selected thirteen artists working in photography and five video artists to be featured in our galleries. The show will open on Friday, November 20, with a reception from 6:00 pm to 9:00 pm. The event is free and open to the public.

List of finalists: Morgan Ashcom (Free Union, VA); Leslie Awender (Topanga, CA); Jason Burch (Jersey City, NJ); Judith Connell (Falls Church, VA); Elizabeth Crisman (Baltimore, MD); David Hartwell and Josef Jacques (San Francisco, CA); Jason Havneraas (Brooklyn, NY); Linda Hesh (Alexandria, VA); Jaime Kennedy and Kelly Urquhart (Kent, OH); Alma Leiva (Miami, FL); Karen Ludlam (Brooklyn, NY); Jeroen Nelemans (Chicago, IL); Minou Norouzi (Los Angeles, CA); Nicholas O’Brien (Chicago, IL); Adam Pape (Chicago, IL); Laurie Rubin (Chicago, IL); Michael Wallace (Cleveland, OH)

http://www.arlingtonartscenter.org/aacnetwork/finalists-imageproject-announced

Also visit http://www.northernvirginiahouses.com/.

Wednesday, November 11, 2009

Veterans Day

National Veterans Day Ceremony

The Veterans Day National Ceremony is held on November 11th at Arlington National Cemetery. At 11:00 a.m., a color guard, made up of members from each of the military services, renders honors to America's war dead during a tradition-rich ceremony at the Tomb of the Unknowns. The ceremony takes place inside the Memorial Amphitheater.

The Veterans Day National Committee also selects a number of regional sites for Veterans Day observances throughout the country. From stirring parades and ceremonies to military exhibits and tributes to distinguished veterans, these events serve as models for other communities to follow in planning their own observances.

http://www1.va.gov/opa/vetsday/

Visit The Mike Webb Team at www.northernvirginiahouses.com.

Tuesday, November 10, 2009

Tax Credit Dealine for Home Buyers Extended

The deadline for the federal tax credit to first time home buyers has been extended. The federal government has also included an expansion for prospective buyers that already own a home.


The federal government has extended the $8,000 tax credit to new home buyers, and those who have not owned a home in the last three years, when they sign a contract to buy a home before April 30, 2010. Congress also added a $6,500 tax incentive to those buyers who currently own a home and have lived there for the last five years.

Monday, November 9, 2009

NAR to Launch HouseLogic Website

The National Association of Realtors is planning to unveil a new consumer website called HouseLogic on November 12th. This presentation will be shown at the NAR's Annual Conference and Expo in San Diego. The website is designed to be a go-to resource that will help homeowners protect, maintain, and enhance the value of, for most, their most important investment; their home.

The site will also contain business building tools and information for realtors as well as content designed to help realtors maintain contact with their clients after the sale.

The site will also allow homeowners and realtors the ability to speak together to federal legislators on public policy issues on which homeowners and the real estate industry have a common interest.

The HouseLogic website will be promoted to consumers beginning February 2010. Until that time it will be in beta and promoted mainly to realtors to become familiar with it and provide feedback to houselogic@realtors.org. Further details will be coming in REALTORS Magazine Daily News and at realtors.org.

http://www.houselogic.com/

Friday, November 6, 2009

Tax Credit to Home Buyers Extended and Expanded

The White House has confirmed that President Obama will sign into law an extension on the federal tax credit to first time home buyers sometime this weekend. The bill, which also includes an expansion for prospective buyers that already own a home, passed in Congress just days ago. The tax credit was due to expire at the end of November, however, members of Congress worked hard to renew the important economic stimulus package.

Congress has extended the $8,000 tax credit to new home buyers by seven months. They also added a $6,500 tax incentive to those buyers who currently own a home and have lived there for five years or more.

http://cbs11tv.com/national/congress.jobs.homebuyers.2.1293300.html

Thursday, November 5, 2009

Distressed Property

When buying a shortsale, forclosed home, or real estate owned (REO or bank owned) property, it is important to have someone experienced in distressed properties working for you. You will need an agent that is current on national and state-specific information and regulations involved with these kinds of transactions, and can limit risk to you, the buyer. "Foreclosures and short sales can offer opportunities for home buyers, but it's extremely important to have the help of a real estate professional ... for these kinds of purchases," said NAR President Charles McMillan.

If you are selling a distressed property, you want an agent that can direct you to finance, tax and legal sources. It is also important to have someone in your corner that can help you qualify for short sale and negotiate with lenders.

If you are looking into buying or selling short sale, foreclosure, or real estate owned property make sure that you have an experienced realtor working for you, and make sure that they are specifically certified to handle distressed property transactions.

http://realtytimes.com/rtpages/20091105_agent.htm

Wednesday, November 4, 2009

Ronald Reagan Washington National Airport

Ronald Reagan Washington National Airport, commonly known as National, Washington National, Reagan, Reagan National, or DCA, is located in Arlington, Virginia and is the nearest commercial airport to Washington, D.C.; located 3 miles south of the central business district.

Built in 1940 by the federal government, it was originally called Washington National Airport, but was renamed to honor former President Ronald Reagan on his 87th birthday in 1998 by President Bill Clinton. It is owned by the Metropolitan Washington Airports Authority.

The airport is a focus city for U.S. Airways, which has near hourly flights to LaGuardia Airport (New York City) and Logan International Airport (Boston).

Reagan National has U.S. immigration and customs facilities for corporate jet traffic only, therefore it only recieves internation flights from airports with U.S. Customs and Border Protection preclearance (Nassau, Bermuda, and most major airports in eastern Canada).

You can get to DCA by flight (obviously), subway (via Ronald Reagan Washington National Airport Metro station), taxi (all fare is now metered), shuttle (door-to-door service available), or road (via George Washington Memorial Parkway or U.S. Route 1).

http://www.mwaa.com/national/

Tuesday, November 3, 2009

The Metro

The MetroRail (commonly referred to as the Metro) is the rapid transit system used in the Washington D.C. area. It is administered by the Washington Metropolitan Area Transit Authority (which also operates MetroBus). It services Montgomery County and Prince George's County in Maryland as well as Fairfax County, Arlington County, and the City of Alexandria in Virginia.

Since 1976 it has grown to include 5 lines (with a 6th in the construction stages), 86 stations, and 106.3 miles of track. It is the 2nd busiest transit system in the United States, after the New York City Subway. In 2008, 215.3 million trips were taken on the MetroRail.

Passengers enter and exit the transit system using a wallet sized, stored value, paper card with a magnetic-strip. Frequent riders often use a SmarTrip proximity card. Fares vary on time of day and distance travelled.

http://www.wmata.com/

Monday, November 2, 2009

D.C. United 2009

The 2009 season is over for D.C. United. The Washington D.C.-based professional soccer team missed the MLS Cup Playoffs as the season ended last week, on goal difference alone. As we wait for (there's always...) next season at RFK Stadium, let's take a look back on the season that was.

D.C. United's coach for the 2009 season was Tom Soehn, at 43 years old he has been an assistant under Bob Bradley (current coach of the U.S. Mens National Team) and Peter Nowak (assistant to Bradley and coach of the U.S. Mens U-23 National Team). He has also been a manager with the Chicago Fire.

In January, for the 2009 MLS SuperDraft, United selected midfielder Rodney Wallace from the University of Maryland with the 6th overall pick. In his rookie season Rodney made 28 appearances and scored 3 goals. Also chosen by United were Chris Pontius (7th overall; midfielder/forward; UC Santa Barbara), Milos Kocic (21st overall; goalkeeper; Loyola College in Maryland), Lyle Adams (26th overall; defenseman; Wake Forest University), and Brandon Barklage (36th overall; midfielder/forward; Saint Louis University).

The team's statistical leaders over the past year have been Luciano Emilio (4 goals), Bryan Namoff (3 assists), and Josh Wicks (19 appearances in goal). The side was captained by Jaime Moreno. The Bolivian has played in 308 games for United during his career.

The team eventually finished 10th overall in the MLS, were eliminated from the CONCACAF Champions League in the group stage, and finished 2nd in the Lamar Hunt U.S. Open Cup.

We look forward to seeing what they can do in their 15th season during 2010.

http://www.dcunited.com/