Local Economy Category Archives
Another Outrageous Waste Of Taxpayer Dollars
10 February 2010 | National Politics, Local Economy | 10 Comments
When IndyMac was shut down by the FDIC, the assets were sold off at a steep discount to a bunch of Democratic Party insiders. As part of the deal, the FDIC guaranteed to cover creatively-calculated “losses” allowing banks to reap rich taxpayer-subsidized profits in a way that actually encourages banks to foreclose rather than work […]
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Locally: $3.8 Million Per Stimulus Job
6 January 2010 | National Politics, Local Economy | 4 Comments
If it weren’t bad enough that taxpayers shelled out over five million dollars to “save or create” one-tenth of one job in Orange, Virginia, it turns out that we’ve been funneling money to zip codes in Virginia that don’t even exist, according to the Old Dominion Watchdog. The “stimulus” program has clearly devolved into a […]
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Property Assessments Arrive
24 March 2009 | Local Economy | 96 Comments
Property assessments in Prince William County arrived in resident’s mailboxes today, and more than a few are rather surprised, given the emails I’ve been getting. Drops of more than $100,000 are common, shaving off 30% or more of a home’s assessed value. While the decreases were expected, seeing the actual numbers show up is a […]
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Residential Market Update
12 December 2008 | Local Economy | 21 Comments
Our local residential real estate market started a remarkable turnaround starting last June that is still going strong. The chart at left shows the change in the supply of houses on the market in Prince William County, Manassas and Manassas Park starting in May which has steadily declined through December 1st. The number of houses […]
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Prince William Tops Real Estate Market For Sixth Straight Month
13 August 2008 | Local Economy | 48 Comments
This is starting to fall out of the category of “news”, but Prince William County and Manassas once again was by far the hottest residential real estate market in Greater Northern Virginia in July, with year-over-year sales up 103% over July of 2007. Culpeper County came in second with a 25% increase, and nowhere else […]
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Hard Times On Route 234
29 July 2008 | Local Economy | 92 Comments
Oh, what a happy day. Hard Times Cafe is getting ready to open on Route 234 near Sudley Manor Drive in what used to be a Korean mafia owned place called “Sharpshooters”. For a while that place was having a “gay night” on Thursdays, and was the scene of several large brawls connected with their […]
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Prince William Real Estate Outperforms Again
11 July 2008 | Local Economy | 22 Comments
The upswing in residential sales continues for June, with the Prince William County area leading the Northern Virginia region for the sixth straight month. Prince William County sales in June were up 82% over 2007, Manassas Park City sales were up by 116%, and Manassas City sales were up a huge 178%. The Prince William […]
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How The MJM Reports (Their) Bad News
17 June 2008 | Local Economy, Prince William County | 21 Comments
The MJM reports today on the improving residential real estate market in Prince William County, acknowledging that sales are up and foreclosures are down, and even discloses that Prince William County’s market recovery significantly outpaces what is happening elsewhere in Virginia. If readers were looking for some sort of narrative to help them understand all […]
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But Can The Employees Speak English?
16 June 2008 | Local Economy | 94 Comments
On Route 28 in Yorkshire, there used to be a grocery store called “Il Primero Mercado”. Now that building is being re-branded as “Shoppers International” in an effort to broaden their market appeal beyond simply the shrinking market segment in the area that can only speak Spanish. As businesses learn that utter dependence on […]
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Foreclosures Plummet In Prince William County
13 June 2008 | Local Economy | 14 Comments
The DC Examiner reports that mortgage foreclosures declined 15% in Prince William County in May, in what may appear to be a long-awaited improvement in a key component of the residential real estate meltdown that started in 2005. While the county still retains the number one spot in mortgage foreclosures in the state, this is […]
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Prince William Outperforms Again
12 June 2008 | Local Economy | 36 Comments
The local residential real estate market continued to heat up in May, with the number of sales in Prince William County and Manassas leaping 69% over May of 2007 according to MRIS. This makes four back-to-back months of increasing sales, and the fourth straight month where Prince William has outperformed all other jurisdictions in Northern […]
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Residential Real Estate Sales Jump 130% in April
16 May 2008 | Local Economy, Prince William County | 42 Comments
The Washington Times’ Friday Home Guide singles out Prince William County once again for experiencing a dramatic rise in residential real estate sales, marking another month of standout performance for the county’s local economy. Not only did more residential units sell in April of 2008 over April of 2007, but residential sales outperformed April of […]
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Illegal Aliens And The Sub-Prime Mortgage Meltdown
13 May 2008 | Local Economy, Illegal Aliens | 24 Comments
Michelle Malkin takes a peek at the connection between illegal aliens and the sub-prime mortgage meltdown on her site today, stringing together a pretty substantial body of evidence that confirms what many of us in Prince William County have suspected for so long: that the real estate bubble was largely fueled by identity and credit […]
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Prince William Real Estate Market Jumps Again
12 May 2008 | Local Economy | 16 Comments
April’s residential real estate statistics are out for April, and Prince William County area remains the market hotspot in Northern Virginia. While in Northern Virginia as a whole sales are down almost 11% over April of 2007, in Prince William sales continue to climb. That seems to be happening particularly in some of the areas […]
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Prince William: The Hottest Real Estate Market In NOVA
3 May 2008 | Local Economy, Illegal Aliens | 75 Comments
Even the Washington Post has noticed: the residential real estate market in Prince William is heating up, and the crackdown on illegal immigration is a contributing factor to this positive development:
The cost is what brought Joe Munsell from Springfield to Bristow. A renter for the past four years, Munsell said he was attracted to the […]
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More Abusive Behavior From Comcast
3 May 2008 | Local Economy | 30 Comments
Michael at “The Write Side Of My Brain” describes yet another example of Comcast’s legendary abuse of their customers in a story today, detailing his own experience with unreliable service, poor customer service, and ultimately blackmail against those who decide to cease their relationship with this corporate atrocity. It amazes me that Comcast retains any […]
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PotNews: Good News A Cause For Concern
25 April 2008 | Local Economy | 1 Comment
Well after being scooped by the Washington Times and BVBL, the Potomac News is finally reporting on some developments in the residential real estate market that counter their habitual drumbeat of doom-and-gloom economic reports. Monthly home sales in Prince William County are up over 2007, and Prince William County is the only Northern Virginia jurisdiction […]
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A Real Estate Market Turnaround In Prince William
18 April 2008 | Local Economy | 28 Comments
For the second month in a row, the residential real estate market in Prince William County seem to be bucking the regional trend of a continued decrease in the number of existing home sales according to an article in today’s Washington Times. In February, Prince William County was the only jurisdiction to not see a […]
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Local Chamber Jumps On The Tax Hike Bandwagon
4 April 2008 | Local Economy, Prince William County | 27 Comments
At the same time the business community is reacting to a fairly significant commercial property tax hike in the county, the Prince William Regional Chamber of Commerce is trying to develop a rationale for advocating new taxes that would affect businesses in the upcoming special session of the General Assembly in Richmond this summer. The […]
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Let’s Have A Party!
1 April 2008 | Local Economy, Blogs | 17 Comments
The folks over at 9500 Liberty antibvbl have joined together in an effort to support the business community in Prince William County by having a party at El Portal restaurant in Woodbridge this Friday. This is a good idea, and I encourage readers to go. I understand the food […]
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