Local Economy Category Archives
You’d think that if you wanted to find an organization dedicated to free markets, free enterprise and the tremendous benefits of capitalism to a country and its people, your local Chamber of Commerce would be the place to look. After all, the members of a local Chamber of Commerce simply wouldn’t exist without all of […]
The Wikimedia Foundation has announced that it is moving hosting of their main technical operation, including Wikipedia, to a data center in Ashburn, Virginia from their current hosting provider in Florida. Wikimeda explains that “this is intended to improve the technical performance and reliability of all Wikimedia sites, including Wikipedia,” which is a pretty big compliment to […]
Guest commentary by Bob Pugh, candidate for the Republican nomination for Coles District Supervisor.
A surprising, but welcome new phenomenon is being seen here and there; only a little at first but hopefully something that will grow. It is insourcing of jobs and bringing them back to America. This article on CNN’s website today cites some […]
The Pizzeria Uno’s in Manassas is holding fundraisers so illegal alien day laborers in Centreville can have a government-approved facility that will facilitate violations of our labor and immigration laws. That’s too bad. I really used to like going there.
Remember all those dire warnings about how the Rule of Law Resolution was going to destroy the local economy and wipe out the local real estate market? Here’s a shocker — the open borders leftists were wrong. I know, it’s quite a surprise, given their track record.
But one of the four areas where housing prices […]
The President was speaking about how the stimulus supposedly had created or saved ninety-bazillion jobs so far, and that prompted me to take a look at the ever-amusing data from recovery.gov to see what Obama has been “stimulating” in my neighborhood. Right at the corner of Sudley Road and Lomond Drive there’s a Pollo Campero […]
Chairman Corey Stewart sent out a press release today saying a big announcement will be made on April 13th that involves a new museum locating in the county. The press release also mentions “tanks, half tracks, jeeps and other pieces of historic wartime equipment on display.” Not many national museums feature armored vehicles and might […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]