Loudoun home sales, foreclosures pick up

418 homes were sold while 401 home loans went into foreclosure in March keeping industry experts wary of what amounted to a 67% increase in sales over February. Most observers attribute the increase to pent up demand accumulated during snowmaggedon 2010.

While not scientific we’ve noticed a high rate of SOLD signs in the South Riding neighborhood so we’re keeping our fingers crossed that it isn’t simply Ron Rush placing SOLD signs in yards to create the illusion things are popping. Either way, it’s nice to see SOLD signs… reminds us of the good ole days.