Where Do You Want To Call Home?
April 16, 2008
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Leesburg
$349,000
3 Bed, 3.5 Bath
NO HOA
Round Hill
$374,900
4 Bed 2.5 Bath
Farm House
Leesburg
$950,000
4 Bed, 4.5 Bath Amazing Custom Home
Leesburg
$1,100,000
5 Bed 5.5 Bath
8800 sq ft, 3.5 acres
South Riding
$418,250
3 Bed, 2.5 Bath
2,500 sq ft
Beautiful Home!
Leesburg
$4,725,000
21 to 27 acres
Zoned TR-10
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Guidelines for Refund of Northern Virginia Transportation Authority Grantor’s Tax
The 2007 Virginia General Assembly passed a bill that required the clerks of the circuit court in Northern Virginia to collect a regional congestion relief tax, also known as the transportation authority grantor’s tax, for the Northern Virginia Transportation Authority. This law required the collection of the regional congestion relief tax for all deed recorded with the clerk starting on January 1, 2008. In late-February 2008, the Virginia Supreme Court ruled that the law requiring the collection of this tax was unconstitutional. In light of the Supreme Court’s ruling, the 2008 Virginia General Assembly passed House Bill 1578 which requires the refund of the regional congestion relief tax. Read the full story. More information at www.loudou.gov
Smaller Floor Plans in Big Demand
American’s appetite for big homes and over-sized furniture appears to be shrinking.
New-home buyers began asking builder KB Home for smaller floor plans right after the collapse in subprime lending last year, says CEO Jeffrey Mezger.
The demand for a huge, high-ceilinged great room is giving way to the desire for special-purpose rooms, including media rooms and home offices, says a spokesman for luxury specialist Pulte Homes.
In three of its four new sofa collections, Younger Furniture is offering "apartment size" sofas, which are about 10 inches shorter than full-sized ones. Citing a trend toward smaller homes, Rowe Fine Furniture says it expects its Mini Mod line will account for a quarter of its collection this fall.
"They're finally getting it," says Jodi FitzGerald, owner of Door Store Furniture, an 11-store retail chain in metropolitan New York that specializes in small-scale furniture. She estimates the number of smaller offerings has grown by about a third over the past year.
Source: The Wall Street Journal, Nancy Keates (03/21/2008)
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