This column is written and sponsored by Arlington Arts / Arlington Cultural Affairs, a division of Arlington Economic Development.

Now in its 28th year, the Rosslyn Jazz Festival is one of Arlington County’s signature events, annually drawing thousands to hear internationally-renowned musical artists.

Presented by the Rosslyn Business Improvement District (BID) and co-sponsored with Arlington’s Cultural Affairs Division/Arlington Arts, the partnership harnesses the respective strengths of the locally-focused non-profit and Arlington County Government to maximum effect.

“Having a thriving arts and culture scene is key to attracting a residential base and workforce that are vital to the business community today,” said Mary-Claire Burick, president of the Rosslyn BID. “We’re in a competitive region, and collaborating with local organizations like Arlington Arts to host one of the region’s largest festivals gives us an edge when we’re talking to businesses that are looking to relocate or expand in Rosslyn.”

Most of the on-the-ground logistics, such as permitting, promotion and vendor area coordination, are led by the BID. Using their formidable network of staff, volunteers and community connections, the BID transforms the three-acre Gateway Park and the surrounding thoroughfares into a safe, smooth-running festival-site, stocked with some of the area’s top food trucks with options to engage the entire family.

While the County had always provided production and marketing support, since 2001 the programming team at Arlington Arts expanded their role to oversee all elements of the on-stage production and curating the musical line-up. Re-envisioning the festival to highlight more national and international touring artists, attendance quickly rose from 1,200 to an average 7,000 annually.

“Like jazz itself the festival has evolved,” says Josh Stoltzfus, who programs the Festival, as Director of Cultural Development for Arlington Arts. “During the past several years, we’ve been incorporating a more diverse array of music to feature critically acclaimed global music, soul, funk and all manner of jazz-related expression.”

Last year, the festival enjoyed one of its best years to-date, drawing more than 10,000 attendees. It’s not unusual to see audience members who travel from as far away as Philadelphia, Raleigh or Chicago for the event, all of which benefits Arlington’s restaurant and hotel industry as well.

Free and open to the public, this year’s Rosslyn Jazz Festival takes place on Saturday, September 8 from 1-7 p.m. at Gateway Park, 1300 Lee Highway (2 blocks from Rosslyn Metro, at the foot of Key Bridge). For information, visit www.rosslynva.org/jazzfest or arlingtonarts.org.

For 2018, the Rosslyn Jazz Festival continues to pack a serious artistic wallop:

Cory Henry & The Funk Apostles (5:30 p.m.) — Uniquely blending blues, soul, R&B, Afrobeat, gospel and jazz, NPR calls two-time Grammy award winner and former Snarky Puppy keyboardist Cory Henry “a master” and says his “musical charisma is a match for a nearly 400 pound [Hammond B-3] organ.”

Orquesta Akokán (3:45 p.m.)  Listening to Orquesta Akokán’s debut on Daptone Records, you feel the spirits of Cuba’s musical giants. Making their DC/Baltimore area debut, you’ll marvel at how this 14-piece big band conveys the power and playfulness of the renowned Latin dance orchestras of the 1940’s and 1950’s yet still manage to sound fresh and new.

True Loves (2:20 p.m.) — Seattle’s eight-piece instrumental soul group makes their East Coast debut. John Rickards of KEXP calls them one of the city’s best bands. “It’s the soundtrack to that car chase you’ve always wanted to be in,” he says.

Aztec Sun (1:00 p.m.) — Known for their infectious songwriting and rhythmic versatility, Aztec Sun has twice landed a top spot on Washington City Paper’s coveted “best of” list. Modeled in the funk and soul traditions, they’re a go-to band for live events and house parties in the D.C. area.


Each week, “Just Reduced” spotlights properties in Arlington County whose price have been cut over the previous week. The market summary is crafted by licensed broker Aaron Seekford of Arlington Realty, Inc. GET MORE out of your real estate investment with Aaron and his team by visiting www.arlingtonrealtyinc.com or calling 703-836-6116 today!

Please note: While Aaron Seekford provides this information for the community, he may not be the listing agent of these homes.

Okay, so I’m a big cycling fan and have to share a pretty cool event hitting Arlington for the first time ever: The Disaster Relief Trials on Sept 29.

In a nutshell, here’s the scoop: It’s a ride that begins and ends at Thomas Jefferson Community Center and participants have to travel throughout the county — on bike! — all while completing disaster relief-related tasks. Groups or individuals can sign up in a variety of categories. There will be food to haul to those in need, tasks to complete, messages to deliver and more… across trails, rough terrain and even water. Oh, and you can’t use a GPS (simulating a true disaster, folks).

Yes, it sounds kinda like The Amazing Race. Plus, if a disaster ever hit our neck of the woods, you’ll be ready to hop on your bike if need be and act (amid the inevitable gridlock).

Catch you out on the trails, friends! And now on to this week’s facts and figures…

As of August 27, there are 194 detached homes, 42 townhouses and 236 condos for sale throughout Arlington County. In total, 43 homes experienced a price reduction in the past week.

Here is this week’s selection of Just Reduced properties:

Please note that this is solely a selection of Just Reduced properties available in Arlington County. For a complete list of properties within your target budget and specifications, contact Aaron Seekford.


This regularly-scheduled sponsored Q&A column is written by Eli Tucker, Arlington-based Realtor and Rosslyn resident. Please submit your questions to him via email for response in future columns. Enjoy!

Question: My husband and I are in the early stages of planning our first home purchase and currently trying to set a budget. What advice do you give clients to help them decide how much of a mortgage they can afford?

Answer: Spend too much and you’ll have a half-empty home for a few years. Don’t spend enough and you may be moving sooner than you hoped. This week we’ll break down some of the conversations I have early on with clients as they’re deciding how much mortgage they can afford.

How Much Are You Allowed to Spend?

I often find that professionals employed in the D.C. Metro are allowed to spend more than they actually want to spend. That’s a good thing! It means we have a lot of highly qualified buyers who have enough fiscal sense not to spend to their limits (ahem… US Government… ahem).

Even so, the first thing you’ll want to do is determine how much you’re allowed to spend by talking with a lender who will provide an honest, detailed review of your finances to let you know what your maximum loan and monthly payment amount is. A good lender will also serve as a valuable advisor as you plan your budget.

Here’s a link to a column I wrote last year with my favorite loan programs including low down payment options, 10% no PMI loans, and doctor loans.

Length of Ownership

I’ve said it before and I’m saying it again — the amount of time you expect to own your home is extremely important in your home-buying strategy and often glossed over.

If you are buying a 3-5 year home (accurate for many first-time buyers) your focus should be on value and keeping your cost down so that you give yourself room to save for your next purchase, which is likely a longer-term home. Your income and inflation are less likely to increase significantly in that time, so an expensive monthly payment now will still feel expensive in 3-5 years.

If you are buying a 10-15+ year home, the greatest value you’ll generate is choosing a home that suits you and your family long-term. The cost of buying something too small or too far from work that leads to a sale halfway through your intended ownership period is often much higher (taxes, commissions, closing costs, moving costs, etc) than the cost of moving into a slightly uncomfortable range of your budget.

Your mortgage payment hopefully won’t feel expensive forever if you’re in the first half of your professional career because you’ll likely have significant increases in income and, over time, the effects of inflation will minimize the stress of your mortgage (if it’s a fixed rate mortgage).

Monthly vs Down Payment

I find that most people based their budget on their savings and thus, the amount they have to put down towards a max purchase price. For some reason, monthly expenses often go overlooked so don’t forget to consider how much you’re comfortable spending each month which includes your mortgage, taxes (assume annual increases), applicable condo or HOA fees and homeowner’s insurance.

This doesn’t include a budget for maintenance and repairs, which should be estimated at an annual expense of 1-2% of your home’s value. Your purchase price budget is like the glamour muscles that everybody pays attention to, but the monthly payments are like your core muscles that support the whole thing… does that make sense to anybody else?

Savings is clearly an important factor in what you can afford. Your savings determines the amount you can put down; although with solid loan products available with as little as 3% down, many buyers qualify for a lot of house with little savings.

In addition to your down payment, you’ll pay 2-3% of the purchase price in closing costs like taxes, fees, insurance, and escrows (closing costs can be paid by the seller). Finally, don’t forget about what you’ll need after you close — moving and furniture add up quickly and you should always have 3-6 months of fixed/living expenses in savings in case of emergency.

Don’t Tempt Yourself

Once you decide on your budget, don’t allow yourself to visit properties that are highly unlikely to drop within your budget. One of the easiest ways to derail your progress is visiting homes 10-20% over budget, leading you to desire features that only exist together in homes you can’t afford. Save the window shopping for another time if you’re serious about buying a home now.

Ultimately, the best way to decide how much mortgage you can afford is to plan ahead by establishing a relationship with a lender and taking enough time to explore your options with an agent who understands the market and your needs.

With enough planning and work, you’ll be able to decide for yourself if the mortgage you can afford gets you the home you want, or if paying rent for another year is better than paying a mortgage.

If you’d like a question answered in my weekly column, please send an email to [email protected]. To read any of my older posts, visit the blog section of my website at www.EliResidential.com. Call me directly at (703) 539-2529.

Eli Tucker is a licensed Realtor in Virginia, Washington DC, and Maryland with Real Living At Home, 2420 Wilson Blvd #101 Arlington, VA 22201, (202) 518-8781.


By Criminal Defense Attorney Sean Barrett with the law firm Billings & Barrett.

Students and faculty across Connecticut participated in a nationwide walkout to protest gun violence in schools. The focus of the walkout was to bring attention to a lack of action on gun laws and also raise awareness and avoid incidents like Sandy Hook and Parkland in the future.

Connecticut has some of the strongest gun laws in the nation. The state has passed a “red flag” law, which allows friends, family and certain medical professionals to file petitions with the court and ask that an order be entered removing firearms from the possession of individuals who are found to pose a present danger to themselves or others.

Additionally, Connecticut requires that anyone seeking to purchase a firearm obtain a permit and all transfers of hand guns and long guns must be authorized by the state, creating a de-facto gun registry. Magazines with capacities in excess of ten rounds are no longer legal to sell or transfer, though their possession has not been outlawed.

In terms of concealed weapons, Connecticut’s laws do not differentiate between the open carry and concealed carry of hand guns, but they do require a permit, regardless of the carrying desire of the individual. The authorities issuing that permit are, based on court decisions, required to issues those permits in the absence of a compelling reason not to do so, but those authorities still have some discretion in making that ultimate determination.

“Running afoul of these laws in Connecticut can be expensive and the punishments can be severe,” said Sean Barrett, a New Haven, Connecticut Gun Crimes Attorney with the law firm of Billings & Barrett. For example, possession of a firearm that has been banned by the state can result in up to three years in prison and up to $500 in fines. Additionally, possession of firearms during the commission of certain felonies can add five, non-suspendable, non-concurrent years to any prison sentence being faced.

Connecticut is a state that takes its gun laws seriously and treats those who violate those laws harshly. If you have been charged with a gun crime in the state, experienced counsel is critical to a positive outcome.


This is a sponsored column by attorneys John Berry and Kimberly Berry of Berry & Berry, PLLC, an employment and labor law firm located in Northern Virginia that specializes in federal employee, security clearance, retirement and private sector employee matters.

By John V. Berry, Esq.

We often meet with individuals that believe that they have been wrongfully terminated from their employer. When dealing with these types of employment issues, it is important to seek out the advice of a Virginia employment attorney knowledgeable in these areas of law.

Nothing is quite the same as being called into a supervisor’s office or to an employer’s HR office (usually on a Friday) only to be informed that their employment has been terminated.

In most cases, the employee is unaware of the pending termination and there is little advance notice. Once notice is given, the person is often quickly escorted out of the office and is faced with both a sense of shock and loss. Many employees are left bewildered, wondering about their rights.

Wrongful Termination Law in Virginia   

Employee terminations in Virginia are considered “at will”, which generally leaves it to the discretion of an employer to terminate an employee for pretty much any reason.

However, if the employer has violated a state or federal law in terminating the employee, the termination can be considered wrongful and there may be potential avenues to challenge the termination. These can include, but are not limited to:

  1. Whistleblowing Reprisal
  2. Discrimination (age, race, sex, national origin, etc.)
  3. Sexual Harassment
  4. Hostile Work Environment
  5. Violation of Employment Contract

Determine Your Legal Options

The first step that a Virginia employee should take if they believe that they have been wrongfully terminated is to make an appointment with a Virginia employment attorney to determine whether or not the action falls into the category of a “wrongful termination.”

It is also important to consult with an attorney to see what steps may be taken to minimize the career damage that has just occurred and whether the action taken may be appealable.

It is usually the case that employees have more options following a termination than are apparent to them initially. The employer may have broken (or bent) federal or Virginia laws with respect to the termination action. If so, then it may be possible to negotiate a resolution on behalf of the employee, with the employer, resolving the matter.

A resolution generally occurs more often when the employee retains an attorney to contact the employer about the inappropriate or illegal nature of an employee’s termination. An attorney may also be able to tell an employee if their termination does not meet the criteria for wrongful termination and offer other strategies.

Conclusion

When facing wrongful termination issues in Virginia it is important to obtain the advice of and representation of an attorney.  Our law firm advises and represents individuals in wrongful termination matters in Virginia and other jurisdictions. We can be contacted at www.berrylegal.com or by telephone at 703-668-0070.

Please also visit and like us on our Facebook and Twitter pages.


Sponsored by Monday Properties and written by ARLnow.com, Startup Monday is a weekly column that profiles Arlington-based startups and their founders, plus other local technology happenings. The Ground Floor, Monday’s office space for young companies in Rosslyn, is now open. The Metro-accessible space features a 5,000-square-foot common area that includes a kitchen, lounge area, collaborative meeting spaces, and a stage for formal presentations.

As student debt continues to mount, Vemo Education is working to build a different way for students to finance some of their tuition bill.

“We consider ourselves a progressive, mission-driven company that’s really trying to expand opportunity and mobility and financial security for students and learners in this country,” Vice President of Policy and Social Impact Andrew Platt said. “We think income-based financing programs [are] going to help do that.”

Income-based student financing programs, also known as income-sharing agreements or “pay as you succeed tuition,” require students to pay back a certain percentage of their income after graduation for a set number of years in exchange for some amount of tuition financing.

“What we do is help universities, colleges and training [programs] build income-based financing programs to eliminate financial barriers for education access, retention and completion,” Platt said.

Vemo Education, which was founded in 2015 and moved to Rosslyn just last month, has worked with over 30 schools to date to build such programs.

Accepting income-based financing as part of an aid package can be preferable to taking out more loans because it reduces the student’s risk, Platt said.

“What’s at the core of this is that it shifts the risk away form students and more towards the school,” he said.

Options to garner financing for these programs for schools include using endowments and working with investors or gathering alumni donations.

When Vemo Education works to develop income-based financing options, they look to build in three “very student friendly” features, Platt said: a minimum income threshold, a maximum number of payments and a payment cap.

“Those are inherently progressive features of an income share agreement that are good for a student in a way that other financing options aren’t,” Platt said.

Vemo Education is a venture-backed company that has raised around $9.4 million, Platt said. Holding at 39 employees as of mid-August, Platt said they’re looking to grow.

Vemo Education has worked with institutions such as Indiana’s Purdue University and New York’s Clarkson University to establish income-based financing programs, and Platt expects their clientele to increase in the near future.

“We think over the next couple of years, we’ll help more and more schools, particularly large schools, understand and implement and launch large income-based financing programs for efforts of increasing educational opportunity and mobility,” Platt said. “I think over the next year you’ll see some pretty big announcements in terms of who’s doing [it].”

Photos via Twitter


This regularly-scheduled sponsored column is written by the Arlington Initiative to Rethink Energy team (AIRE). This county program helps you make smart energy decisions that save you money and leaves a lighter footprint on the environment.

High utility bills disproportionately impact those with lower incomes. On average, low-income households pay 7.2 percent of their income on utilities — more than three times the amount that higher income households pay (2.3 percent).

Families struggling to pay energy bills may sacrifice nutrition, medicine and other necessities, which compound the effects of inequality. Energy efficiency can make a noticeable difference.

The Income and Age-Qualifying Home Improvement program provides in-home energy assessments and installation of select energy-saving products. Single-family homes and multi-family homes (apartments or condos) all qualify.

To help save on energy costs, qualifying Dominion Energy customers can receive a free energy assessment and free energy-saving measures that may include:

  • ENERGY STAR® qualified LED light bulbs
  • Efficient, low-flow showerheads
  • Efficient, low-flow faucet aerators
  • Pipe wrap insulation for hot water pipes
  • Attic insulation and air sealing

Eligible applicants must meet ONE of the following criteria:

  • Household income is less than 60% of the state median income
  • Household income is less than 120% of the state median income for residents over 60 years of age

These retrofits can make a big difference to some families, so please share this information.


Looking for a home? There are plenty of houses and condos open for viewing this weekend.

Check out the Arlington Realty website for a full list of homes for sale and open houses in Arlington. Here are a few highlights:

6513 36th Street N
5 bed/4 bath, 1 half bath single-family home
Agent: Janet Callander
Listed: $1,797,500
Open: Sunday 2-4 p.m.

 

969 N Harrison Street
4 bed/4 bath, 1 half bath single-family home
Agent: Keri Shull
Listed: $1,198,900
Open: Sunday 2-4 p.m.

 

1302 S Glebe Road
4 bed/3 bath, 1 half bath single-family home
Agent: Melinda Estridge
Listed: $914,900
Open: Sunday 1-3 p.m.

 

3207 S Glebe Road
3 bed/2 bath, 1 half bath single-family home
Agent: James Larsen
Listed: $739,000
Open: Sunday 2-4 p.m.

 

1200 N Hartford Street #307
2 bed/2 bath condo
Agent: George Torres
Listed: $599,980
Open: Saturday 2-5 p.m.

 

1600 N Oak Street
1 bed/1 bath condo
Agent: George Koutsoukos
Listed: $459,900
Open: Sunday 2-4 p.m.

 

5101 8th Road S
2 bed/1 bath condo
Agent: Dalil Ahmed
Listed: $179,500
Open: Saturday 1-3 p.m.


Weekend Wine and Beer Guide logo

Editor’s Note: This biweekly column is sponsored by Dominion Wine and Beer (107 Rowell Court, Falls Church). It is written by Garrett Cruce, a Cicerone Program Certified Beer Server.

Visiting Southern California puts you right in the heart of one of the richest brewing communities in the United States.

Ranking 1st in the nation in number of breweries (764), California is home to some of the founding breweries of the modern craft beer industry — Sierra Nevada and Anchor Steam then Green Flash and Stone.

Despite its link to the earliest days of craft beer and beyond, the area has not been without its mergers and acquisitions. Golden Road joined AB InBev’s High End portfolio, Ballast Point became a Constellation Brand, Lagunitas grabbed a Heineken and Anchor sold to Sapporo.

While decisions like those may not always be popular with fellow breweries or beer drinkers, they are still popular locally, with brewpubs and taprooms that fill up right alongside smaller, hipper breweries like Bottle Logic and The Bruery.

On a recent visit to Los Angeles and Orange County, I visited some local craft and macro-owned craft breweries and Disneyland. Beer is everywhere. Here are some places I enjoyed.

Ballast Point Long Beach — 110 N Marina Dr., Long Beach, CA

When the San Diego-based craft brewery built on the classic Sculpin IPA began to grow, it needed to grow its funding. If this location is any indication of what is possible by merging with Constellation Brands, Ballast Point has an even brighter future. The result is an indoor and outdoor space that is on point with the brewery’s nautical brand with floor to ceiling windows overlooking a marina.

Choose from a selection of flagship beers and special releases within the wood and glass taproom or out on the sprawling patio. I enjoyed their DIPA, Manta Ray, which won gold in Imperial IPAs at the 2017 Great American Beer Festival. Be sure to come hungry with dishes like blackened fish tacos and truffle fries.

Monkish Brewing Company — 20311 S Western Ave., Torrance, CA

If you’re looking for something trendier. Head about 15 minutes inland from Redondo Beach to Monkish Brewing Company in Torrance. Be sure to check their web site and social accounts before you arrive as the day of your visit might be a can release day. Be ready to wait in line.

If they’re releasing one of their limited tall boy can packs, you can expect to line up in a zig-zagging line that is good practice for Disneyland.

Once you have your four packs, you can then line up to enter their small taproom where you’ll be able to have your growler filled or enjoy a glass. I happened to visit when they were releasing a collaboration with Richmond’s The Veil Brewing Company — Nighthawkz — a tart, double dry hopped, double IPA brewed with passion fruit, apricot and vanilla.

Disneyland Resort — Anaheim, CA

Disneyland. The happiest place on earth. Right? Well, until Disney’s California Adventure opened across the plaza, it was also among the driest places on earth. So, while you wander the crowded walkways of Disneyland snacking on your Dole whip or churro, be sure to save room for beer over in California Adventure.

Once over there, you can find both craft beer and macros at many of the vendors. But head to Pacific Wharf and the Karl Strauss Brewing Company cart. They only serve beers from the venerable San Diego craft brewery, but the options range from wheat beers like Windansea to pilsners like Follow the Sun and their delicious West Coast IPA, Aurora Hoppyalis. Buy one and stroll the park taking in the sights of Cars Land or Pixar Pier.

You’ll notice your beer comes in a yellow plastic cup. All beers in the resort go in yellow plastic cups to help “cast members” easily spot cups that have alcohol. Look for other breweries, but count on them being from California.

Golden Road Brewing Company — 2210 E Orangewood Ave., Anaheim, CA

When you’re done with Disneyland — you know, you can’t walk anymore and you’ve nearly lost your voice — go to the nearby Golden Road Brewing Company taproom and pub across from Angels Stadium to recharge.

When Golden Road was acquired by the king of macro beers, AB InBev, they had already built a fanbase. Shrewd of AB InBev, to be sure, because not everyone is concerned about who owns their favorite brewery. Among the local beer drinkers I surveyed — drinkers and critics of local and macro breweries alike — this was a place I couldn’t miss.

Sure enough, Golden Road’s Anaheim location is big and bright with an indoor tap room and an outdoor beer garden. If you sit inside, you can play table tennis while you wait for your flight. Or sit outside and take in a game of corn hole.

I have to be honest, Golden Road might not meet everyone’s definition of craft beer, but their vibe and their delicious beers kind of made that distinction less important.

I enjoyed their flagship IPA, Ride On, and Daywalker, a version of their Iron Wolf black IPA brewed with Ethiopian coffee from Portola Lab. My wife’s favorite was their super fruity wheat beer, Mango Cart. Plus, their food is delicious — we enjoyed dishes like duck confit poutine and a generous reuben sandwich. Sometimes it’s great to just enjoy some tasty beers with friends.

All-American Ale Works — 5120 E La Palma Ave., Anaheim, CA

If, however, you really want support a nano brewery with a mission go to All-American Ale Works. Founded by a group of family and friends that spans generations and includes military veterans, All-American specializes in taking established styles and tweaking them.

Do you like a brown ale? Try their Pecan Someone Your Own Size pecan nut brown ale. Like a red ale? Definitely try their Fallen Comrade Red brewed with salt and lemon peel.

All-American is a three-barrel brewery gaining in popularity with locals for weekly events like Tacos and Trivia Tuesday. I visited on a Tuesday, in fact, and saw folks trickle in ready to chill with fellow craft beer drinkers in their ample tap room.

Stereo Brewing Company — 950 S Via Rodeo, Placentia, CA

Putting a sleeker spin on the local craft brewery is the last brewery I enjoyed visiting in Orange County. Really just up the road from All-American sits Stereo Brewing Company, a craft brewery with a huge love of music. All kinds.

From their name to the concert promo posters on the wall to the records behind the counter to the beer names (all song titles) this love of music is evident. In fact, they regularly hold record swaps in their taproom.

While their focus tends to be on hop-forward beers — I enjoyed their limited release hazy IPA called Astral Plane — they also make a variety of other creative beers. Their hazy wheat with ginger, Hazy Jane II, was a delight. And their oatmeal stout, Wall of Sound, won the gold medal in oatmeal stouts at the 2017 Great American Beer Festival.

Whether you find yourself sitting in their taproom enjoying a flight, a single pour, or waiting for a crowler fill Stereo sets the stage with great music and beer. They frequently have food trucks set up outside for a bite to eat while you sample their product.

There are more breweries in this very large area than most could reasonably visit, even if you lived here. I picked some fun places to grab a beer — places that do what they do well and want you to have a good time. Have fun and share your favorite place to enjoy a beer in Orange County/LA.

Friday Beer Tasting

Join Dominion Wine & Beer on Friday, August 24 from 5-7 p.m. as they host their weekly beer tasting. They’ll be featuring four beers from Ocelot Brewing Company including their brand new collaboration with Triple Crossing Beer, Seek and Destroy DIPA!


Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Team Cathell, “Your Orange Line Specialists.”

With only one week left of summer, Arlington’s real estate market chugged steadily along with 59 new listings and 49 ratified contracts. The slower pace showed up with only 12 of those new listings selling within a week.

Days on market moved up a bit to 37. And interest rates remained steady as well at 4.625%-4.75% for a 30-yr fixed rate with no points.

Check out the listing of the week: Gorgeous mansion for $4.8m at 412 Chain Bridge Road. How about that stained glass ceiling?

Glossary term of the week:  Deed

There are basically two most common kinds of deeds; grant deed and trust deed.

A grant deed is the instrument that conveys title and ownership from one owner to another.  A trust deed is the instrument that pledges the property as collateral for a loan so if you don’t make your payments, a lender can legally take ownership of the property from you to repay the loan.

Click to see all the fresh new inventory in MRIS and call Team Cathell (703-975-2500) when you find a home you like.


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