The Center for Responsible Lending estimates that there have now been 1,000,000 foreclosures filed so far in 2009. It also noted that the Mortgage Bankers Association’s most recent data shows some 12% of all mortgages are delinquent. It gets worse. The group expects this 2009 foreclosure number to more than double.

This Showcase of Homes episode features Tony Arko, Realtor and Real Estate Consultant with Market Advantage Real Estate and guest of Greg Wells. Tony follows statistics for Loudoun County. Visit his blog at www.loudounstats.com.

The average 30-year fixed mortgage rate dips to 5.19%, according to a report from Bankrate.com, the lowest rate since 1956.

There were several excellent questions about Loudoun County Real Estate Statistics from the readers and I decided to answer them in a Video Post.

One of the upsides of a crashing-and-burning housing market, as Edward Glaeser noted back in October, is that buying a home becomes more affordable.

And indeed, according to an index released by the National Association of Realtors, housing affordability was at an all-time high in December.