Dear West Springfield Village Neighbor / Friend,
Another short report this week.
In this edition:
Metro Stations Reopened
Record Growth and Home Equity
Rolling Road Property Schematics
Contractor Recommendations and Advertising in our Directory
CAWSV FY20 Membership Drive – Please do join or renew your membership in our civic association. Shoot, we don’t even need the form, but do need: First and Last Name of 1st Resident, First and Last Name of 2nd Resident, Address, Phone Number and Email Address. Indicate if we may list your name(s) and address in the directory (Yes or No), list your phone number (Y or N) and lastly may we list your email address (Y or N)? If you answer no to 1st question – the other two answers are also no.
FY20 dues are again just $10.00 per household for the year. I think we do a lot with your $10.00 to include maintenance of the Rolling Road median, a community yard sale, cleanup and several social events. And, the VW Pool gives you a discount on their membership if you also are a CAWSV member. You can mail your dues and directory listing instructions to CAWSV, P.O. Box 2204, Springfield, VA 22152. Make check payable to “CAWSV”. Or, you can pay $11.00 using PayPal by clicking “Here”. The extra $1.00 covers the charge PayPal exacts on our transactions.
We’re half way to our objective, please join or renew your membership. If you have decided to not join, please provide the same information as in the above paragraph (names, address, phone and email address).
Metro Stations Re-opened - Six Metro rail stations have reopened to include: Braddock Road, King Street, Eisenhower Avenue, Van Dorn, Franconia-Springfield, and Huntington. Commuters should see brighter lighting, operator-connected safety buttons, new platform surveillance systems, USB charging ports, and a clearer public announcement system.
This shutdown is the first phase of a three-year plan to rebuild 20 outdoor Metro platforms. Similar shutdowns in the three-year plan will occur next year closing eight Green and Orange line stations: Vienna, Dunn Loring, West Falls Church, East Falls Church, West Hyattsville, Prince George's Plaza, College Park, and Greenbelt.
Record Economic Growth Helps Boost Equity – Sharon Kline (Ontario Street) provided a report from CoreLogic, a leading global property information provider. CoreLogic recently released a report examining the performance of the housing sector during the record 121 consecutive months of economic growth in the United States. Here are some of the key findings:
Home prices have experienced a strong recovery – Since June 2009, home prices have continued to grow. Through May 2019, home prices increased a cumulative 50%.
Total home equity hits a new record – At the end of the first quarter of 2019, total home equity reached $15.8 trillion, up from $6.1 trillion in the first quarter of 2009. Between the first quarter of 2010 and the first quarter of 2019, the average equity per borrower increased from approximately $75,000 to approximately $171,000.
The number of homes with negative equity has decreased – Total percent of underwater homes went from 25.9% in the first quarter of 2010 to 4.1% in the first quarter of 2019.
Vendor Fair - Looking for vendors, home businesses and crafters who would like to reserve a table at our Vendor Fair on Saturday, October 12, 2019, 9:00 to 2:00 (set up begins at 8:00 am). Each table is $40.00. Location: St. Andrew’s Episcopal Church 6509 Sydenstricker Road Burke, VA 22015. For more information or a registration form, contact Jeanne Jones at email@example.com or 703/913-9863.
Rolling Road Project – Six Rolling Road residents have taken advantage of VDOTs offer to prepare a schematic of your plat with imposed lines indicating property acquisition, permanent utility access easements and temporary construction easements. If you also want the same for your property, let me (firstname.lastname@example.org) know and I’ll drop the request to VDOT. I remind you that there are two sheets with design plan on our website (www.westspringfieldvillage.org) that you can enlarge to isolate your property. Rolling Road renters, please pass this on to property management teams and ideally to the owner.
Contractor Recommendations & Directory Advertising – If you have contractors work on your home and are happy with their price, quality of work, professionalism and cleanliness please do recommend them to others and also suggest they advertise in our directory. We mention those who do advertise in our enews and on our website. I have found that free advertising is a good way to get a reduced price and more attention to detail during their work. We do not expect you to be responsible if that same contractor does not satisfy his/her next village customer. Send recommendations to email@example.com and ask the contractor to contact Steve at Printing Ideas (firstname.lastname@example.org) to discuss a directory ad.
August 1 – 11/01/19 Civic Association Membership Drive (yes it takes that long)
Early October Audit team meets to review financial records and procedures (want to help?)
October 10 Village Meeting at 7:30 PM at RVES Library
October 19 Halloween Party and the Great Chili Cookoff, 4 – 7:00 PM at the pool.
October 27 Taste of Greater Springfield, 3 – 6:00 PM at Waterford Reception
John Cooley, CAWSV