Comments on: Housing numbers are down http://www.realcentralva.com/2006/10/26/housing-numbers-are-down/ Tracking Charlottesville's Real Estate Market since 2005 Sun, 12 Feb 2012 23:56:00 +0000 hourly 1 http://wordpress.org/?v= By: Jim Duncan http://www.realcentralva.com/2006/10/26/housing-numbers-are-down/#comment-1274 Jim Duncan Mon, 30 Oct 2006 15:01:13 +0000 http://www.realcentralva.com/2006/10/26/housing-numbers-are-down/#comment-1274 I hope that helps ... I think that the <em>rate </em> of growth the the sub- and exurbs will slow, but that it will continue. Now that <a href="http://www.realcrozetva.com/2006/09/26/civilization-comes-to-crozet/#comment-1115/" rel="nofollow">Domino's is open</a> in Crozet, growth is sure to come quicker! I hope that helps … I think that the rate of growth the the sub- and exurbs will slow, but that it will continue.

Now that Domino’s is open in Crozet, growth is sure to come quicker!

]]> By: cville_libertarian http://www.realcentralva.com/2006/10/26/housing-numbers-are-down/#comment-1273 cville_libertarian Sat, 28 Oct 2006 18:49:28 +0000 http://www.realcentralva.com/2006/10/26/housing-numbers-are-down/#comment-1273 Thanks! I guess I feel as if the short term rapid development of Greene and Fluvanna in particular would cool off, but I guess that's really only a measure of cooling in the population growth of the area. The underlying drivers for our economy don't seem to be as recession sensitive, so I guess that the exurban development will really continue. But yeah, seems like there's going to be a slowdown for a lot of the RE market secondary sector - construction and sales (mortgage, agents, etc.). The big downturn in the GDP numbers are interesting too, and tie into this. Thanks! I guess I feel as if the short term rapid development of Greene and Fluvanna in particular would cool off, but I guess that’s really only a measure of cooling in the population growth of the area. The underlying drivers for our economy don’t seem to be as recession sensitive, so I guess that the exurban development will really continue. But yeah, seems like there’s going to be a slowdown for a lot of the RE market secondary sector – construction and sales (mortgage, agents, etc.).

The big downturn in the GDP numbers are interesting too, and tie into this.

]]> By: Jim Duncan http://www.realcentralva.com/2006/10/26/housing-numbers-are-down/#comment-1269 Jim Duncan Fri, 27 Oct 2006 15:52:24 +0000 http://www.realcentralva.com/2006/10/26/housing-numbers-are-down/#comment-1269 Sorry for the delay ... let me pull my crystal ball from the drawer, shine it up real good ... As the market stands right now, I do not see negative prices. I do see significantly less price appreciation than we have seen for the past 5-7 years. I see (somewhat hopefully, because I live here, too) less rapid new construction, which will have far-reaching impacts, as new construction touches so many different industries - think carpenters, electricians, other professional tradesmen, marketing companies, printing companies, Realtors ... As the rate of appreciation returns to a more reasonable level (as I have said many times before), the impact on farther-out developments to a certain degree. But - as our region and its economy have become more segmented, I think that the impacts will be tempered a bit. Also, our region has historically been insulated by the dramatic ups and downs due in no small part to the university's impact. They are constantly growing, for better or worse, and that does not show any signs of changing. <em>Disclaimer: This my current opinion, given the facts of today as we know them. I reserve the right to change my opinion should circumstances change. :) </em> Sorry for the delay … let me pull my crystal ball from the drawer, shine it up real good …

As the market stands right now, I do not see negative prices. I do see significantly less price appreciation than we have seen for the past 5-7 years.

I see (somewhat hopefully, because I live here, too) less rapid new construction, which will have far-reaching impacts, as new construction touches so many different industries – think carpenters, electricians, other professional tradesmen, marketing companies, printing companies, Realtors …

As the rate of appreciation returns to a more reasonable level (as I have said many times before), the impact on farther-out developments to a certain degree. But – as our region and its economy have become more segmented, I think that the impacts will be tempered a bit.

Also, our region has historically been insulated by the dramatic ups and downs due in no small part to the university’s impact. They are constantly growing, for better or worse, and that does not show any signs of changing.

Disclaimer: This my current opinion, given the facts of today as we know them. I reserve the right to change my opinion should circumstances change. :)

]]> By: Jim Duncan http://www.realcentralva.com/2006/10/26/housing-numbers-are-down/#comment-1264 Jim Duncan Thu, 26 Oct 2006 20:31:47 +0000 http://www.realcentralva.com/2006/10/26/housing-numbers-are-down/#comment-1264 Thanks for stopping by. I will answer this as soon as I return from coaching my daughter's soccer team. Thanks for stopping by. I will answer this as soon as I return from coaching my daughter’s soccer team.

]]> By: cville_libertarian http://www.realcentralva.com/2006/10/26/housing-numbers-are-down/#comment-1263 cville_libertarian Thu, 26 Oct 2006 20:22:50 +0000 http://www.realcentralva.com/2006/10/26/housing-numbers-are-down/#comment-1263 Hi Jim - I'm over from c'ville news, and I'm curious what you see when you gaze into your crystal ball locally. Specifically, do you see negative prices "close in"? In Albermarle? What about the further out stuff (Fluvanna, Greene, Nelson)? I would expect that if c'ville/alb. were flat or negative, it would drop the pressure on the much further out development. Thanks! Hi Jim -

I’m over from c’ville news, and I’m curious what you see when you gaze into your crystal ball locally. Specifically, do you see negative prices “close in”? In Albermarle? What about the further out stuff (Fluvanna, Greene, Nelson)? I would expect that if c’ville/alb. were flat or negative, it would drop the pressure on the much further out development.

Thanks!

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