Comments on: Notes from the frontline http://www.realcentralva.com/2007/08/22/notes-from-the-frontline/ Tracking Charlottesville's Real Estate Market since 2005 Sun, 12 Feb 2012 23:56:00 +0000 hourly 1 http://wordpress.org/?v= By: Teresa Boardman http://www.realcentralva.com/2007/08/22/notes-from-the-frontline/#comment-8643 Teresa Boardman Fri, 24 Aug 2007 13:59:06 +0000 http://www.realcentralva.com/2007/08/22/notes-from-the-frontline/#comment-8643 Thanks for the link love. I guess my assessment is a kind of insiders look at the market. I work almost equally with buyers and sellers and my post contains the words that I hear the most often from each. I was going to add: Teresa says: I need a vacation. :) but decided agianst it. Thanks for the link love. I guess my assessment is a kind of insiders look at the market. I work almost equally with buyers and sellers and my post contains the words that I hear the most often from each. I was going to add: Teresa says: I need a vacation. :) but decided agianst it.

]]> By: Mark http://www.realcentralva.com/2007/08/22/notes-from-the-frontline/#comment-8636 Mark Thu, 23 Aug 2007 20:21:21 +0000 http://www.realcentralva.com/2007/08/22/notes-from-the-frontline/#comment-8636 "I wish buyers would cut the television off." Did you wish they would cut the TV off from 2001-2006 when real estate was the next hot tech stock, an easy 20% annual gain? Now we are at the point where people can't afford a house: home prices have doubled while salaries have not. "Sub prime- none of my clients fall into this category..." This quote reminds me of the New York film critic in 1972: "How could Nixon have won? Nobody I know voted for him!" -A very NON-affluent potential Charlottesville buyer “I wish buyers would cut the television off.”
Did you wish they would cut the TV off from 2001-2006 when real estate was the next hot tech stock, an easy 20% annual gain?

Now we are at the point where people can’t afford a house: home prices have doubled while salaries have not.

“Sub prime- none of my clients fall into this category…” This quote reminds me of the New York
film critic in 1972: “How could Nixon have won? Nobody I know voted for him!”

-A very NON-affluent potential Charlottesville buyer

]]> By: JR Jackson http://www.realcentralva.com/2007/08/22/notes-from-the-frontline/#comment-8624 JR Jackson Thu, 23 Aug 2007 12:17:22 +0000 http://www.realcentralva.com/2007/08/22/notes-from-the-frontline/#comment-8624 The current market woes aren't just limited to subprime. It's extended to Alt-A and the jumbo market -- the media isn't making it up. There are more than a dozen of bankrupt lenders and many others that have simply closed down. There were fears of a potential collapse of Countrywide, which would have been a staggering development. People simply no longer believe the hot air being blown by the "economists" at the NAR. The current market woes aren’t just limited to subprime. It’s extended to Alt-A and the jumbo market — the media isn’t making it up. There are more than a dozen of bankrupt lenders and many others that have simply closed down. There were fears of a potential collapse of Countrywide, which would have been a staggering development.
People simply no longer believe the hot air being blown by the “economists” at the NAR.

]]> By: Ken Smith http://www.realcentralva.com/2007/08/22/notes-from-the-frontline/#comment-8623 Ken Smith Thu, 23 Aug 2007 10:59:20 +0000 http://www.realcentralva.com/2007/08/22/notes-from-the-frontline/#comment-8623 Jim I wish buyers would cut the television off. I would imagine that the Albemarle market is much like ours here in the Northern Neck were both buyers and sellers are affluent. Sub prime – none of my clients fall into this category but the news is really building it up. Ken Jim
I wish buyers would cut the television off.
I would imagine that the Albemarle market is much like ours here in the Northern Neck were both buyers and sellers are affluent.
Sub prime – none of my clients fall into this category but the news is really building it up.
Ken

]]> By: Gerry Davidson http://www.realcentralva.com/2007/08/22/notes-from-the-frontline/#comment-8619 Gerry Davidson Wed, 22 Aug 2007 14:45:58 +0000 http://www.realcentralva.com/2007/08/22/notes-from-the-frontline/#comment-8619 Hi Jim, Your comments on pricing are universal. Coming from a builder/sales background I see the perfect analogy. I would cringe when a builder totaled up his cost to build, add the percentage he wanted to make and voila - Sales Price. The market seldoms understands this thinking and is certainly not sympathetic to it. Or take the case of pricing high with the rationalization that if it doesn't sell I'll just reduce it. That often results in one reduction after another. And to see multiple price changes, whether on a community price list or in MLS, does not send a clear message to buyers or agents. Proper pricing to your market is key to selling and this is where a good agent produces value. An astute seller is a realistic seller. Hi Jim, Your comments on pricing are universal. Coming from a builder/sales background I see the perfect analogy. I would cringe when a builder totaled up his cost to build, add the percentage he wanted to make and voila – Sales Price. The market seldoms understands this thinking and is certainly not sympathetic to it. Or take the case of pricing high with the rationalization that if it doesn’t sell I’ll just reduce it. That often results in one reduction after another. And to see multiple price changes, whether on a community price list or in MLS, does not send a clear message to buyers or agents. Proper pricing to your market is key to selling and this is where a good agent produces value. An astute seller is a realistic seller.

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