1 - I wonder if local builders will employ these tactics?
As the housing slump drags on, some builders have a deal for potential buyers: Sign a contract, and if the cost of comparable homes drops before closing, you get the lower price.
2 - Localizing the national pending home sales index for Charlottesville/Albemarle -
2007 – 80 residential properties went under contract – 22% fewer than 2006.
2006 – 103
2005 – 112
2004 – 137
2003 – 103
For a better analysis visit CR, with the fun quote – “The NAR forecasts are always amusing. The recovery is always just around the corner!” Can’t you just smell the credibility?
3 – Good job, Northern Virginia Association of Realtors. Way to alienate your members. There is always an alternative.