Given yesterday to the Charlottesville Area Association of Realtors:
Barry Merchant has annually provided some of the best, most realistic market insight to the state, regional and Charlottesville area real estate markets.
Barry Merchant’s presentation to CAAR – 10-26-2011If first time homebuyers are going to be critical to the housing market’s return … how can one reasonably think that the next generation of indebted college graduates are going to be able to contribute to the return?
Update 28 October 2011:
The NYTimes reports: Economy Alters How Americans Are Moving
Essentially, millions of Americans have become frozen in place, researchers say, unable to sell their homes and unsure they would find jobs elsewhere anyway.