Nice soccer fields, Albemarle County. A solution has to exist to create more fields in Albemarle. I’m not yet sure what those are.
â€œEverybody says they want your opinion, but no one’s really listening.â€ The 29 Corridor conversation in 11 words.
Barry Ritholtz at Bloomberg View adds two more potential factors on why buyers aren’t showing up. One is simple psychology: Mr. Ritholtz argues that the housing crash of 2006 to 2010 was so deep that it scarred potential buyers, leaving them convinced housing was fundamentally risky.
A second argument from Mr. Ritholtz is more subtle: The number of homeowners with low or even negative equity in their houses is significant enough to gum up the normal ebb and flow of the housing market. When people owe more on a house than they can sell it for, the normal churn in the market dries up
Mr. Ritholz goes on to describe the chain of homebuyers that’s required for a healthy, sustainable real estate market â€¦ definitely worth a read.