September’s Monthly Note – Community, Oil Tanks & the Market

Jim Duncan's September's Monthly Note

One note a month. Usually less than 1500 words, I tend to write my best stuff in this note.*

One of the highlights of every month’s note, in addition to the market insight and stories I write, are the blog summaries, in which I highlight some of the best posts on RealCentralVA and RealCrozetVA from the previous month.

Jim Duncan's September's Monthly Note

Curious? Interested in learning a bit more about the Charlottesville market?

Two clicks here and you’ll get this month’s note as soon as I publish it, and hopefully you’ll stick around for each successive month.

* It’s really the only stuff I write that’s edited.

Radio Recap from WNRN 7 September 2014

Prepping-for-real-estate-radio.jpg

Today was an interesting radio show – some real estate and more community, community building, and becoming part of the community. I’m going to update this post with detailed show notes, but in the meantime, the podcast is here.

Enormous thanks to those who responded so quickly on twitter to my question – how do you assess/define community? (I’d say community is something that helps answer a question about community quickly!)

A few stories we discussed:

Pipeline stories:

Who Wants to Hear an Hour of Real Estate Radio? – 26 January 2014

If you’re thinking about buying or selling in the Charlottesville area or curious or interested in the Charlottesville (and regional/national) real estate market, you might find some value in listening to this Sunday’s WNRN Wake-Up Call.

Matt Hodges and I will discuss the current state of the Charlottesville area real estate market, mortgages, tips for buyers and sellers, etc. We’ve done this every year for the past six years and every year each time has produced conversations. If you’re interested in us talking about something specific, please leave a comment or let me know.

Matt’s initial notes of stuff to talk about:

– Ability-to-Repay and Qualified Mortgages
– Recent Bureau of Labor Statistics payroll releases, 2/6 release and what it means to borrowers out there + Federal Reserves tapering decision and what it means
– Predicted increases in rates to 5 – 5.5% and how that affects ability to purchase vis a vis today’s rates

My initial notes of stuff to talk about:

– Brief market update
– How new mortgage laws may impact buyers’ and sellers’ decisions
– Current massive growth and density in the City of Charlottesville
– What buyers should be doing right now who are planning to buy this year
– What sellers should be doing right now who are planning/hoping to sell this year
– Inventory levels in the Charlottesville MSA