Case Shiller doesn’t track the Charlottesville real estate market. Nor Albemarle, Greene, Fluvanna, Nelson, Waynesboro, Augusta … Case Schiller doesn’t track Charlottesville.
I wrote in early 2008 that The Charlottesville/Central Virginia/Shenandoah Valley markets are not covered by the Case-Shiller index. Real estate is local; while trends may be drawn from this type of research, and while the proverbial turned-corner may still be just over the horizon, it’s important to put his study in the appropriate context.
Crap. That “horizon” to which I referred is still a ways off. But … what I said remains true. Case Schiller doesn’t track our market.
I’d say this is a bit more in-depth and in line with my readers’ expectations. Download the PDF: Nest Realty Group’s 1st Quarter 2011 Market Report Continue reading
I haven’t done a Friday Chart in a while, but this struck me:
This is a chart showing the inventory for Scripps Ranch in San Diego, courtesy of one of the best writers I know, Kris Berg.
Contrast the above chart with the one for the Charlottesville MSA, where we have about 16 months of inventory (across all market segments, property types, location, price, etc. … this number is good for showing broad trends, but is NOT an actionable data point).
If you’re looking for Charlottesville real estate information and analysis, look for Charlottesville real estate information and analysis. … Continue reading…
“Recovery” is the wrong term for what the housing market/economy needs. What the housing market was is likely to never exist or happen again.
This is more than semantics. We need to define what is needed because “recovery” isn’t going to happen.
Everything has changed.
Listen to a podcast of what I think was a really good conversation on Michael Guthrie’s radio show with Greg Slater and me. Continue reading
The answer to virtually everything in my world: it depends. Chiara Canzi at C-Ville wrote an informative article last week in which yours truly was quoted ; it is worth a read if you’re curious about real estate assessments’ impacts on market value. Continue reading