Tag Archives: housing market
Millennials’ Impact on Real Estate
This is something I am trying to wrap my head around – what will the millenials’ mobility mean to homeownership ? Short answer to the question: I don’t know how millennials are going to affect the real estate market, but I know that they are going to cause a tectonic shift in our society, specifically: Millennials’ roots will be different than previous generations; their roots will be electronic, rather than physical. … Have a look at this chart: Generations 2010: Trends in online activities Millenial’s mobility is going to affect everything – the homeownership rate, the type of home, the location …. will they buy? … And then there’s this – 33% of Americans between the ages of 15-24 have smartphones. Continue reading
Charlottesville Real Estate Market – We Don’t Know What We Don’t Know
With all due respect to Don Rumsfeld …
Some segments of the local real estate market are absolutely seeing improvements while others are just beginning to experience significant downturns. Calls for an “end to the recession” however are premature and, in my opinion, irresponsible.
We don’t know:
- How many more foreclosures will happen in the Charlottesville/Albemarle/Central Virginia area. Heck, we don’t even know accurately how many there are now or how many are still out there that have not yet hit the market, nor do we know with any trustworthy accuracy how many foreclosures have sold this year, although … Continue reading…
The Eight Thousand Dollar Homebuyer Tax Credit Expires in …
….
Update 14 August 2009: Cyberhomes notes that the credit may be extended:
So, I was happy to see a tweet yesterday about an effort from the National Association of Home Builders to extend the tax credit through Nov. 30, 2010. They’re also asking Congress to make the credit available to all buyers of principal residences, not just first-time home buyers.
This makes so much sense on so many levels. According to NAHB, extending the tax credit program would spur an additional 383,000 home sales, including 80,000 new homes, and create nearly 350,000 jobs
