Mid-Year 2014 Charlottesville Area Market Update

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This is from my monthly note … I don't often post here what I write there, but am making an exception.
We're at the halfway point. I think the market can be summed up thusly: Buyers are buying, sellers are selling, but there is, and has been, an underlying mistrust of the market by both buyers and sellers. A lot of buyers were burned or saw their friends or Read More

What’s Affecting the Charlottesville Market? Student Loans, New Construction & Employment

As with some stories I post here, I'm posting for two reasons. First, I want to educate and inform those who read (thank you) and second, I refer to my blog all the time - and it's much easier to google my blog than my brain. For now. I've been looking at some national trends lately and how they affect home buyers and sellers. Lawrence Yun, NAR's chief economist, has been very candid lately. (he also noted a Read More

Low Housing Inventory Continues in Charlottesville and Albemarle

If you look solely at the numbers, it looks like housing inventory is up. Not so. I've been thinking for months that we'd be seeing more housing inventory on the market by now. It's not yet here. Comparing the first 9 days of February of this year versus last - 116 new listings came on last 1-9 February versus 50 this 1-9 February. For the MSA (Charlottesville, Albemarle, Fluvanna, Greene, Louisa, Nelson) - 84 this 1-9 February and 210 last 1-9 February. I'm confused. I know this: I have buyers who are looking for homes to to, and we can't find Read More