From a recent Realestatejoural article,
“Affordability — a measure of the ability
of the average household to buy a home at current mortgage rates — has long
been an issue for low-income buyers. But in some markets, such as Salinas,
Calif., New York City and Honolulu, prices have increased so rapidly that buyers
with healthier incomes are feeling the squeeze as well. And the number of such
markets could climb if mortgage rates rise this year, as many economists
expect.”
“Affordability — a measure of the ability
of the average household to buy a home at current mortgage rates — has long
been an issue for low-income buyers. But in some markets, such as Salinas,
Calif., New York City and Honolulu, prices have increased so rapidly that buyers
with healthier incomes are feeling the squeeze as well. And the number of such
markets could climb if mortgage rates rise this year, as many economists
expect.”
This article could have
been written seemingly anywhere, notably here in the Central Virginia region.
Expect to hear more about affordable housing in the near future.
Interested in Learning More?
I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
Dig Deeper
A Quick Thought on Silence
I’ve never hidden my politics or beliefs. And I also don’t remember ever putting a bumper sticker for a politician on my car. That said, we’re in different times that transcend “parties.” Silence is not an option. This is not a political conversation, it’s one…
Be Kind. It Matters
Reupping this story from April. This encounter has stuck with me. In early January I was returning a gift, and tried to get it put back on my wife’s credit card, which I didn’t have. The young girl working at the counter tried to make…
Deleting Facebook – An Experiment (Part 1 of 2)
"If you're not the customer, you're the product," as the saying goes. I am tired of being the product.* I have a new facebook account; the old one is deactivated. Why? I've long said I hate facebook, but use it because I must - for RealCrozetVA community,…
Charlottesville 29 + Charlottesville Restaurants = Help Food Bank
What a remarkable thing. The Charlottesville 29 have partnered with McGuire Woods and a slew of Charlottesville restaurants to help the Blue Ridge Area Food Bank (one of my favorites charities). Hunger is a stubborn problem – globally, nationally and regionally. Here in the Charlottesville area, it…