Another example
Real estate remains a local phenomenon, but let us not forget that the aggregate of local markets equals a larger national and international market. AMERICAN homeowners, particularly those who have just bought their properties, are full of reasons why the run-up in house prices in…
Bubble Talk – from April 2004
As interest rates begin to rise, concern has increased about a potential housing bubble and its effects if it were to burst. As individual investors consider the likelihood and implications of a real estate bubble, three questions have to be addressed: First, does it matter…
Despite Weak Pockets, Spring Sales Start Strong
Despite Weak Pockets, Spring Sales Start Strong: Economists and homeowners are watching for signs of a slowdown, following a multiyear boom. This was in the WSJ earlier this week, but just posted on the free Realestatejounal. After a multiyear real-estate boom that has raised concerns…
Surprise, surprise
From Inman news Surprise, surprise NY Times headline: Real Estate ...: Surprise, surprise; NY Times headline: Real Estate Sales Drive Up Consumer Prices in Region. It is scary when the costs of two necessities of American life, housing and gas, are out of control. Are…
Some days, it feels good to do my job
Building a home from a long distance can be a trying, stressful uneasy experience. I took some pictures yesterday of a house that some clients are having built in Fluvanna, posted them on a website and emailed my clients a link to this password-protected page.…
Google’s reach becoming a bit terrifying.
Not real estate related, other than the fact that most buyers start looking for homes by searching the web - From lost to found: How many times have you used Google to find an obscure funny website or fun facts about “The Wizard of Oz,”…
Gentrification a good thing?
Everyone knows gentrification uproots the urban poor with higher rents, higher taxes and $4 lattes. It's the lament of community organizers, the theme of the 2004 film Barbershop 2 and the guilty assumption of the yuppies moving in. Carole Singleton lives in Harlem in New…
Quick response
It is absolutely imperative to respond to potential customers/clients as soon as possible. That not all of my competition understands that makes my job just a little bit easier. I am an instant gratification kind of guy. If I don't get a response to something,…
UVa. tearing down the Cavalier Inn
I was remarking to a prospective buyer, who happens to be staying at the Cavalier Inn, how it was going to be torn down in the near future to make way for UVa's Arts Center. Lo and behold, Cvillenews has a discussion on that very…
Water resources
The meeting yesterday must have been pretty interesting. WINA and the DP both have fairly extensive reports - of note is that the federal regulatory agencies told Rivanna that they don't HAVE to come up with a plan that covers the next 50 years. Wish…