We’ll get through this.
Following up on the Charlottesville Bubble Blog’s noting that foreclosures in the Charlottesville MSA are up:
As expected (I noted in 2009 that foreclosures in Charlottesville would likely increase):
What does this all mean from a market standpoint? Foreclosure activity is likely to increase, but we are nowhere near the foreclosure rates and percentages of the major foreclosure hotspots -parts of Florida, Phoenix, California (archived: 2010) – which account for a majority of national foreclosures.
Foreclosure Data for Virginia (PDF)
Look at mortgage conditions in Charlottesville at the New York Fed’s map.
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I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
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