ALBEMARLE
Case Shiller’s Perspective on the Charlottesville Real Estate Market
Case Shiller's Perspective on the Charlottesville real estate market summed up in one phrase: it doesn't exist. Today I'll I touch on: - Case Shiller - Core Logic - Charlottesville MLS/analysis on RealCentralVA - Fiserv/CNN Context matters. Case Shiller doesn't track the Charlottesville real estate…
ALBEMARLE
What is Walking Distance to You? (in Charlottesville)
"Walkable houses in Charlottesville" - one of the more frequent requests I get both from buyer clients and from visitors to this site. But "walkable" means different things to different people. Clarifying and pulling out buyers' true intents is one of the most useful skills…
CHARLOTTESVILLE
The Waterhouse Met its Deadline for the Tax Credit
C-Ville reports that the Waterhouse in downtown Charlottesville met its deadline, and Downtown Charlottesville is nearing its welcome of Worldstrides. I suspect that bringing a couple hundred new employees downtown is going to make things a bit busier - lunch, happy hour, parking(?) Worldstrides is…
ALBEMARLE
FHA and Condos in Charlottesville – Are they Eligible?
Guest post from Matt Hodges with Presidential Mortgage*: Condominiums are a challenge to finance through FHA. Condominiums had a brief period when lenders overlooked eligibility and approved every loan, as long as the borrower was qualified – that period ended some four years ago. Today,…
ALBEMARLE
UVA Continuing to Grow – Adding Stability to Charlottesville’s Economy
One of the brightest spots in the Charlottesville area economy is the University of Virginia. Love 'em or hate 'em, they provide stability and opportunity. Charlottesville Tomorrow reports: Noticeable at the Planning and Coordination Council meeting was the contrast between the scale and ambition of…
GENERAL REAL ESTATE
One Way that Real Estate Agents are Like Lawyers
The New York Times notes this regarding law schools: "The fundamental issue is that law schools are producing people who are not capable of being counselors," says Jeffrey W. Carr, the general counsel of FMC Technologies, a Houston company that makes oil drilling equipment. They…
ALBEMARLE
Sunday Reflection
Sometimes it takes a moment like this to reaffirm why I choose to stay in Charlottesville. Taken while meeting with a potential seller in Free Union.
FRIDAY
There Is NO “National” Housing Market
I haven't done a Friday Chart in a while, but this struck me: This is a chart showing the inventory for Scripps Ranch in San Diego, courtesy of one of the best writers I know, Kris Berg. Contrast the above chart with the one for…
GENERAL REAL ESTATE
Housing Market “Recovery” is Aiming for the Wrong Thing
Stability. That's what we should be targeting. sta·bil·i·ty/stəˈbilitÄ“/ Noun: The state of being stable. Synonyms: constancy - steadiness - firmness - fixity - permanence "Recovery" is the wrong term for what the housing market/economy needs. What the housing market was is likely to never exist…