Real estate Sunday in the Daily Progress – a deeper look at the housing numbers
The DP, Charlottesville's biggest daily newspaper, has quite the real estate focus today: Prices put dream of homeownership out of reach Flight from high prices costs in road woes High housing prices hit city in rankings Housing boom benefits but wages still lag (All stories…
17 is better than 1
"Being No. 1 is not all it’s cracked up to be. Charlottesville, Va., hit the top spot in the 2004 rankings, but slipped to No. 17 this year. Why? The median house price jumped from $177,000 to $345,000, and the cost of living more than…
Central Virginia development moves on
Biscuit Run, the proposed development to the south of the City has been revised downwards from a proposed 5,000 homes to 3,500 homes. The traffic study work session next month should be interesting. As always, Cvilletomorrow has much more information as well as a podcast…
Reasons why this market is better
1) Less pressure on buyers. 2) Buyers have time to consider spending a quarter of a million dollars. (and more and less) 3) Less greed. 4) Patience can be rewarded. 5) The madness has subsided.
Ah, Leadership
I thought about this when I read it, but Mayor Brown puts it most succinctly: And the irony that this luncheon was held in Glenmore - an affluent, gated community - must have been obvious to everyone present.From the DP: “Lots of poor kids are…
Wacky mortgages and scary forecasts
... will lead to heartbreak. How is this surprising to anyone? Ten Percent (10%!) of the subprime ARM loans written in Virginia were 30 days or more past due in 2nd quarter 2006. Things are about to get immensely more complicated, now that the Senate…
Housing appreciation slows
I had a neat little post all ready to go referencing these two articles - Housing's rate of appreciation slows. Home prices' rise slows - this is not a "bad thing." (Free link) - and then the NYTimes comes out with their spin on the…
Charlottesville area housing sales
Following up on Liesel Nowack's story this morning in the DP, fast on the heels of the Virginia Association of Realtors' release of home sale data: Regarding low interest rates' impact on the boom - did they have an influence? Yes and no. For a…
Friday links – 25 August 2006
The Human Car Home for Sale, by Anxious Owner - my analysis of local incentives is coming soon. Macro market roundup Keep your friends close and your enemies closer (Microsoft and Firefox collaborate) A great idea marginalized by its affiliation with the UN It took…
Helping those who help us
To: Area Firefighters Area Law Enforcement Officers Area Teachers In appreciation for the work you do for the people of the Charlottesville/Central Virginia area, I am now offering an incentive for you to help you with the sale of your home and/or the purchase of…