Affordable housing?
This caught my eye in today's story on Old Trail Village in Crozet. Developer Justin Beights says Old Trail Village will include affordable housing and park land.Hmmm. What is affordable housing? Albemarle County defines (pdf) affordable housing as Affordable Housing, in general terms means safe,…
Condos in Charlottesville
Good article in the DP this morning about the vast number of condos in the area (if you want more information on these, please email me, rather than the Sellers' agents!) Read the whole article, but take note of what Ted Koebel, director of the…
C’Ville’s bubble
In response to cvillenews' post this morning titled "C'ville's real estate bubble?" My short answer is "maybe." There are three kinds of lies: lies, damn lies, and statistics. --Benjamin Disraeli Figures don't lie, liars figure. --Mark Twain (attributed to)There has been an awful lot of…
Goody.
We're Number One (again). Homes are not cheap (median home price $225,000), but the cost of living is manageable. The city's low unemployment rate and significant recent job growth promise continued prosperity. As more and more people learn about this year's best city, Charlottesville may…
FSBOs and Realtors be aware
Albemarle County is targeting illegal signs, despite the fact that this is technically a state issue. The Board of Supervisors requested this sign education program in response to the large volume of illegal signs ranging from real estate notices to yard sales to commercial business…
The Parkway is coming
From today's Progress - Remember that debate over whether or not the Meadowcreek Parkway needs an interchange to work? ... An at-grade intersection was a much cheaper design that would have allowed construction on the parkway, under discussion for 38 years, to begin sooner. Read…
Old Trail news
Old Trail Village, which is slated to cover about 250 acres in Crozet, is what Albemarle County Board of Supervisors Chairman Dennis S. Rooker calls a win-win situation for the developer and community. “It's a great example of how someone has developed the neighborhood model…
State Farm bring more jobs to Albemarle
Last July, the country's largest home and auto insurance provider said it planned to consolidate some regional operations in Albemarle County, a move that was expected to lead to an increase of 200 to 300 local jobs. With more than 1,300 employees, State Farm is…
Biotech jobs coming to Albemarle
More jobs in Albemarle = stable, if not improving housing market. More people who will probably be moving into or around the 29 North Corridor. Albemarle will be the new home of a biotech manufacturing facility. A firm called PBM, or Princeton BioMeditech Corporation, will…
What Housing Bubble?
The reality is this: There is no housing bubble in this country. Our strong housing market is a function of myriad factors with real economic underpinnings: low interest rates, local job growth, the emotional attachment one has for one's home, one's view of one's future…