CAAR’s 1st Quarter market report
CAAR has released their first quarter market report and David Hendrick with the DP analyzes this morning the changes in the market. The seemingly dramatic increase in inventory can be attributed partially to the large number of condo conversions in the market - one response…
Connected communities
As our region continues to grow, each area has its own perspective on how to handle growth - Why the focus on so many counties? Simple - they are all connected. The land-use decisions in Louisa will impact the real estate market in CharlAlbemarle -…
Search terms
I am frequently amused at the ways visitors reach this blog. Not only do I frequently get a little chuckle, but these term provide some valuable insight into the minds of searchers. Knowing what my readers want to know helps me target my writing a…
Things I have not had time to read
Being away at this Leadership Academy is extremely challenging - business grinds slowly and I fear I am neglecting my clients. However, I am learning an awful lot; we have been spending time with Ann Atkinson this morning. Wow. Workforce housing *is* affordable housing Communities…
Regional transit in our future?
BoS David Slutzky in Sunday's Daily Progress: "It's definitely time for the county and the city to put their heads together and develop a cohesive transportation system," he said. "If you wait 20 years and start thinking about it, it will cost you a lot…
More on dealing with the changing market
The Realestatejournal has two informative articles here and here that emphasize a couple of things about the changing real estate market that seem to have been forgotten during the recent boom. 1) Real estate is an illiquid investment and 2) Plan (and be prepared for)…
Market Update for March 2006
The word of the day is "patience." Followed closely by "expectations." In the CharlAlbemarle area - Active in February 2005: 279 Active in February 2006: 413 % increase: 32.45% Contingent: 29.08% Pending: -23.73% Active in March 2005: 412 Active in March 2006: 472 % increase:…
Working on the numbers
I have been running the March inventory numbers for the CharlAlbemarle and surrounding area ... it's up. Way up. More later today.
April’s Forum Watch
The Free Enterprise Forum's April Forum Watch is out. Take the time to read it. It's long, and chock full of good information. Zoning, water, growth, phasing ... it's all there.
Anecdotal evidence on the local market
The news was flooded last week with reports on the housing market's decline. This article in the Washington Times is but one example: The downturn in the housing market is deepening, with new home sales at a nine-year low, prices down for the fourth month…