Browsing Category Albemarle

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…. To gain some history on the Meadowcreek Parkway, cvillenews is a great place to begin. Quite simply, our region needs more, more efficient infrastructure to cope and deal with the growth.

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Old Trail news

Rooker calls a win-win situation for the developer and community.“It’s a great example of how someone has developed the neighborhood model and also been commercially successful,” Rooker said…. The changes have been coming for several years; this project serves to completely destroy any hope that that sleepiness will remain.As a Realtor, ostensibly change and growth is good…. Old Trail Village, a proposed development to include about 2,000 housing units on 257 acres, would change the nature of Crozet, clog its roads and threaten its downtown, residents of the area told the Albemarle County Planning Commission on Tuesday. This is news to some people?Crozet residents objecting to the plan said it would lead to new housing before needed road, sidewalk and school improvements are provided and would harm the vitality of the downtown.

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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 Albemarle County’s largest private employer.This is very good news for the local real estate market. State Farm has good-paying professional jobs, stable employment base and is an all-around asset to the community.

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Biotech jobs coming to Albemarle

More jobs in Albemarle = stable, if not improving housing market.Albemarle will be the new home of a biotech manufacturing facility. A firm called PBM, or Princeton BioMeditech Corporation, will create 115 jobs with a $7 million investment at the University of Virginia Research Park. From WINA and the DP.If anybody is affiliated with this company, I would be happy to help its employees relocate to the area. Please email me if you would like a relocation package.Biotech is a great industry to have – read more here – “So what could be better than an industry that attracts few outsiders, requires little space, preserves those beautiful Blue Ridge vistas and utilizes the community’s most important resource — the University of Virginia?”

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What Housing Bubble?

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 earning- power, and parental contributions, all have done their part to contribute to rising home prices. Over the past quarter-century, there has been an explosion of second-home purchases, a continued influx of immigrants, and a significant reduction in existing housing inventory through tear-downs…. Speculators are Driving Home Prices: The media today is chock-full of stories of day-trading dot-com refugees who have found their calling buying homes and condos “on spec,” with the hope of flipping the property for a higher price…. The Charlottesville/Central VA market has a lot of speculative buyers who are taking out second mortgages on their primary residences, home equity lines, etc. Should rates rise and they stop buying, our market very likely will see a decrease in the rapid appreciation in home values – not an altogether bad thing.

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