Bush Not Worried about Housing Bubble
RealtyBaron.com : Baron Briefs: Bush Not Worried about Housing Bubble: Okay, everyone breath a BIG sigh of relief: our leaders are not sweating the housing boom:The Bush administration is closely watching the housing boom, though so far the surge appears to be driven mostly by…
Charlottesville’s market (as seen by HUD)
HUD's analysis of Charlottesville's real estate market - go here to read the PDF. Interesting snippets from the summary - Total home sales in the HMA have increased in each of the past 3 years. The median sales price has increased nearly 40 percent since…
First steps in buying a home
One of the first steps to purchasing a new home is to get pre-approved for a loan for a purchase price with which you are comfortable. This is the simple part of the equation, virtually a no-brainer in this Seller's market. How do you shop…
Eminent Domain
It takes a powerful political issue to pull Reps. Tom DeLay and Maxine Waters onto the same side. In ruling that governments may force homeowners to sell their property for private development, the Supreme Court has created one. From the Realestatejournal. This is good news;…
New listing
I put my new listing on the market today. It really is a great house in a convenient location. It feels like it is out in the country, but it is actually no more than 15 minutes to either the Hollymead Town Center or Pantops…
Why should you get Title Insurance? … and what is it, anyway?
Basically, title insurance provides protection against any problems that may arise out of the property. A title search should turn up any liens attached to the property, from, say, unpaid construction costs, owed taxes or even outstanding parking tickets. There may be unknown missing heirs…
Realestatejournal morning stories
First-time homebuyers' emotional ride Avoiding rent during new-home construction
Analysis on the Real Estate Market
I found this paper (pdf) while googling for broadband penetration in the Charlottesville area. Paul Ernesto Carrillo's dissertation entitled "Assessing the Value of On-line Information Using a Two-sided Equilibrium Search Model in the Real Estate Market." When I have more time (hopefully later today) I…
Excellent Bubble article
Looking at a recent magazine covers one is left with the impression that the whole world is concerned about US real estate prices. This is borne out by the fact that if you go to Google and type in sex you get 78,000,000 hits. If…
Real estate boom to continue?
From the Big Picture. 1. Increased competitive pressures amongst the nation's lenders 2. Surplus capacity in mortgage lending services sector 3. Financial innovation in the form of new mortgage products 4. Improved pricing efficiencies in pricing these new, and existing, mortgage contracts 5. Improved marking-to-market…