This is how I feel sometimes. Our (albeit small) mountain views are in the process of being hidden by the new townhouses being built.
John Maudlin’s newsletter
Why is our market insulated?
Today’s Cavalier Daily reports on Charlottesville’s (Albemarle is implicitly implied) low unemployment. A recent survey by Manpower Incorporated, an employment services company, found that the City of Charlottesville has the sixth-best employment outlook in the nation for the second quarter of 2005. A Career Services study showed 15 percent of students wish to remain in Charlottesville. Since students have shown an interest in remaining in…
Brief analysis
The Fed has raised the overnight cost of money enough that further hikes will push up long-term rates. Federal Reserve Chairman Alan Greenspan’s “conundrum” ? short rates rising while long ones steadied ? turns out to be no riddle at all, just an illusion. Short rates were extremely low ? at 1 percent so low that the Fed’s nine-month-long, 1.5 percent hike had no impact…
A slowdown?
The property I put on the market in Crozet this past week is still available…. Perhaps these two examples are an indication that I may actually have the opportunity to use my xix-month (or even two or three-month) marketing plan.
Links
This is one of the biggest challenges home sellers face when putting their house on the market. Once you decide to sell your house, it’s no longer a home, but a commodity. It needs to be prepared as a commodity, marketed as a commodity, and priced as a commodity. It doesn’t matter what you “want,” only what the market can bear on pricing. People are…