From Inman news

The real estate boom experienced by much of the nation during the last several years was part of a predictable economic cycle, according to a study released by First American Real Estate Solutions. The study, “The Cycle Turns,” identifies predictable forces and trends that occur in residential real estate markets and suggests strategies for prospective home buyers to get the most out of their real…

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Rural area comp plan

"Albemarle County supervisors passed the rural areas chapter of its Comprehensive Plan on Wednesday and discussed a method to generate support for development in urban areas. DP Reports. The County needs to make their process for getting projects approved/declined more efficient. There was a recent article (which I cannot find now) that the process is so bogged down in governmental staff and red tape that...

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More notes from the Realtor meeting

Albemarle will spend about $10K per student next year, comparable to some of the private schools! …There are more than 12,000 students in the Albemarle County School System. The SAT scores are 70 points over the national average – better than Loudon County and Prince William County schools. 81% of seniors took the SATs, up from 71% (no date range was given) They handed out…

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Realtor meeting this morning

Anne’s Belfield (of which I am an alumnus) and the speakers were representing the Albemarle County School System. Kevin Castner, the Superintendent and Gordon Walker, the chair of the school board, both spoke…. Rather than address this fiasco head-on, Dr. Castner rather reluctantly spoke briefly about the future of redistricting and did not even touch on why the redistricting process was stopped. Albemarle is truly…

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Why?

I am (much to the chagrin of my family) available almost 24 hours a day to answer my clients’ questions and those of potential buyers and sellers. …Seller wanted to go with X realty because they had the biggest local market share…. Most of the buyers in our market are not coming from our market! The local presence is not nearly as important when considering…

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National statistics

“Ofheo (Office of Federal Housing Enterprise Oversight) says that average home prices rose 11.17 percent from the fourth quarter of 2003 to the fourth quarter of 2004…. But what happened to home prices just in those last three months of 2004?… Average home prices rose 1.69 percent in the fourth quarter, for an annualize rate of 6.77 percent.” …We continue to have a simple supply…

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