Posts tagged Jim Duncan Charlottesville Realtor

Foreclosures, FHA and Tax Credit Timelines and a Look at 2010

Some of the topics we discussed: – Foreclosures in Charlottesville’s MSA – FHA’s increasing limits/guidelines (story coming later this week) and their impact on the real estate market, specifically first-time homebuyers. – The homebuyer tax credit’s impending expiration – If you’re buying a home, you must have it under contract by 30 April 2010 . – How much time do buyers and sellers have before FHA and homebuyer tax credit hit the market? … I appreciate you waiting while I could do that because I wanted to share that press conference with people because folks haven’t have a chance yet to hear WINA has been playing extended clips but they haven’t had a chance to hear the entire thing from beginning to end and if we have time again today I’m going to play that again and it will be podcast and .

…We have the volume of sales in the Charlottesville area are up in some categories dramatically from a percentage wise year over year or actually quarter over quarter, but what we’re seeing is I think that that may be a false indication of what’s going to happen in the next three to five years. … Duncan: One of the things that I think we’re seeing now is that the people who are buying now are doing it now with the intent to be in the community and that’s something that we haven’t seen over the last five to seven years.

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