Category Archives: Virginia Market
Foreclosures increase substantially in state and Richmond area
Virginia had the 15th highest foreclosure rate among the 50 states and the District of Columbia in the first quarter, according to figures released yesterday by RealtyTrac, an online resource of foreclosed properties. One in every 246 households in Virginia — or a total of 13,151 — received notices of default, auction sales and bank [...]
Richmond joins record drop in home prices
From the February 14, 2008 Richmond Times Dispatch: Richmond joins record drop in home prices Richmond was one of a record number of U.S. metropolitan areas where home prices fell in the fourth quarter, according to a report just out from the National Association of Realtors. The report released this morning shows the median sales [...]
Study says Va. ranked 24th in 2007 foreclosures – News – inRich.com
The foreclosure rate in Virginia remains fast and swift. However, in a nationwide ranking, Virginia ranked right in the middle. I guess that is good news. Study says Va. ranked 24th in 2007 foreclosures – News – inRich.com Hopefully, our ranking will go down with some of the loan modification agreements that the major lenders [...]
Nationwide Housing prices fell nearly 4 percent in ’07
Here is a summary of the national housing market in 2007. Housing prices fell nearly 4 percent in ’07 / nwi.com Real Estate is highly local. National trends are simply averages of the whole nation. Each state has its own board of realtors, and each state is different. Every month, the Virginia Association of Realtors [...]
Arlington Virginia Housing Market a Hot Spot for Sales – Virginia Real Estate News
Want to know what is happening in Northern Virginia Real Estate Market? Check out this analysis Read All About It: Arlington Virginia Housing Market a Hot Spot for Sales | Virginia Real Estate News
Pricing reality in the Williamsburg Virginia Housing Market.
Here is a take on real estate in the Williamsburg area from January 26, 2008 Virginia Gazette. The Virginia Association of Realtors said home sales statewide fell 15% from 2006 to 2007. While home values continued to grow, by a little over 1%, they grew at a slower rate than they have on average over [...]
Housing outlook unchanged – Richmond, Virginia
Here is a recent update on the "Housing Market" in Richmond. The Richmond Times Dispatch January 25, 2008 Highlights: The housing market in central Virginia is not likely to improve until the end of this year, housing experts say. House sales in Virginia and the Richmond area fell last year — 15 percent for the [...]
Article: Virginia Foreclosures Rising
In the Dec 23 Richmond Times Dispatch, there was an article entitled: Virginia Foreclosures Rising. Here are a few quotes: The number of foreclosures in Virginia is expected to rise to about 14,000 this year, up from 4,354 in 2006, and could hit 20,000 next year, according to Housing Opportunities Made Equal Inc., a housing [...]
Sell your home slowly
It’s a Buyers Market. People Are Taking Their Time Looking – Because They Can I talk with a lot of sellers who just can’t sell their homes anymore. Inventory is way to high, and sellers are still asking for last year’s prices. Check out this article about the Virginia housing market
Housing Market: Housing Prices continue to fall nationwide
The Washington Post reported that the median price for a house in the United States has declined 4.5%. Read it at ‘No Real Positive News’ Seen As Home Prices Continue to Fall – washingtonpost.com. We talk with sellers on a regular basis that want to sell their house fast. However, a home sellers expectation is [...]
