The price of any item is determined by the supply of that item, and the market demand. The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report which gives insight into today’s market conditions. Inventory Levels & Demand Sales of existing homes rose 5.1% month-over-month in March and are 1.5% higher than this time last year. Sales rose in all
The Gallup organization recently released a survey in which Americans were asked to rank what they considered to be the “best long term investment.” Real estate ranked number one, with 35% of those surveyed saying it was a better long term investment than stocks & mutual funds, gold, savings accounts or bonds. Here is the breakdown: The survey revealed that real estate was the
THIS IS A BIG DEAL! This may be the first time in FIVE years that we will see a PURPOSEFUL rise in interest rates. This information is only important if I’m planning to buy right? No, this is important for both buyers and sellers. As a buyer, an increase in interest rates could mean that you have WAY LESS affordability
Learn more about the market in our area! In 2014, sals in the Charlottesville area were up 2.0% from 2013, and the number is expected to rise in 2015! This is an ideal time to reach out and find out what your options are and how the Sasha Farmer Team can help! Take a look here, and then give
