CAAR Third Quarter Market Report Just Released!

There were some awesome highlights this time around! Charlottesville Area 3rd Quarter 2013 Highlights: Overall sales in Greater Charlottesville were up 25.9% over the same quarter last year and represented the highest 3rd Quarter sales total since 2007. The median sales price of $267,612 in the 3rd Quarter was up 11.6% from Q3-2012, the highest year-over- year price gain of


Real Estate Provisions in the Fiscal Cliff Bill

For those of you wondering about what the fiscal cliff means for real estate, what is going to happen with the mortgage interest deduction, and what will happen with capital gains taxes and estate taxes, check out this very brief summary of the fiscal cliff provisions regarding real estate.  These are current as of January 1, when both the Senate and


Remodeling Cost vs. Value Report for 2011-2012 Released

Before you spend thousands of dollars on a home renovation that you hope will add value to your house (and not just enjoyment), take a look at Remodeling Magazine’s annual list of remodeling cost vs. value for the mid-atlantic region first!  This list provides a national survey highlighting which improvements are the most valuable and will produce the highest return


Is Now a Good Time to Buy?

Time Magazine’s September 11 cover story attempts to make a strong case against homeownership in the article found here; but I have actually found my recent conversations with clients (current and pending) to present a story that is quite the opposite. Are you still debating whether or not it is a “good time to buy”?  It is never a good


Forbes Names Virginia as Best Business State

According to Forbes Magazine, Virginia is the best business state yet again (for the 4th year running), “booming compared to the rest of the nation.” http://www.forbes.com/2009/09/23/best-states-for-business-beltway-best-states.html Forbes attributes this to our highly educated workforce, low energy usage, and business-friendly incentives.


Regional Housing Conference 2008

From today’s press release:  A broad coalition of organizations has come together to plan a regional housing conference to grapple with issues and develop an action agenda for our region. The Regional Housing Conference “Finding Common Ground” will provide opportunities to participate in in-depth discussions on a variety of topics, including: Emerging housing approaches Density & Sprawl Community Design Possible


The Virginia Foreclosure Market

Courtesy of Virginia Business Magazine, here is a good article on how Virginia’s housing market has fared in 2007, despite trouble nationwide with foreclosures. As stated in the article, “At a time when foreclosures are soaring and some mortgage lenders have gone out of business, plenty of homebuilders would gladly trade places with Genuario. And homeowners in other states can’t


CAAR 2007 Year End Market Report

The full 2007 Charlottesville/Albemarle Association of Realtors Year End Market Report can be found here. Admittedly, 2007 was a markedly different from the handful of years preceding it, where the market was on fire and if you had a home to sell, you had a sale. We are now finding a strong advantage towards buyers that we will expect to see for