Tag: market

What’s the Blacksburg Real Estate Market Doing?

Since January 1, it seems, real estate agents in Blacksburg seem to have been saying – to each other, to their clients, to anyone – what IS going on in the Blacksburg real estate market? Historically we follow a traditional bell curve, borrowing at simple loans for good financing and with more properties starting to come on the market in Mach, climbing to a high around May/June/July, and then falling to yearly lows in November and December … only to do it all again the following year. That’s what it’s USUALLY like. But 2016 hasn’t been usual, it seems, so this …

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The Roanoke Times – Rise in Real Estate Activity

The New River Valley real estate market is shifting – no doubt about that – and buyers and sellers will need to adjust. We still have some challenges, but things are improving. Sarah Cox of The Roanoke Times wrote about it in this past Sunday’s real estate section. _______________ Agents report rise in activity – Sarah Cox, The Roanoke Times, 6/10/12 Several New River Valley REALTORS say consumer confidence is growing Representatives of the National Association of REALTORS announced at the end of April their belief that the beginning of a recovery in the U.S. housing market is evident. Sales …

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Real Estate Market Distribution in the New River Valley

Most of the time when reporting real estate market updates, we focus on sales prices – what’s the high, the low, the median.  The New River Valley Association of Realtors just sent out a market update that I thought was interesting, though, showing, among other things, the market distribution between Sept 09 – Aug 10.  Here’s what it looks like in a pie chart: It’s an interesting visual.  Montgomery County accounts for nearly 52% of all real estate sold in the New River Valley (760 sales totaling more than $151 million), with the City of Galax coming in at .61% …

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The September 2010 Employment Report Doesn’t Mean Much – Yet

Dan Green wrote a post today about the latest jobs report, and how it impacted home prices in his market of Ohio.  According to Dan’s post: “… 95,000 jobs were lost in September. Economists expected a net loss of 5,000.  However, if public sector jobs are excluded from the final figures, jobs actually grew by 64,000.  This is a positive for the private-sector, but the numbers still trailed expectations. Wall Street is voting with its dollars right now and mortgage bonds are gaining, improving mortgage pricing.” Nationwide there’s a lot of uncertainty and confusion in the real estate market right …

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Well? Is It Really A Good Time To Buy New River Valley Real Estate? Part One …

Reprinted from the Wall Street Journal – see the full article here.  Part Two forthcoming, with my thoughts.  What do you think? Enough with the doom and gloom about homeownership. Sure, maybe there’s more pain to come in the housing market. But when Time magazine starts running covers that declare “Owning a home may no longer make economic sense,” it’s time to say: Enough is enough. This is what “capitulation” looks like. Everyone has given up. After all, at the peak of the bubble five years ago, Time had a different take. “Home Sweet Home,” declared its cover then, as …

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My Mistake – Here’s The Real Look at the New River Valley Real Estate Market

I’ve spent the morning working on Activity Reports for my listings – they’re a look at a very refined, specific price point for each listing, and shows what’s happened in the New River Valley market in that price point during the last month.  One of the things I found interesting was just how different our market is right now.  While the Activity Report looks at a very specific section of the market, I also wanted to know what real estate had been doing across the entire residential market … the numbers were surprising. I said in March I thought the …

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