The real estate market around Charlottesville and throughout the state of Virginia is trending in a positive direction. Click on this link for more details. https://www.caar.com/docs/default-source/press-releases/caar-2q_2015_press_release.pdf?sfvrsn=2 This report points to a continued housing market recovery for the rest of 2015 and into 2016. The number of sales have exceeded the same quarter in 2008 which occurred before what turned out to be a more than 3 year free fall before things started getting better in late 2011 and early 2012. Low interest rates trumped the stringent loan underwriting guidelines which has allowed the young, 1st time buyer to purchase a home. Prices increasing modestly has also dampened the appetite of the investor which also has left room for the folks in the market to buy a lower priced property.
To hear more about what is happening click on this podcast https://wina.com/podcasts/real-estate-market-update/ to hear Charlottesville Area Association of Realtors President, Anita Dunbar share her thoughts on where the market is headed.
Rising interest rates and home value appreciation could make it tougher on buyers later this year. Mortgage Banker Association President and CEO, David Stevens shared why recently on the WINA radio show Real Estate Matters with Michael Guthrie. Here is a link to that conversation https://wina.com/podcasts/dave-stevens-ceo-mortgage-bankers-association/
Now may very well be the time to buy or sell a home. Search for the right property by going to www.searchcharlottesville.com You can also get helpful advice whether buying or selling is your desire. You can also Check out our agent directory to find the right professional to help you navigate the process.
Published on 2015-08-04 06:39:31
