CAAR Market Report Highlights Home Prices & Inventory Drop - NBC29 WVIR Charlottesville, VA News,...
There are 1 comment on the NBC29 Charlottesville story from Oct 11, 2011, titled CAAR Market Report Highlights Home Prices & Inventory Drop - NBC29 WVIR Charlottesville, VA News,.... In it, NBC29 Charlottesville reports that:Fewer homes are for sale in central Virginia. According to the Charlottesville Area Association of Realtors' third quarter market report, inventory is down seven percent.
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#2 Oct 12, 2011
This article contained no information about sales of foreclosed properties. The banks are dumping homes for half of there value and that is why there are so many homes in the less than $200K range. Which hurts homeowners that are actually trying to sell their house at fair market value. I believe CAAR should include that percentage in their numbers. Not to say how many more homes will be dumped on the market in 2012 when the foreclosure flood gates open up wide again.
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