March Real Estate Numbers Show Market...

March Real Estate Numbers Show Market Starting to Stabilize - NBC29 WVIR Charlottesville, VA News...

There are 10 comments on the NBC29 Charlottesville story from Apr 17, 2012, titled March Real Estate Numbers Show Market Starting to Stabilize - NBC29 WVIR Charlottesville, VA News.... In it, NBC29 Charlottesville reports that:

New real estate numbers for central Virginia are out Tuesday. They show a housing market starting to stabilize, and some realtors are even using the word "rebound". Overall, realtors say home prices are down, but sales are up and it's taking less time for buyers and sellers to strike a deal.

Join the discussion below, or Read more at NBC29 Charlottesville.

joe

Luray, VA

#1 Apr 17, 2012
Obama said this would happen!
GoUVa

Bristow, VA

#2 Apr 17, 2012
I bet Bozo Bob doesn't blame Obama for this! He'll want all the credit himself when he hears about it in a few days once he's brown nosed Romney enough and finished handling the affairs of the Republican Governor's Association.
the truth

Charlottesville, VA

#3 Apr 17, 2012
Every Spring there's the hope that the turn toward good times--that is, price appreciation--is just around the corner. Realistically, in this area, it's not for some time. But RE lives in the moment. With contracts and viewings up over 2011, there will be froth on Realtor blogs and in the local media outlets that report the trade association data without perspective. There will be comparisons of 2012 v. the past two years (previous years be damned). There will also be anecdotes about well-priced properties (ie, those at 2003 levels) receiving multiple offers. All of this is the expected celebration. But it doesn't necessarily translate into a market "recovery" or sales to hit a sustainable pace for the rest of the year.

Albemarle $250k down $94,400 or 28% from 2006 peak
Charlottesville $225k down $56,250 or 20% from 2008 peak
Fluvanna $210k down $52,650 or 17% from 2007 peak
Greene $235k down $79,900 or 25% from 2007 peak
Louisa $199k down $50,000 or 22% from 2007 (and, tax cred, 2010) peak
Nelson $220k down $119,000 or 34% from 2006 peak
Orange $140k down $171,525 or 57% from 2007 peak
zZz

Charlottesville, VA

#4 Apr 17, 2012
The tax assessors are starting to get excited ....
Ron Burgundy

Rockville, MD

#5 Apr 17, 2012
I believe I'm gettin a woodie...
zZz

Charlottesville, VA

#6 Apr 17, 2012
Ron Burgundy wrote:
I believe I'm gettin a woodie...
Easy Ron; don't shoot your wad before the vote.
reality bites

Charlottesville, VA

#7 Apr 17, 2012
the truth wrote:
Every Spring there's the hope that the turn toward good times--that is, price appreciation--is just around the corner. Realistically, in this area, it's not for some time. But RE lives in the moment. With contracts and viewings up over 2011, there will be froth on Realtor blogs and in the local media outlets that report the trade association data without perspective. There will be comparisons of 2012 v. the past two years (previous years be damned). There will also be anecdotes about well-priced properties (ie, those at 2003 levels) receiving multiple offers. All of this is the expected celebration. But it doesn't necessarily translate into a market "recovery" or sales to hit a sustainable pace for the rest of the year.
Albemarle $250k down $94,400 or 28% from 2006 peak
Charlottesville $225k down $56,250 or 20% from 2008 peak
Fluvanna $210k down $52,650 or 17% from 2007 peak
Greene $235k down $79,900 or 25% from 2007 peak
Louisa $199k down $50,000 or 22% from 2007 (and, tax cred, 2010) peak
Nelson $220k down $119,000 or 34% from 2006 peak
Orange $140k down $171,525 or 57% from 2007 peak
You do not speaketh with forked tongue. At least someone else around here can see through the hipe.
jorgezkendrick

Tempe, AZ

#8 Apr 18, 2012
The new 123 Refinance program could benefit 2-3 millions of upside-down homeowners in the US
jorgezkendrick

Santa Clara, CA

#9 Apr 18, 2012
123 Refinance reported that the Fixed mortgage rates are at their lowest level in six decades for the second straight week. That's a great opportunity for those looking to buy or refinance a home.
reality bites

Charlottesville, VA

#10 Apr 18, 2012
Right, and whatever we may gain in a lower mortgage rate goes into the gas tank.

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