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The Charlottesville Chamber Survey says things are looking up

February 24, 2011

http://www.nbc29.com/global/story.asp?s=14137102 Click on this link to hear about the results from the annual Chamber survey.  The good news is that businesses expect to increase hiring and expect better profits in 2011 compared to 2010

Thinking of selling your home?  There is more to decide than just price

February 21, 2011

If you are someone thinking of selling this home, there is so much more that you need to know other than price.  Realtors and real estate attorneys can help make this process as stress free as possible.  click on this link to get some very helpful insight into the process. http://www.wina.com/play_window.php?audioType=Episode&audioId=5178649

Thinking of selling your home?  There is more to decide than just price

February 21, 2011

If you are someone thinking of selling this home, there is so much more that you need to know other than price.  Realtors and real estate attorneys can help make this process as stress free as possible.  click on this link to get some very helpful insight into the process. http://www.wina.com/play_window.php?audioType=Episode&audioId=5178649

Virginia General Assembly decisions could impact homeowners

February 19, 2011

The Virginia General Assembly is in session in Richmond.  Items such as refinancing reform, how the grantors tax is determined, and transportation issues can all have an impact on Home Ownership and property values.  Listen to this podcast to hear Realtors, Benton Downer and Mason Graham discuss what these issues are and why they are important to people of the Commonwealth.  http://www.wina.com/play_window.php?audioType=Episode&audioId=5175676  You can also go to http://www.vahomeownersalliance.com/ and register to get timely information on what is happening in your part of the state

New Mortgage Rules and Changes announced by White House

February 12, 2011

President Obama released a white paper that outlined the administration's stance on what needs to happen in these next few years to ease the government's role in home mortgages.  The following link outlines what was said. http://www.newsplex.com/home/headlines/Realtors_Worry_Mortgage_System_Overhaul_Will_Send_Rates_Up_115943669.html I think it is important to note that this changes will not happen overnight and in fact, the announced time period is up to 5 years.  the reason this is important is that 90% of all home mortgages are bought by FNNA or Freddie Mac which are agencies the White House hopes to sunset as part of the overall plan.  If and when mortgages are all privately funded you can expect interest rates to rise and long term mortgages will be harder to find as private investors will not want to bet on 30 year mortgage rates and will have more of an appetite for short term adjustable rate mortgages.  One can expect this to be a long term process because the government knows it has to be careful with this very fragile housing market and these changes could dampen any type of recovery that might be underway.

Waiting for Home Prices to fall isn't always the best move

February 11, 2011

Steve Harney, one of Inman's 100 Most Influential in real estate, posted an interesting blog on what can happen while you wait for the right time to buy.  Click on this link to read what he had to say http://kcmblog.com/2011/02/11/the-cost-of-waiting-for-prices-to-fall/

The Chamber's Quadruplicity Event was once again a great success

February 11, 2011

Here is one person's take aways from this chocked filled one day conference for women.  Congrats to the Athena Winner, Liza Borches from Myers Automotive. http://ht.ly/3UQjl  

Do Albemarle County Real Estate Assessments mean the housing market is recovering?

February 2, 2011

This http://www.dailyprogress.com article could be another sign that the real market is improving.  Click on this link to read more.  http://www2.dailyprogress.com/news/2011/jan/31/do-new-assessments-signal-better-days-ar-811717/

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