Market Insights Blog

Listen to this podcast of Joel Loving talking to Roy Wheeler Realty Company CEO, Michael Guthrie on his weekly radio show http://www.facebook.com/realestatematters by clicking on this link http://www.wina.com/play_window.php?audioType=Episode&audioId=5342566  You can also listen to Part I of this show by going to http://www.wina.com clicking on Real Estate Matters and finsing the podcast of the 6/4 show there.

Although foreclosures are impacting our market, the number of homes in trouble here is less than in other parts of the State as well as nationally.  The other good news is that fewer homeowners are behind on their mortgage payment than had previously been reported. http://www.nbc29.com/story/14860859/charlottesville-home-foreclosures-

http://www.inman.com/news/2011/06/6/harvard-real-estate-recovery-hinges-return-demand  Here is an article that supports our claim that until we can reduce the number of homes on the market, we cannot expect the housing market to recover regardless of lower home prices and low interest rates.  Until that happens, we will remain in a very sensitive

Our Mortgage partner posted this link http://www.newamerican.com/blog/ on their blog today.  The real estate market continues to be a challenge but efforts like the Realtors put forth this past weekend will hopefully result in sellers finding buyers for their homes. 

Click on this link http://blog.coldwellbanker.com/hey-case-shiller-its-not-the-end-of-the-real-estate-world/ and read a very resaonable assessment of what is happening in the housing market and why it "maybe" the right time for you to consider buying your 1st home or moving up to your next one.  As this blog post states and what we have been saying on http://www.facebook.com/realestatemaatters , the buying and selling of real estate continues to be local and therefore you can't make your decisions based on regional or national statistics.  What you can take to the bank is that increased inventory and low interest rates are giving buyers a window of time to buy something for the 1st time, move up, or downsize.  if you are in any one of these categories, you owe it to yourself to take a look and decide whether now might just be the right time for you.

http://www.cnbc.com/id/43165061

Mortgage applications rose for the 4th straight week.  This certainly a result of rates being at the lowest point this year.  The link above shares the story.

Here is the link from the most recent Real Estate Matters with Michael Guthrie radio show.  Click here to listen to why this market is so challenging and what Sellers need to know to make sure they can get their home sold.  http://www.wina.com/play_window.php?audioType=Episode&audioId=5314816

Things to do in and around Charlottesville | May 19 - June 9

 1. Monty Python's Spamalot

Winner of the 2005 Tony Award for Best Musical, Monty Python's Spamalot is the outrageous new musical comedy lovingly ripped off from the film classic "Monty Python and The Holy Grail." Spamalot tells the tale of King Arthur and his Knights of the Round Table as they embark on their quest for the Holy Grail. Flying cows, killer rabbits, taunting Frenchmen and show-stopping musical numbers are just a few of the reasons audiences everywhere are eating up Spamalot.

2. Final Exercises

The Class of 2011 walks down the Lawn.

3. Hypnotist Tom DeLuca

Who knew sleeping could be such a lively activity? Hypnotist Tom DeLuca makes his return to the University for a performance you will not want to miss. A fun family affair for all, his show promises to be an embarrassingly good time. Arrive early to be picked to go on stage!

4. Speidel, Goodrich, Goggin and Lille (SGGL)

All alumni and friends are invited to kick off Reunions Weekend by catching up with friends and listening to the sounds of band Speidel, Goodrich, Goggin and Lille. SGGL formed in Charlottesville in 1983 while the band members were undergrads, and they continue to play to sell-out crowds.

5. Band Parties

Saturday, June 4. Four bands, one price: $30/person, includes complimentary beer and soft drinks (pay at the door). Open to the public.

Jazz Piano Lounge
9-11 p.m., Colonnade Club (Pavilion VII)
Listen to the smooth jazz sounds of Wilfred "88 Keys" Wilson while enjoying coffee and refreshments.

TFC
9-11 p.m., Amphitheater (Inclement weather site: AFC)
From Motown to funk, classic rock to pop, TFC is guaranteed to have you on the dance floor.

The Breakfast Club
10 p.m.-1 a.m., The Big Tent, Alderman Library Plaza (Severe inclement weather site: Memorial Gymnasium)
Party with The Breakfast Club, the longest-established '80s tribute band in the country.

The Connells (sponsored by the Class of 1991)
10-11:15 p.m. Lawn-South End (Inclement weather site: Memorial Gymnasium)
The Connells played for sellout crowds at local favorite, Traxx, in the early '90s, and are excited to come back for another great performance.

The Skip Castro Band
11 p.m.-1 a.m. Amphitheater (Inclement weather site: AFC)
Virginia's legendary four-piece rockin' rhythm and blues and swing boogie-woogie band is excited to be a part of Reunions Weekend again this year

Click on this link http://kcmblog.com/2011/05/17/even-the-naysayers-are-saying-to-buy-now/ to kind out why folks who had said no are now saying yes.

http://kcmblog.com/2011/05/10/5-reasons-you-should-consider-selling-now/