Time to break out the scarves and sweaters...fall is officially here! If working and learning from home has the whole family itching for an escape, venture out of the house to check out some of the fun events happening throughout the RVA area this fall.
For an old-fashioned movie night under the stars, head to the drive-in movies at West Broad Village in Glen Allen! Each showing features a different spooky, family-friendly flick to get the whole family ready for Halloween. Tune into the movie from your car's radio, bring some snacks and enjoy! Tickets are free and spots must be reserved ahead of time. Movies are shown on October 2, 9, 16, and 23, starting at 7:30pm.
Join RCI Builders at Hickory Hill for a Fall Festival on Saturday, October 24th from 1-5pm. Tour RCI's beautiful model home while enjoying live music and food available from Boka Tako Food Truck. The kids will enjoy the bounce houses, hayrides, pumpkin decorating and more! The festival is free, but they do request nonperishable items to donate to Moments of Hope Outreach. It is sure to be a day full of fun!
While the Richmond Folk Festival will not be happening in-person on Richmond's waterfront this year, you can still enjoy new musical performances, cooking demonstrations and other fun family activities! The festival will take place virtually from October 9-11, and is completely free. In the weeks leading up to the festival, head to Brown's Island for an engaging scavenger hunt or to participate in Kevin Orlosky's interactive art installation. During the festival, visit RichmondFolkFestival.org to livestream the event!
It's not fall without picking pumpkins! For the complete pumpkin picking experience, head to Skinquarter Farms in Moseley. This family-owned farm and produce stand offers pick-your-own-pumpkins, hayrides, a corn maze and more! Pumpkins are reasonably priced at 69 cents per pound and they even offer discount weekends based on the location on your driver's license. The pumpkin patch is open 7 days a week throughout the season!
For a fun day and spooky night, book a ticket for the Gourds, Goblets and Ghouls Festival at Hanover Vegetable Farm in Ashland! Kids will love the petting barn, corn maze and pumpkin picking, while guests over 21 will enjoy wine, cider and beer from local vendors. When it gets dark, the Red Vein Haunted House will be open for a good scare! Sponsored by Hometown Realty's own Liz Chambers and Steve Pace, this festival takes place on October 10th and 11th. You won't want to miss it!
Video: Hope and Confidence.
A DAY TO CELEBRATE!!
In fact, is ONE Day enough??
Existing Home Sales Strengthen!!
Learn everything you need to know before buying a house!!
Top 10 Cities where Homes are Vanishing Fastest.
Median list price: $311,500
Decrease in inventory: -36.8%
Drop in square footage on the market: 4,192,000
The job market in the capital of Virginia is on a tear, and so are home prices—up 7% in August year over year, after a 9% jump the year prior. And around 1 in 3 homes in Richmond end with multiple offers.
The amount of lost inventory in Richmond is equivalent to more than eight James Monroe Buildings, the tallest building in the city. (It's a 29-story office tower with about 500,000 square feet of space.)
The housing shortage would be even lower if home builders weren't putting up new homes at a frantic pace. New construction accounts for 27.6% of homes in Richmond for August.
On the 8th Day, God made a REALTOR(r) (By Steve Harvey)
1st Time Homebuyers have made a huge positive impact on the Real Estate Market.
Would you like to find out how you can be one of them?
U.S. New Home Sales Rise...
...to near 8.5-year high in June of 2016!!
New Homes Market Growing
Home Sales Are Up 14%!!!
Richmond is Predicted to be the 4th Hottest Real Estate Market in 2016 !!
A Positive Market Outlook for the next year or more.
Va. home sales record strongest second quarter in seven years - By CAROL HAZARD Richmond Times-Dispatch
The Virginia residential real estate market saw its strongest second quarter since the 2008 recession, with sales volume reaching $10.6 billion, up 11 percent from the same period a year ago, according to a report released Tuesday by Virginia Association of Realtors.
The rise in dollar value was attributed to an increase in the number of homes sold, since the median sales... price — with half the homes selling for more and half for less — fell slightly.
The median price in Virginia was $259,990 in the second quarter, down 2.6 percent from the same period a year ago, according to the report. The number of sales statewide in the same time period rose 9.9 percent to 31,650. The median price rose in six of seven regions, including central Virginia, where it ticked up 5.7 percent in the second quarter to $219,000 from a year ago.
Central Virginia is made up of Richmond, the Tri-Cities and 18 surrounding counties. (The Richmond Association of Realtors reported last week that the median sales price was $223,530 for the 16-jurisdiction that makes up its Central Virginia region.)
The number of sales in the region during the quarter rose 13.9 percent from a year ago to 5,336, the Virginia Association of Realtors said. "The strength of these second-quarter results points to sustained improvement in Virginia's residential real estate market," said Deborah Baisden, president of the Virginia Association of Realtors.
Forbes Quotes LPL Research and says that Virginia is the best state in the nation to prepare for retirement. While it is not saying it is the best place to retire, it is the best place to get to that wonderful place called Retirement.
One of my favorite Historical quotes about our Real Estate industry:
WHAT IS THE REAL ESTATE BOARD?
"The Real Estate Board is to the Real Estate profession what the Bar Association is to the lawyer and the Medical Association is to a doctor. It is a force for good. It is a force for the betterment of its practitioners and the public they serve. In such an association there are crystallized the rules of conduct, the guides and standards of stern discipline, which proclaim to the community the sense of integrity and the high qualities and ideals which you demand and which characterize the service of men of good will engaged in an honorable profession."
Justice Frankenthaler of the New York Supreme Court 1930's & 1940's
In spite of 2 real estate recessions in the past 25 years, where prices declined for the first time in over half a century, homeowners in America still regard owning a home as an excellent investment. THEY ARE RIGHT!!. Home Ownership is probably the best, most stable and most practical investment anyone will make in the course of their lifetime.
Rising property values
According to a CoreLogic report, home prices rose by a staggering 8.8 percent year-over-year in May. This makes May the 27th consecutive month of year-over-year increases in U.S. home values. Month-over-month, nationwide home prices increased 1.4 percent in May.
Excluding distressed sales, home prices rose 8.1 percent year-over-year in May and 1.2 percent month-over-month. Even without distressed sales, annual increases in price were seen in all 50 states and the District of Columbia.
"Home prices are continuing to climb across most of the country which has both positive and negative implications for the housing market," said Anand Nallathambi, president and CEO of CoreLogic. "While the rapid rise in prices over the past two years has lifted many homeowners out of negative equity, it has also become a negative factor in buying decisions for prospective purchasers weighing affordability concerns. As we move ahead, a moderation in home price increases over the next twelve months should help cool things down a bit and keep the housing recovery going."
Fewer distressed properties
"Prices continue to rise across most of the country and significantly fewer borrowers are underwater today compared to last year," said Anand Nallathambi, president and CEO of CoreLogic. "An additional rise in home prices of 5 percent, which we are projecting will occur over the next 12 months, will lift another 1.2 million properties out of the negative equity trap."
CoreLogic also reported a slight drop in the number of completed foreclosures in April, and a year-over-year decrease in foreclosure inventory in lockstep with the decrease in negative equity properties. There were 46,000 completed foreclosures in April 2014, down 0.4 percent from March's 47,000 figure and 18 percent from April 2013's figure of 56,000 completed foreclosures. All three figures remain significantly above the average rate of completed foreclosures between 2000 and 2006 of 21,000 per month.
"Over the last 12 months, completed foreclosures fell to 599,000, the lowest level since the Great Recession began in 2007," said Sam Khater, deputy chief economist for CoreLogic. "At the current pace of completed foreclosures, and given the current foreclosure inventory, it will take 14 months to move all of the foreclosed inventory through the pipeline."
This trend may not show the surging home prices seen last year, but many believe this growth could be more sustainable in the long term.