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.
From US News and World Report:
On the 8th Day, God made a REALTOR(r) (By Steve Harvey)
U.S. New Home Sales Rise...
...to near 8.5-year high in June of 2016!!
New Home Tips: Just Moving In
Richmond is the #2 Trendiest City in the US...
...In which to Buy a Home !!
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.