Charlottesville Real Estate

February 26, 2007

Is our market slowing or recovering? I was just asked this question from a client and my answer is : This is our slow time of the year, however I curently have 3 clients building homes in our area. New construction is still active here in Charlottesville. Sure some areas have excess inventory but these are spec homes and some builders are most likely nervous. My clients are still active and just more selective that a year ago. 2007 will be a great year!



National Foreclosure Tracking

February 19, 2007

According to a national foreclosure tracking service more than 1.2 million foreclosure filings were reported nationwide during the year, up 42 percent from 2005 and a foreclosure rate of one foreclosure filing for every 92 U.S. households.

Existing Home Sales to Improve…

February 10, 2007

David Lereah, NAR’s chief economist, is looking for a steady rise in existing-home sales. “After reaching what appears to be the bottom in the fourth quarter of 2006, we expect existing-home sales to gradually rise all this year and well into 2008,” he said. “New-home sales should continue to slide, but we look for that sector to turn around later in the year. When you put it all together, home sales may appear weak in comparison with the record surge in 2005, but they will be sustained at historically high levels that are in line with long-term demand.”

Existing-home sales, after reaching the third highest total on record, 6.48 million in 2006, are forecast at 6.44 million in 2007 and 6.64 million next year. New-home sales, following a fourth-best 1.06 million in 2006, are projected to decline to 961,000 this year and then rise to 971,000 in 2008.

Charlottesville Real Estate – Charles McDonald

February 4, 2007

Many of my clients know that I moved to Charlottesville just 7 years ago from the Bay Area. I searched for a place to raise my children in a area that has the values of a small town and the excitement of a big city. In a nutshell, I was searching for the quality of life we all deserve. After extensive research I found Charlottesville. If you are looking to move and are considering Charlottesville, please give me a call. I would love to share with you the wonderful experience I have had in finding Charlottesville and the various reasons that I decided to live in Charlottesville over all other choices from coast to coast! You deserve one on one real estate advice from an experienced Charlottesville real estate “buyers” agent who has also made the journey to Charlottesville. I will show you luxury homes, land, farms and estates in Charlottesville and Albemarle Country. This real estate includes equestrian properties, golf properties, waterfront homes and country estates.