From the category archives:

Economic Trends

Charlottesville Businesses Offer New Phone App

November 1, 2011

Call me old-fashioned.   Well actually, you might have to get in line, to call me old-fashioned.  However I do love technology, to the extent that sometimes I see people’s eyes glaze a bit while they mutter the ‘geek’ word.  I can’t help it.  Despite old-fashioned tendencies, I love innovation.  But for some reason when I learned about the following article’s details, the [...]

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A Look at the Current Charlottesville Housing Market

October 31, 2011

Barry Merchant, an economist with the Virginia Housing Development Authority, visits the Charlottesville Area Association of Realtors twice a year to advise us of the current economic trends and more importantly how they are impacting the Central Virginia real estate market. Read here his latest presentation given at Farmington Country Club on October 26, 2011.

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Darden School Offers Advice For Entrepreneurs

October 26, 2011

The Darden School of Business at the University of Virginia has just announced their schedule for their upcoming conference on Entrepreneurship.  This is a 2-day event to be held Nov. 3-4  (free for students and faculty, and only $50 for other attendees) that offers discussion from some of the most intelligent and successful humans on [...]

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Poverty-By-State for the Past 10 Years

September 22, 2011

Last year the official poverty level of income in the U.S. for a family of 4 was $22,314.  We hear a lot of talk about increasing poverty with the recent prolonged recession, and now we have an INTERACTIVE MAP that documents the amount of poverty in each state over the past 10 years.    Be sure to [...]

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VDOT – Are You Listening?

August 8, 2011

The Virginia Dep’t. of Transportation is sometimes an unavoidable target of frustrated Virginians’ dinner table conversations.  Like other states, budget-cutting has led to gripes about the lack of infrastructure in many areas of VA.   Though our roadways, on the whole, seem a bit superior to other states (we’ll be polite and not name the states with really pitiful roadways in our opinion) … still [...]

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Are We Still in a Buyer’s Market?

July 28, 2011

The way most Realtors calculate the pace of the real estate market is through Absorption Rate Analysis. That is the number of currently for sale properties divided by the number of sold properties over a determined number of months and then divided by the number of months to derive a number of predicted sales per [...]

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Mortgage Loan Assistance From Charlottesville Program

July 6, 2011

For area residents who are in danger of losing their homes due to foreclosures, there is a federal program called the Emergency Homeowners Loan Program.   Locally in Charlottesville the program is administered through the Piedmont Housing Alliance (PHA). The loans are for people who have been laid off or are unable to work because of a medical [...]

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Charlottesville Unemployment Rate Update

June 30, 2011

Charlottesville area unemployment rates at 4.9% at end of May 2011 …. remaining well below the high rates of 6.8% in January of 2010. This link has more information.

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Realtors Know

June 24, 2011

One Realtor’s opinion time. Honestly…. whether you use our services or those of one of our competitors… you owe it to yourself to utilize the services of a full-time Realtor.   A good Realtor can almost always get more money for his seller than the Seller could get on his own… even including the real estate [...]

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Homeowner’s Underwater Financing Pressures

June 11, 2011

Inman News (using a data aggregator called Core Logic, a real estate information source), has released an article this week about the impact of homeowner’s utilization of home equity loans.  Their numbers reveal the struggle that homeowners are having as they try to hang on in financially troubled times. They say that 40% of underwater borrowers took [...]

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