From the category archives:

Market Activity

Millionaires Like Real Estate

February 16, 2014

There was an old Steve Martin routine that began in effect…. “You too can be a millionaire.  And not pay taxes.  First, get a million dollars….”   And it went on from there as only Steve Martin can do.     I thought of that routine when I read this recent Bloomberg article about how millionaires are […]

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Charlottesville Real Estate Tax Update

February 2, 2014

There are always people looking at this as either good news… or bad news.   Half full or half empty?   On the one hand, it’s nice to see ‘value’ rise in local properties.  On the other hand, who wants to pay higher taxes? Regardless, Charlottesville real estate tax information for the past year has been released,  new […]

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County Real Estate Taxes in Central VA

December 1, 2013

Each local county or municipality in Virginia sets its own real estate property tax rates.  The rates are measured as “cents per 100 dollars” of assessed value.  The City of Charlottesville sets its own rates, independent of its surrounding Albemarle County.  The county supervisors or commissioners can decide to change the tax rates by a […]

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Stuck in Mom and Dad’s House

November 12, 2013

According to a Realtor.org report, adult “children” are being tracked statistically as those folks who are under the age of 35.  Last time I checked, that was almost middle-aged, but for the purposes of this study the term is used to differentiate people under the age 35 who are still living in their parent’s homes. […]

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Land Prices Could Signal Market Stability

November 4, 2013

According to estimates quoted by the Wall Street Journal, you can figure that the cost of your land will amount to approximately 40% of the overall price of building a new home.  When… and how… builders invest in land, is central to a builder’s economic survival.  Each geographic region has unique dynamics and different builders […]

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Madison County VA 3rd Quarter 2013

November 2, 2013

Every now and then we like to feature a particular area, to let you see how the overall market is performing.  Here’s a quick snapshot featuring 2 charts for Madison County VA for the 3rd quarter of 2013 market activity totals.  We’ll be bringing you even more detailed information about Madison (and other) counties in the […]

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Mortgage Loan Applications During Government Shutdown

October 1, 2013

It seems to be here.  The U.S. government has officially entered a funding shutdown.  So what’s to become of prospective homeowners who need a government-backed loan in order to purchase a home? First …. Freddie and Fannie loans will continue as usual, because they are funded by fees and not by government funds. But in […]

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Short Sales Correction By Fannie Mae

September 8, 2013

What if the documentation and comparisons of recent sales activity recorded by Fannie Mae… did not acknowledge short sales?   This happened.  Really. Due to a Fannie Mae computer software glitch,  there wasn’t a category for short sales.  So all short sales were put into the ‘foreclosure’ files.    By law, a short sale may prevent the […]

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Charlottesville Real Estate Market Report June 2013

July 15, 2013

Here is the latest Charlottesville Real Estate Market Report as reported by the Charlottesville Association of Realtors for the first half of 2013.

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Swannanoa Palace Open House

June 21, 2013

497 Swannanoa Lane Afton, VA June 29-30, 2013 11:30AM to 5:30PM You don’t want to miss the opportunity to tour this 23000 square foot – 52 room marble palace built in 1912 and modeled after the Villa de Medici in Rome! For more information please visit here.

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