Sales of existing homes increased in February and remain within a fairly stable range, according to the National Association of REALTORS.  Existing home sales including single family, townhomes, condos and co-ops rose 2.9%.  

Regionally, existing home sales in the Northeast jumped 11.3%.  In the Midwest the gain was 2.5%.  In the South, the increase was 2.1%.  However, in the West the slip was 1.1%.  We are sure that the media will continue to focus on the west coast market and ignore the good news everywhere else.

So things are looking up and our phones are ringing....let's celebrate!

 

Spring Planting
03/29/2008
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Here in Richmond, VA we are constantly teased by warm weather early in the year. Spring fever runs high as early as February. The jonquils have already bloomed and the tulips are not far behind. The yards are loaded with robins and there is color… more
That Extra Room
03/15/2008
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A home office or computer room is becoming a must have for many homeowners according to a recent survey of real estate agents. 93% of the agents polled said that their buyers were interested in a room specifically for this purpose. The JELD-WEN… more
The Big Spring
03/08/2008
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We're Moving
03/08/2008
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Guess What? We've changed companies. We decided to join Elite Real Estate. Elite is a" boutique" real estate office located in the West End of Henrico County. It is not a franchise and was actually started right here in Richmond, VA… more
Luxury Homes
02/27/2008
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Here is something fun to do. Whether you are buying a luxury home or just like to pretend to vacation in one, the NYTimes. com announced this week that Great Homes and Destinations, it's national real estate on-line luxury environment, will… more
New Home Starts
02/26/2008
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Are you ready for some good news? Turn off the television and read this. New building permits were down 3% to an annual rate of 1. 048 million units, which was pretty close to expectations. The home building industry of course is in the process of… more
Real Estate News
02/22/2008
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Don't fear gradually falling prices. According to Realtor Magazine people shouldn't fear gradually falling home prices. There is nothing troubling about a gradual correction of home prices. If we keep our incomes at the current level and… more
Choosing a Handyman
02/21/2008
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Help for homeowners: Choosing a Handyman* Whether it's a big project such as a bathroom remodel, something small like putting up shelves, or repairs and routine maintenance, many homeowners turn to handymen to get the job done. It used to be… more
A good time to put things in perspective.
02/18/2008
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We're selling our home. Now there is nothing unusual about this, it's our 7th move in 13 years. I suspect that a surprising number of people in Real Estate sales have a similar story, when you are in and out of 34 or 40 homes a week sooner… more
 

JD & Lynda Donahue

Richmond, VA

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Long & Foster, Realtors

Cell Phone: (804) 363-9666

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