Is the Recession Slowing? Good News for Richmond, Virginia - 06/17/09 10:54 AM
Here are two articles which suggest that a slow, steady economic recovery may be in the not-too-distant future for Richmond.  For the ultimate impact of the recession, one article puts Richmond in the middle of the Top 100 largest metropolitan areas in the United States.  That means the recession has been milder here compared to about 50% of the other major metropolitan areas in the United States.  For example, with respect to a decline in home prices year-over-year, the Greater Richmond Metropolitan area, which will include the surrounding counties, has seen only a 2.2% drop in 1Q 2009 compared to 1Q 2008.  All … (3 comments)

The Death of Suburbia as We Know It? - 06/09/09 11:05 PM
Being in real estate, and because I work primarily in historic urban neighborhoods, I found this week's Style Weekly cover story especially fascinating.  The title is "Neighbors In Waiting" and the subtitle is intentionally provocative - "The country's real estate meltdown hasn't just sparked a recession - it may have ended modern-day suburbia."
Now, let me say for the record that I am completely and totally one of those people who has drunk the Kool-Aid and doesn't understand why everyone doesn't want to live in a walkable, historic City neighborhood.  And if I am ever consigned to the 9th ring of Hell, I'll be doomed to … (1 comments)

 

Melissa Loughridge Savenko

Richmond, VA

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RE/MAX Commonwealth

Address: 509-511 N. Meadow Street, Richmond, VA, 23220

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