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housing sales: Buying a Home NOW - Some Validation from USA Today - 09/14/09 09:08 AM
I feel a teensy bit validated, now that USA Today is featuring an article on the two reasons to buy a home NOW - the historically low interest rates AND the first time home buyer tax credit.  Of course, this "buy a home NOW!" advice only applies to people who have stable jobs, consistent income, some money to put down, and were planning to buy a home in the foreseeable future anyway. 
As always, if you need an agent in Richmond, Virginia, I am happy to help with the home buying process.  Otherwise, best of luck in your hunt for the perfect home!
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housing sales: Analysis of the Central Virginia Area Housing Market - Second Quarter 2009 - 07/31/09 01:08 PM
Well, this report was released a few weeks ago, I thought I'd post it, it is still pretty interesting.  I've included the ENTIRE 21-page report here, and the 2-page synopsis here.  The report is prepared by George Mason University, and contains some interesting information, like:
Sales increased 63% between the 1Q and 2Q of 2009, a larger-than-average Spring "bump." 48% - almost HALF! - of the sales in the Richmond metropolitan region for 2Q 2009 were under $200,000, compared to 37% of sales in 2Q 2008. Homes under $200,000 spent an average of 73 days on market ("DOM"), compared to 100 DOM for homes … (0 comments)

 

Melissa Loughridge Savenko

Richmond, VA

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RE/MAX Commonwealth

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