market trends: I hope it's just a coincidence, but history may be repeating itself.
- 08/13/14 07:02 AM
I hope it's just a coincidence, but history appears to be repeating itself. In the early winter of 2007 I was receiving 20-40 BPO (Broker Price Opinions) requests a month. That had been the norm since the middle of 2007. In the spring of 2008, that number went to 40-60. By the end of summer that number of 60-80, and then September happened. The local real estate market collapsed along with much of the country. By the middle of 2009, we were in the worst recession since the Great Depression. The BPO requests at that point were 90-120 a month. Houses were … (55 comments)
market trends: Winchester VA Real Estate Market Slowed in November 2012
- 12/01/12 08:19 AM
The Winchester VA real estate market slowed in November. There were 89 properties closed in November. That is down 24% from October 2012. October closed 118 properties. Ironically, October was up 6% from September. Is it any wonder that individuals are having trouble timing the market? Distressed properties played a significant role in November. Of the 89 properties sold, 31% were distressed properties. Short sales made up 16 of those sales, and foreclosures made up the remaining 12. The last week of the month closed 8 distressed properties, or 39% of closed sales. Those distressed property numbers may sound high, … (2 comments)
I hope it's just a coincidence, but history appears to be repeating itself. In the early winter of 2007 I was receiving 20-40 BPO (Broker Price Opinions) requests a month. That had been the norm since the middle of 2007. In the spring of 2008, that number went to 40-60. By the end of summer that number of 60-80, and then September happened. 
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