market report: Should Buyers and Sellers buy or sell now or WAIT? Interest Rates affect the market!
- 01/27/11 01:13 AM
Crazy times we live in.... Home prices nationally leveling off, but in some areas they may still go down this year (prices will be different locally). This year many people hope will be the year of stabilization. What should buyers and sellers do in the meantime? The economic message to both Buyers and Sellers, DON'T WAIT!!! (Especially in Hampton Roads, Virginia). Buyers can get a better rate before interest rates rise even more (around 3.75 in OCT-NOV to around 4.75 now, do the math) AND Sellers don't have to worry about a future price reduction! Buyers, home prices may or may not … (0 comments)
market report: Price range of homes that are selling the most in November 2010 - Chesapeake, Norfolk, Portsmouth and Virginia Beach, VA
- 01/08/11 02:35 AM
Many people ask me "how is the market?". Well, depending on the stats you look you will get a different picture. So what approach did I take? I looked at the number of homes that actually closed in November 2010. Then separated them by price range. Here is the link to the number of homes that closed for Chesapeake, Norfolk, Portsmouth, and Virginia Beach, Virginia in the month of November 2010: http://www.carloscardo.com/City-Reports-Dec10.html This is probably the most solid number I chose to use instead of under contract or pending. The reason is closed means closed. These numbers were pulled in late … (0 comments)
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Carlos Cardo
Providing Professional Service on a Personal Level
Crazy times we live in.... Home prices nationally leveling off, but in some areas they may still go down this year (prices will be different locally). This year many people hope will be the year of stabilization.
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