Another Casuality Of Short Sale/Foreclosures

By
Real Estate Agent with Fathom Realty

I was reading in our local paper, the Virginian Pilot, that the utility companies are having an unexpected drop in electricity consumption.  Utilities like Dominion Power are forecasting a 1 to 2 percent increase in power consumption and are setting up to meet that demand.  Remember, the infrastructure can take years to put into place and it has to be forecast ahead of time.  If they are wrong then the companies and ultimately the consumer pays dearly. 

For the first time, power companies are seeing up to a 3 percent drop in consumption to homes.  The analysts are at a loss to explain the drop but seem to dismiss the foreclosure market.  Looking at the number of foreclosed homes in our area of Virginia Beach, Chesapeake and Norfolk, I think they should take another look.  If you look at Las Vegas and Florida, you will see the same type of numbers.

http://www.geneallen.com/  Come and see ALL the Homes for Sale in Virginia Beach, Chesapeake, Norfolk, as well as the rest of Hampton Roads.  This site is updated daily with new real estate listings, pictures and other information vital to your home search.

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 www.geneallen.realtor  Come and see ALL the Homes for Sale in Cary, Ralegh, Wake Forest, Durham as well as the rest of the Triangle Area. This site is updated daily with new real estate listings, pictures and other information vital to your home search

 

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Tags:
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chesapeake
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Gene Allen

Realty Consultant for Cary Real Estate
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