I know! You have been waiting for this since the New Year. Well, it is finally here. Let us take a quick look at what the housing market has done in to close out 2019. We have to zoom out to begin though. We saw the national economy continue to be stable and strong. JobContinue reading “2019 4th Quarter Report”
Are mortgages getting cheaper? Check out this video.
What were the key indicators for the housing market in RVA for December 2019?
Keller Williams as rolled out an awesome new tool you will be interested in. This resource is called Neighborhood Snap. This powerful tool allows you to have excellent insight into your neighborhood housing market. You are fully aware, that home buyers and sellers who are unprepared and ill-informed, will miss out on great opportunities, and IContinue reading “Market Snaps”
The Virginia Realtors group has released their second quarter home sales report. The short version of this report: The economy is strong. Inventory is low. Prices are high. The national economy experienced moderate growth. Trade issues and global economics remain a looming concern on the U.S. economy, but there is an expectation the Fed willContinue reading “2019 Quarter 2 Report”
The June housing numbers have been reported for the Richmond-Metro area. The numbers continue to reflect the one major challenge of the housing market: inventory. The inventory in RVA continues to remain small and has shrunk compared to last year. At the end of June 2018, there were 2,894 homes on the market in Richmond-MetroContinue reading “June 2019 RVA Housing Report”
The Counselors of Real Estate published a report on the top ten current and emerging issues affecting real estate in 2019 and 2020. The full report can be found here, but you can get my Cliff Notes version of the top five below. Infrastructure: Roads, railways, airports, water systems, and the power grid are havingContinue reading “Counselors of RE Report 2019”
As promised per my IG story (@hezbutler_realtor) I wanted to share a condensed version of CVRMLS’ Quarter 1 Analysis of the Central Virginia Area Housing Market. You can certainly check out the whole report here, but it is several pages longer than my version below. Let’s start with national and Virginia economy and how itContinue reading “2019 Q2 Report for RVA”
According to recent reports, the Fed is considering cutting interest rates. These cuts would be due to the continued low inflation, slow growth, and trade war. This is a complete contradiction of the stance the Fed had about six months ago. Why would this occur? Typically, it is a strategy used by the Fed toContinue reading “Impact of Potential Fed Rate Cuts”
The second quarter has come to a close. The metrics are not fully recorded to this point, but there are certainly some indications that the market, while maintaining healthy, looks to begin to have some subtle change in the near future. The exciting change centers on a strong possibility that housing inventory may be onContinue reading “Good Signs for Inventory after Q2?”