March existing-home sales were down compared to 2019. These metrics were influenced primarily by COVID-19 pandemic responses such as social distancing and executive orders to stay-at-home. With that said, the decrease of this statistic was not entirely a collapse in the market. Heading into the pandemic the first part of 2020 presented a strong andContinue reading “Housing Report-April Update”
Interest rates continue downward trend, how is the impacting housing?
Each week the National Association of Realtors publishes highlights from the market and the industry. Here are my takeaways: The real estate industry is adjusting to the COVID-19 pandemic. Over half of the buyers and sellers are slowing down their activity, but there is still business occuring. Real estate activity will not stop. 25% ofContinue reading “NAR’s Weekly Update-April 13-17, 2020”
What were the key indicators for the housing market in RVA for December 2019?
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”
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”
The Housing Opportunities and Market Experience (HOME) report is an opportunity to get a snapshot of how the consumer feels about the current housing market. The survey is released each month and provides insight on perspectives of buying and selling homes in relation to a good time or not a good time along with otherContinue reading “March HOME Survey 2019”