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”
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”
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 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”
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”