Posts from August 2019
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You've Heard It Before, But Really... It Might Be Time To Sell While Appreciation Is Strong
If you're thinking about selling your house, now is a great time to make your move and here's why.
There's no doubt that today's housing market is changing, and everything we see right now indicates it is time to sell. Here's a look at why selling now is likely to drive the greatest return on your largest investment.
Home values have been appreciating for several years now, growing at a strong, steady, and impressive pace. In fact, the average annual appreciation rate since 2012 has nearly doubled the average rate from the more normal market of the 1990s (think: pre-bubble).
5
2019 CAAR 2nd Quarter Home Sales Report
The Charlottesville Area Association of REALTORS® 2nd Quarter Home Sales Report, a custom report prepared by Virginia REALTORS®, is available. In addition to providing housing metrics, this report provides you with an in-depth look into local, state, and national economic conditions including unemployment rate comparisons, job change by industry, monthly permits for new residential construction, and more! It's a great way to understand the real estate market in a holistic way.
Report Takeaways:
Economic Conditions
• Job growth has slowed in the Charlottesville area; however, the region's Educational Services sector continues to boom. An extremely low unemployment rate suggests that local businesses are having a hard time finding qualified workers in the region.
• New residential constru...