Posts from August 5th, 2019
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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...