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Welcome! This blog tracks the real estate market in the Central Shenandoah Valley, featuring market data and analysis, an exploration of common buying and selling questions, and candid commentary on all things real estate.

If you are interested in discussing any of the topics on this blog, or the details of your specific real estate situation, call or e-mail me!

Npr


NPR Is Right On --- The Potential Real Estate Standoff
March 4, 2008     Filed In:  buying, market, news, npr, real estate, selling
National Public RadioPerhaps Jonathan Clements, a personal finance columnist at The Wall Street Journal, has been reading my blog?  Unlikely, however he speaks of a possible real estate standoff in a recent NPR interview, making many of the same observations as I made a few weeks ago.

In the interview, Jonathan ponders . . . "are we going to see prices drop, which will encourage buyers to step up to the plate and purchase, or are we going to continue with the standoff, where sellers are reluctant to cut prices and buyers are reluctant to commit?"  He then makes some other great observations about selling in today's market:
  • Some sellers look at pricing psychologically -- they want to sell their home for what they paid for it plus improvements, or at the price the neighbors sold their house, etc.
  • Real estate is an expensive asset to hold, given mortgage principal, interest, taxes, insurance, maintenance, etc.
I encourage you to listen to the entire interview (here), and then, if you are a seller, consider how the pricing of your home will affect the timing of your sale.
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@cbfunkhouser.com
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The Effect of Immigrant Buyers
January 29, 2008     Filed In:  immigration, market, news, npr, radio
National Public RadioNPR's All Things Considered ran an interesting story today about immigrant buyers.

Per the story (listen here) . . .
  • 12% of the U.S. population is foreign born.
  • An increasing share of first time buyers are immigrants.
  • In 2005, 10% of all homeowners were immigrants.
  • In 2005, 18% of first-time home buyers over the previous four years were immigrants.
Additionally, some lenders offer loan programs to residents without social secuirty numbers. 
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@cbfunkhouser.com
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