The Headlines say that “rates have dropped,” and that tends to elicit hope and reactions from my clients — “rates dropped, right?” Well, yes, and yes, here’s the context that matters.
The Fed Lowered Rates – Does that Mean Mortgage Rates Drop?
Charlottesville – Albemarle Real Estate Market Update – July/August 2024
We’ve been in a transitional market since I started practicing real estate in 2001. No market is the same as the preceding year’s market. In the past four years, we have seen a massive increase in home prices in Charlottesville and Albemarle, interest rates go from the 3s to the 7s and now in the 6s.
What is happening *now* in the Charlottesville and Albemarle real estate markets?
New Commission World is Upon Us, Zoning, MLS, Leadership, Review | August 2024 Note
Realtors have a lot to learn, and so do real estate consumers. Always. New zoning rules in the City of Charlottesville affect the market, lawsuits and commissions’ decoupling affect the marketplace.
There’s the market, and then there’s the marketplace — one is shifting and one has been upended.
Decoupling Real Estate Commissions – Finally
Finally in 2024, real estate commissions are now divorced/decoupled.
Mid-Year Charlottesville Market, Aging, Sub Agency, & a Bit of Travel Insight | Jim’s Note – July 2024
Jim Duncan, Nest Realty, monthly note. Charlottesville market, getting older, insights & knowledge gained from traveling. A note about real estate, and other tangential stuff.
July 2024 Real Estate Conversation with Jim and Greg
Jim Duncan & Greg Slater w/ Nest Realty in Charlottesville & Crozet talk about the real estate market, rates, new construction, 2025 predictions
July 2024 Quick Look at Albemarle New Construction Numbers
The first floor primary attached/villa market remains strong in Albemarle County, with price points nudging up every year. That product speaks to a demographic segment that is thinking long and short terms, and I suspect that we will see more of this in the future.