My monthly note archives. This month – information about Hurricane Helene help,a Quick Charlottesville Market Look, Transfer Switches and EVs and the Value(s) of home – both financial and intrinsic.
October 2024 Monthly Note
Politics, Demographics, What is Life Like in Charlottesville?
I am considering moving to Charlottesville or Crozet, or perhaps somewhere else in the area. I wonder if one of your blog posts addresses the differences in the different areas around Charlottesville?
Evaluating Climate Risk in 2024 and 2025 in Charlottesville
We're in a new world, and climate change is real. More of my clients are mentioning climate as a reason to move to Charlottesville. The major real estate search portals are showing climate risk, typically from First Street, which calls itself "The Standard for Climate Risk Financial Modeling." -- I tend to prompt my buyer clients to ask/think about climate factors, and I suspect more...
The Fed Lowered Rates – Does that Mean Mortgage Rates Drop?
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.
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.