From Channel 29, the local NBC afffiliate. I would be doing a disservice to my client if I didn’t note that this is the house discussed in the story.
“She needs to buy a house. In order to buy that house, she needs to sell a house. And it is becoming much more common. You’re seeing a lot more offers contingent on the sale of a property.â€
A good, reasonable local story about the state of the housing market. Unfortunately, the video doesn’t work with a mac.
Technorati Tags: albemarle, charlalbemarle, charlottesville, psychology, real estate
(Visited 61 times, 1 visits today)
Jim,
Nice work!
The thing all these overbuilding/subprime stories overlook is the fact that homes are not affordable. Even when you say “rates are at a historical low,” you miss the point that home prices are at a historical HIGH. A 6.5% rate on a $300k home is no better than a 13% rate on a $200k home (not striving for mathematical accuracy here, just making a point). Rates have to be low because people can barely afford housing. Housing was never before 50% of someone’s income, and now it is, at least in C-ville for anyone who has bought since 2005…
Did you mean to link to the NBC29 story twice?
D’oh. Fixed. Thank you.