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.

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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?

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