Rooker calls a win-win situation for the developer and community.“It’s a great example of how someone has developed the neighborhood model and also been commercially successful,†Rooker said…. The changes have been coming for several years; this project serves to completely destroy any hope that that sleepiness will remain.As a Realtor, ostensibly change and growth is good…. Old Trail Village, a proposed development to include about 2,000 housing units on 257 acres, would change the nature of Crozet, clog its roads and threaten its downtown, residents of the area told the Albemarle County Planning Commission on Tuesday. This is news to some people?Crozet residents objecting to the plan said it would lead to new housing before needed road, sidewalk and school improvements are provided and would harm the vitality of the downtown.
Browsing Category Affordability
Region’s home sales continue at blistering pace
Indeed, despite some predictions of a coming slowdown, home sales in the Charlottesville area continued at a fierce pace in the just-ended second quarter of 2005, exceeding the numbers for the same period of 2004.“We continue to see a great real estate market,†said Dave Phillips, CEO of the Charlottesville Area Association of Realtors. “All looks bright and rosy.â€According to the association’s data, 1,300 homes were sold in the Charlottesville market area during the second quarter of the year, up nearly 5 percent from the second quarter of 2004…. Discount brokers that do not put their properties in the MLS as well as FSBOs comprise perhaps 10% of the market -this is a fairly substantial percentage, and these homes tend to sell for significantly less than if they were marketed as broadly as possible. (Source: Realtor.org.)Either way you look at the data, housing prices continue to rise due to the massive influx of people from other areas of the country and world.
Another subdivision meets disapproval
From today’s DP – Plans for a major subdivision off Rio Road were rejected Tuesday night by the Albemarle County Planning Commission … The applicant, Stone-haus Devel-opment, proposed rezoning the area for Belvedere in November…
What happens if there is a bubble?
Now, many worry that the roaring housing market may be headed for a train wreck as well.What’s the likelihood this could happen? For his part, Federal Reserve chairman Alan Greenspan said last week that a nationwide housing bubble was improbable, while warning of “froth in some local markets.” He said a broad price decline in the housing market was unlikely to happen or to have much economic impact.It is all good and well to continually predict that there is a bubble; eventually, some of these so-called experts will be right, whether it takes them 10 years of the same prediction will remain to be seen.