“Of Course, There’s No Bubbleâ€: “We’re still getting started,†says real estate mogul Barbara Corcoran, who has advice about buying, selling, and hot spots across the U.S. This part is interesting – Q: Any advice for sellers?… The one thing: If you want to be overpaid, underprice by 10% and see what happens…. Only 1 in 10 people maybe has that chutzpah, but it works again and again and again…. Over and over again, people say, “I’ll give you the higher price, but I need five days.â€
Browsing Category Regional
Real Estate’s high P/E ratios
A Canadian take – Merrill Lynch’s David Rosenberg has been a housing bear for some time and you wouldn’t look like a genius following his advice. Prices in the United States and Canada keep going up, no matter what the economist says…. Just because the housing bubble “hasn’t burst, doesn’t mean it doesn’t exist,†he told Barron’s…. The bubble talk is everywhere!
Expert offers ideas to help U.S. 29
DailyProgress.com | Expert offers ideas to help U.S. 29: Most view the community’s primary transportation artery as a necessary evil. While U.S. 29 is frequently the most efficient route through the area, few relish their treks along the busy road. “There’s not much community pride in [U.S. 29],†Mike McGown, incoming chairman of the North Charlottesville Business Council, said at the council’s spring luncheon…. When questioned on how the “road diets†and “villages†would work on a major thoroughfare that moves much commuter traffic through the Lynchburg to Washington corridor, Burden suggested the “passing through†traffic be given other road options.
Fewer lanes = better traffic flow?
First With Local News AM 1070 WINA Charlottesville: A community planner says you can move traffic quicker with fewer lanes…. Burden says reducing lanes can actually move traffic more efficiently. He says when you take a lane away and put a turn lane in the center, it moves just as much traffic in a safer manner and it’s easier for pedestrians. Burden says speed limits along these roads are set by the prudent driver, not the imprudent driver, and therefore the speed comes down.
Home Resales Increased By 1% in Latest Month
RealEstateJournal | Sales Trends: Sales of existing homes and condominiums rose by 1% in March to the third-highest sales pace on record, a real estate trade group reported Monday, as low mortgage rates continued to provide a foundation for housing demand.
When did we get a “Warehouse District”?
Fridays After 5 will be held at a temporary location in the Warehouse District while construction continues on the Charlottesville Pavilion, a 3500-seat, open-air amphitheater that will replace the stage that once was home to the free concert series. The DP has the story.
March home sales defy expectations
USATODAY.com – March home sales defy expectations: Existing home sales jumped more than expected last month, while the median price soared 11.4% from March 2004 — the biggest year-over-year leap since 1980, a trade group said Monday in a report that belied predictions of a slowing market. The National Association of Realtors said sales of existing homes, town houses, condominiums and co-ops, which account for about 85% of all home sales, rose 1% to a seasonally adjusted annual rate of 6.89 million in March. That’s the third-highest sales figure on record, well above economists’ predictions for an essentially flat sales month. I am sure all the doomsayers will take this as another sign that the end is near, but …