You searched for msa

If We’re Paying for the Mortgages, Shouldn’t the Data be FOIA-able?

in General Real Estate on May 17, 2011 May 18, 2011

Section 1447 of the law calls for the Department of Housing and Urban Development to establish and maintain a comprehensive national database on foreclosures and defaults on mortgages and to make the information publicly available. The data is supposed to drill down to the census tract level and include the number and percentage of loans that are delinquent by more than 30 days; those that are in the foreclosure process; and those that are underwater.

… (a) Establishment- The Secretary of Housing and Urban Development and the Director of the Bureau, in consultation with the Federal agencies responsible for regulation of banking and financial institutions involved in residential mortgage lending and servicing, shall establish and maintain a database of information on foreclosures and defaults on mortgage loans for one- to four-unit residential properties and shall make such information publicly available , subject to subsection (e).â€¨

…For example: “47% of the mortgages in the Charlottesville MSA are more than 30 days delinquent (if it’s that high, I’ll eat one of my flip flops; I’d wager that number is less than 7%).

More Condos coming to Belmont – The Coal Tower Project

in Charlottesville on May 2, 2011 May 2, 2011

When following the links below, keep in mind two things: 1 – If you don’t own it, it’s going to change (one of the most common things I tell my buyer clients 2 – Growth and development moves interminably slowly; only journalists and lobbyists seem to be able to effectively track said progress.

… Plans call for a mixed-use project, with 64 townhouses (four above a parking structure), 118 condos, and a commercial segment that includes restaurants and retail on 2.77 acres of the site, Creasy says.

…ï¿¼ The coal tower, a longtime landmark, is now becoming a focus of residents’ worries about connectivity, traffic and an altered skyline as it moves closer to redevelopment at the hand of Coran Capshaw.

… As an aside, cvillenews pointed out in 2006 how there was going to be a green condo construction project ,* which I noted in 2007 briefly in my Belmont neighborhood story .

HooK + C-Ville = No Change?

in Off-topic on April 12, 2011 April 13, 2011

I was wondering when this would get out . Charlottesville* benefits tremendously by having two free, independent newspapers.

… Central Virginia’s two alternative weekly newspapers have merged under a new corporateÂ structure that will allow the publications to continue publishing separate editions butÂ combine business operations, company officials confirmed today.

*Charlottesville = Charlottesville, Albemarle, and the entire MSA

Quick Real Estate Market Snapshot – What’s Happening Right Now

in Market statistics on April 12, 2011 November 17, 2014

I’m working on some more charts and data to put the recent CAAR Market Report into the appropriate context. Writing a story/analysis that will speak to the broadest section of the Charlottesville real estate market is a nearly-impossible task as every buyer and seller has different situations, goals and life circumstances. When I consult with clients and potential clients, I provide more than financial and real estate guidance, but I try to offer life guidance as well, laying out different scenarios that they may not have considered. … Date range: Comparing 1 March 2010 – 11 April 2010 and 1 March 2011 – 11 April 2011 Single family homes: – far fewer homes have come on the market (163) – 11 fewer homes have gone under contract – 9 fewer have sold Attached homes: – 9 fewer have come on the market – 24 fewer have gone under contract – 6 more have sold in this timeframe Condos : – 1/3 fewer have come on the market – 8 fewer have gone under contract – 8 fewer have sold

Charlottesville Area Association of Realtors’ 1st Quarter Real Estate Market Report

in Market statistics on April 11, 2011 April 11, 2011

Like the new format? Download the PDF: Charlottesville Area Association of Realtors’ 1st Quarter Real Estate Market Report – 2011 Note that this report is for the entire Charlottesville area MSA – inclusive of Charlottesville, Albemarle, Fluvanna, Greene, Nelson and Louisa. Detailed, localized analysis is crucial when evaluating residential property in Charlottesville (or any area). * I collaborated on a CAAR group that has made some interesting changes to the format; next quarter’s report is going to be even better.

Monday Links – 21 March 2011 – Short sales, good news, real estate radio & inconsistencies

in General Real Estate Market statistics on March 21, 2011 March 21, 2011

– Good News for the Charlottesville/Albemarle economy – Two Vacant Manufacturing Plants get Tenants : CustomInk and Indoor Biotechnologies . – Podcast of last week’s radio show on Coy Barefoot’s Charlottesville – Right Now! … If you have 15 minutes, please give it a listen; I’m curious to know your thoughts. (especially about my explanation as to why the Days on Market numbers in the MLS are crap). – If you’re working with an out-of-area agent, you’re doing yourself a disservice (and the agent is opening him/herself up to liability) – If you’re thinking about buying a short sale (with Bank of America), watch this video . … What will the impact be of the Matterhorn SeaStar? – Some really quick, brief perspective on the Charlottesville MSA real estate market, in my attempt to ascertain (and educate about) where we are right now in the Charlottesville real estate market: Listed between January 1 and March 20, 2011: – 1194 in 2011 (down 11%) – 1335 in 2010 – 1437 in 2009 Put under contract between January 1 and March 20, 2011: – 499 in 2011 (down 5%) – 528 in 2010. – 405 in 2009. Closed between January 1 and March 20, 2011 : – 306 in 2011 (down 17%) – 369 in 2010 – 237 in 2009 – I heard from another Charlottesville Realtor yesterday who had met an active buyer that the reason they didn’t buy last year is because they read this blog.

Charlottesville is a Leader in Biotech

in Charlottesville on March 15, 2011 March 10, 2011

The greater Charlottesville region is home to more than 17 percent of the stateâ€™s biotech companies, based on information from the Virginia Bioscience Directory. It contains more than 20 percent of the stateâ€™s bioscience equipment companies, nearly 18 percent of its medical device companies and nearly 17 percent of its bioenergy companies. … Too often, our people â€” UVa post-docs, for instance â€” cannot remain in the commonwealth because the jobs arenâ€™t here, and the jobs often arenâ€™t here because the venture capital for exciting new startup companies comes from out of state. ( hat tip to the Virginia Bioscience Blog for pointing out the story ) The last snip is a challenge that the Charlottesville region faces, across industries. There is relatively little potential for growth, whether laterally or vertically. * no word on how they are defining “Charlottesville” – whether as ‘Charlottesville’ or ‘Charlottesville-Albemarle’ or ‘Charlottesville MSA’.

RealCentralVA.com