Charlottesville and Albemarle Real Estate Market Reports – 18 May 2010

In case you were wondering, the Charlottesville area is still considered – technically as well as psychologically – a Buyer’s Market Charlottesville and Albemarle real estate market update – attached homes – 18 May 2010 (pdf) Charlottesville and Albemarle single family homes – real estate market update – 18 May 2010. (pdf) If you want to receive these updates regularly, spam-free , sign up here.

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Twitter Week in Review

Can anyone get me an #agentstorm invitation? # RT @aimeefausser: RT @edgery: RT @pourmecoffee Yikes. Underwater oil plume: "10 miles long, 3 miles wide (cont) http://tl.gd/1aja05 # It saddens me that liability has to be discussed re: railroads in Crozet. "Don't let a train sneak up on you" seems sufficient advice # RT @natfriedman: RT @JPBarlow: Stockholm Software: Facebook needn't worry. Windows has held its…

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Village of Rivanna Master Plan Approved

While the plan calls for infrastructure to be built in advance of new development, many residential and commercial projects have already been approved, but not yet built. “We are not excited about the prospect of a lot of development on our doorstep,” said Joscelyne, “but we realize that we don’t have a lot of say over that.” … “The problem with Route 250 is that it is already near capacity, and many new homes have been approved already that will push it beyond capacity,” said Joscelyne. … Supervisor Dennis Rooker said the guidelines for concurrency of adequate infrastructure were important and a key to getting public support.   “Without that language on future transportation and future rezonings, it wouldn’t have the support of the residents,” said Rooker.

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GoCHO – Charlottesville Airport Getting More Flights?

Namely to these locations: CLE Cleveland-Hopkins International Airport @ Cleveland, OH EWR Newark Liberty International Airport @ Newark, NJ IAH George Bush Intercontinental/Houston Airport @ Houston, TX ORD Chicago O’Hare International Airport @ Chicago, IL Combine more flights with a longer runway , and Charlottesville-Albemarle Airport will expand its runway by 800 feet with initial Phase 1A a $6 million dollar project funded in part by the Virginia Aviation Board and the Airport Authority. The runway extension will allow us to accommodate more fully-booked flights in varying weather conditions, improving service to travelers and the airlins we serve. When the extension is complete, more flights can be fully booked and depart from and land at CHO; this means more options for travel to and from CHO and more seats on flights mean lower fares for those flying from CHO.

…NBC29 has learned that CHO is in negotiations with three air carriers which could provide service to Chicago and Florida; one of the three prospects is being touted as a “low-fare” carrier.

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Strategic Defaults – Moral? Ethical? Pure Business?

CBS did a fluff piece of reporting last night about strategic defaults, whereby a homeowner makes a business decision to walk away from a mortgage – the way businesses do all the time. … Watch CBS News Videos Online We are certainly in interesting times, and the question of strategic defaults isn’t going away for a while. … I can think of a couple local developments – and one in particular – where walking away makes sense, because nearly every single house was bought speculatively and the home buyers were manipulated by the machine. … Related : “The Subprime Problem is Contained” – January 2008 Tishmans’s ‘Strategic Default” on Stuyvesant Town – WSJ ( more ) Does Morgan Stanley “Walking Away” from CRE Contribute to Strategic Defaults?

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