Richmond joins record drop in home prices
From the February 14, 2008 Richmond Times Dispatch:
Richmond joins record drop in home prices
Written by - Visit ChrisBuysHousesVA.comRichmond was one of a record number of U.S. metropolitan areas where home prices fell in the fourth quarter, according to a report just out from the National Association of Realtors.
The report released this morning shows the median sales price for a home in Richmond was $225,700, a decrease of 1.6 percent from $229,400 in the fourth quarter of 2006.
Study says Va. ranked 24th in 2007 foreclosures – News – inRich.com
The foreclosure rate in Virginia remains fast and swift. However, in a nationwide ranking, Virginia ranked right in the middle. I guess that is good news.
Study says Va. ranked 24th in 2007 foreclosures – News – inRich.com
Hopefully, our ranking will go down with some of the loan modification agreements that the major lenders are working on.
I’ve seen huge surge in people calling us to sell their house to avoid foreclosure.
Written by - Visit ChrisBuysHousesVA.comNationwide Housing prices fell nearly 4 percent in ’07
Here is a summary of the national housing market in 2007. Housing prices fell nearly 4 percent in ’07 / nwi.com
Real Estate is highly local. National trends are simply averages of the whole nation. Each state has its own board of realtors, and each state is different.
Every month, the Virginia Association of Realtors releases a report about the state of the housing marketing and housing prices in Virginia, and then on a monthly basis, the Richmond area has it’s report of their housing prices. Check the category Virginia Market to read recent reports.
Written by - Visit ChrisBuysHousesVA.com