"As we close out 2012 the pending index suggests prices will remain strong," wrote Mark Fleming, Chief Economist for CoreLogic, in a release, "Given that the recently released Qualified Mortgage rules issued by the Consumer Financial Protection Bureau are not expected to significantly restrict credit availability relative to today, the gains made in 2012 will likely be sustained into 2013."
This is certainly reflected in the Charlottesville Real Estate Market where gains and numbers of sales have continued to show gains. Just six States showed drops in pricing, and Virginia wasn't one of them.For the full article go to: http://oxstones.com/us-home-prices-surge-despite-distress/
If you are looking to Buy a Home in Charlottesville, rising prices and continued low mortgage rates should be cues that waiting around for things to get better is not the way to go. Investors are still out there looking to take up properties that can be part of the still lucrative rentals market, so there is competition for an inventory that is not going to get bigger in the near future. Though more homeowners are Selling their Charlottesville Home, there are still a lot of competitive buyers out there looking to get the best homes at the best prices while this confluence of events continues.
If you are renting, go see a Local Real Estate Agent and see what you can do to get into a home now while the prices are still low and the mortgage rates are so very inexpensive!
And, as always, if you are looking to Buy a Home in Charlottesville, Sell a Home in Charlottesville or Invest in Real Estate Property, contact me for a meeting on first steps to move you forward!
I am here to help!
Quinton Beckham
Keller Williams Realty
434.242.6212
www.buyorsellhomescharlottesville.com
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