Unsteady job growth affects housing market

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Job growth has been unsteady in the Lynchburg area, though there have been fairly good economic gains in 2018 and 2019. The health care and social assistance sector has been a driver of the regional economy, though there also have been gains in the construction and arts, entertainment and recreation sectors. Unemployment has been very low in the Lynchburg area, …

Ways to help reduce moisture in your home

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As temperatures begin to rise and along with it humidity levels, it is important to keep an eye on moisture levels in your home. Mold growth, pest infestations, and many other issues can rise from too much moisture. While there may or may not be an odor, excess moisture is something to address as quickly as possible. If you notice …

Tips to help you get started gardening from home

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At the beginning of the year, millions of households already had their own gardens started but – it should come as no surprise – those numbers are on the rise. With everything going on in the world, the idea of not having to leave the comfort of your home for sustenance is quite appealing. Not only is gardening a great …

Tips for buying or selling homes during a pandemic

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While it may only be temporary, the COVID-19 pandemic is touching everyone’s life in one way or another. If you are in the market to buy or sell your home, this can be a frightening time. With calls for social distancing and many businesses temporarily closing their doors, there is a great deal of uncertainty when it comes to real …

Be productive while you #stayhome

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In countless homes across the country and the world, there has been a major shift to working from home – even for students. If you are working from home and trying to manage having your children home and doing school work, you may be at a loss when it comes to ensuring productivity. With a television across the room and …

State housing market strong ahead of COVID-19

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Virginia’s robust economy likely will fuel recovery from COVID-19’s impact. Here is a news release from Virginia REALTORS® regarding the situation: “According to the February 2020 Home Sales Report released by Virginia REALTORS®, the Commonwealth’s housing market was strong in the early part of 2020, with robust demand and low inventory. That strength will  help mitigate the potential impacts of …

Active listings drop across the region

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The supp;y of active listings on the market in the Lynchburg Association of Realtors footprint continues to shrink, reflecting broader trends in other regions in the commonwealth. Only 946 active listings were on the market at the end of the fourth quarter throughout the LAR housing market, a 17% drop from the inventory level at the end of 2018 for …

Sold volume of residential properties rises

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Steady sales growth and rising prices in most local markets in the Lynchburg Association of Realtor’s footprint led to an increase in the total sold dollar volume in the fourth quarter. There was about $177 million in sold volume throughout the region in the fourth quarter, up 3% from last year for a gain of about $5.6 million. With consistent …