Market News

The biggest fear a homebuyer experiences is, did I make the right decision?” They wonder if they could have gotten the house for less money, what if the house is a lemon, what if I lose my job or have an accident and can’t pay the monthly payment, are the seller’s hiding any issues with the house? How do you …

A positive, solid reputation is the foundation of every Realtor’s business. Realtors that build trust, develop relationships, and embrace strong ethics will experience growth and profitability. These are the agents that will build solid reputations. You want to do business with people who have a great reputation! Building personal trust can be learned. An effective Realtor will find – and …

Interest rates are at an all time low. Why not build a portfolio of real estate investments that can support your retirement when they are paid off? Let your tenants pay the mortgage! Invest: Income/Neighborhood/Value/Equity/Stretch/Tax I: Income You’ll receive income by collecting rent each month. Be sure you are purchasing a property where the rent you collect will be greater …

Do you choose a “word for the year?” My word for the coming year is serve. At the real estate office where I hang my license, we are all challenged each year to choose a word – a word that we strive for and try to exemplify in our professional conduct. In the past, I’ve chosen the words persistence, purposeful and …

The Lynchburg Association of Realtors regional housing market had a busy summer. Both sales activity and home prices surged in the third quarter. This led to the largest sold dollar volume gain the area has had in more than five years. Homes sold faster, on average, this quarter in the area. The inventory of active listings continues to shrink rapidly, …

The national economy improved in the third quarter of 2020, though there are some signs of uncertainty in the recovery. The U.S. economy gained jobs for five consecutive months and the national unemployment rate fell to 7.9% in September. Economic conditions in Virginia are somewhat better than they are nationally. The commonwealth added jobs consistently for four consecutive months, with …

The home building industry has made a quick and dramatic comeback in the wake of the COVID-induced economic downturn. Housing demand has increased so rapidly in recent months there now is an unprecedented gap between sales and home construction. Sales of new single-family homes in August increased 4.8% to an annual rate of 1.01 million units, their highest pace since …

It is hard to believe that 2021 is a little more than 30 days away. With a new year approaching quickly, now is the time to start thinking about how you want to update your space. If you’re wondering how the design trends are looking, here is a great place to start! Less is more After Marie Kondo took over …

If you’ve seen a change in your credit score recently, you may be wondering why. There are a number of factors that contribute to a dropping credit score and it is important to know what may be the cause. When buying a home, it is important to maintain your credit and not make major purchases that could impact your score. …

While you may not think about your roof every day, you want to make sure it stays in good shape and remains leak free. To do so, regular inspections need to be performed. But how often should that happen? According to the National Roofing Contractors Association, you should check your roof at least twice per year, during fall and spring. …