May 12 '21 ‘This Isn’t a Bubble’ The U.S. housing market is on a hot streak with double-digit annual gains in home prices, bidding wars, and surging buyer demand. That type of soaring housing market accounts for “bubble” fears in some corners, but economists say the housing market isn’t getting overinflated. “We have strong conviction that we are not experiencing a bubble […]
Apr 28 '21 Free admission to Busch Gardens Williamsburg for Military Starting today through June 27, Busch Gardens is offering free admission for U.S. military veterans and their families to its Busch Gardens Tampa Bay and Busch Gardens Williamsburg theme parks. Since its launch in 2005, more than 10 million guests – active-duty military members, veterans, and their families – have enjoyed the company’s parks for free […]
Apr 7 '21 A Home that Has it all in the Villages of Westminster When Chan Mielke and her late husband Lloyd Mielke decided to retire in 2000, they knew they wanted to settle down in Williamsburg, Va., but they weren’t sure which neighborhood. Armed with pen and paper, Chan took down notes as she and Lloyd drove through 42 different neighborhoods. She noted what she liked and didn’t […]
Mar 23 '21 Where the Heck is the Northern Neck? Located within an easy commute from major urban centers, the Northern Neck is about two hours south of Washington, D.C., one and one-half hours east of Richmond, and an hour north of Williambsurg. The Northern neck has often been referred to as “Virginia’s undiscovered gem.” it’s the northernmost of three peninsulas (traditionally called “necks” in […]
Mar 19 '21 Buyers are overpaying, but are there signs of a bubble? February’s numbers show the strongest purchase market since 2006. There are many theories going around right now as to why home prices are currently increasing. However, the simple explanation behind rising home prices is the lack of “For Sale” signs in front yards. This can be explained by the theory of supply and demand. When […]
Mar 11 '21 Months’ Supply of Home Inventory Continues to Decline in Hampton Roads The uncertainty of an unbalanced market can cause stress for home buyers and sellers — especially those attempting to navigate the market alone. But that is exactly the position many Hampton Roads consumers find themselves in. According to REIN, our area MLS, the market has seen a continued decline in listing activity, with a 49.21% […]
Feb 23 '21 Luxury Condo in the Sought-After Ford’s Colony Three decades in Ford’s Colony 2202 Eaglescliffe is a luxury condo in the sought-after gated community of Ford’s Colony. The condo was home to a single couple, the late Lottie and Henry Glista. The Glista’s purchased the condo at 2202 Eaglescliffe six years ago, but have lived in Ford’s Colony for three decades. Originally from […]
Feb 20 '21 What a nice welcome! February 2, 2021 I just sold a home to clients in New Kent. Found this wonderful note from the sellers on the kitchen counter and thought I would share. Congratulations on buying this beautiful home. This home comes with a wonderful history. So, if you believe in good ‘juju” this home should have it! Our […]
Feb 10 '21 Cooking up something new in Williamsburg… Owner of Amber Ox, Precarious Beer Project is cooking up something new in Williamsburg Residents and visitors of Williamsburg have something new to look forward to in 2021: an artisan bakery unlike anything this town has seen before. The Bake Shop, located in the Triangle Building, will be owned and operated by Andrew Voss, co-owner of Amber Ox […]
Feb 2 '21 The Seller’s Market We Won’t Forget MONTHS’ SUPPLY OF INVENTORY VS. ABSORPTION RATE 2020 turned our lives upside down, altered real estate trends, and resulted in a sellers’ market that will be hard to forget. The last time REIN recorded inventory numbers this low was back in 2004! The phrases ‘Months’ Supply of Inventory’ and ‘Absorption Rate’ are sometimes used interchangeably, but […]