ORLANDO (November 11, 2022) – Amid the backdrop of high inflation, elevated mortgage rates and slowing sales activity, severely limited housing inventory will prevent large home price drops for most of the country next year, according to NAR Chief Economist Lawrence Yun. Yun analyzed the current state of the residential real estate market and shared […]
Is Five Months of Supply Really the Sign of a Healthy Housing Market?
The idea that five or six months of supply signals a healthy housing markethas ingrained itself in real estate lore. Historically, it was said that five or six months of supply is associated with moderate home price appreciation. Anything higher indicates a buyers’ market, while anything lower means a sellers’ market. But where did this […]
Top-selling Williamsburg VA Neighborhoods for 2020
The housing market in the Williamsburg VA area remains strong. As with most markets inventory is extremely low. It’s always interesting to see the top-selling neighborhoods in Williamsburg VA. The areas covered in the report below includes the City of Williamsburg, James City County, New Kent County and Upper York County. The numbers are from […]
Home prices surge in Virginia
Home prices in Virginia continued to surge during October due to high demand, low inventory and mortgage rates, according to a report released by Virginia Realtors on Tuesday. Northern Virginia, Central Virginia and Hampton Roads saw median home prices rise by 15% when compared with the same time last year. The median statewide home sales […]
Average U.S. mortgage rate falls below 3% for the first time in history
The average mortgage rate fell to 2.98% this week, breaking the 3% threshold for the first time, as investors concerned about a resurgence of the COVID-19 pandemic fled to the safety of the bond markets and the Federal Reserve continued to scoop up securities backed by home loans. The average rate for a 30-year fixed […]
Ready to renovate? Let the experts show you where to start!
Come be inspired by the Southern Living Showcase Home & learn from Williamsburg’s best in home renovations on Saturday, February 20th from 1-4pm at 109 Ford’s Colony Drive. Wayne Harbin Builder’s Inc. renovation team and Danny Coates from the Ferguson Showroom will discuss the updates you should make to your home before selling, changes to […]
May 2013 Real estate market update for Williamsburg VA
May 2013 Market Observations The Williamsburg VA real estate market continued to demonstrate it’s strength in May 2013 with home sales up 32.69% over the previous May. The closed median home price in May 2013 for the Williamsburg VA market , which includes the City of Williamsburg, James City County and Upper York County’s housing […]
Top Williamsburg VA Real Estate Brokers-May 2013
May 2013-The numbers are almost in for May 2013 in the Williamsburg VA real estate market. While it was a close race in 2012 for market share with the lead changing between the offices of William E. Wood and Liz Moore and Associates. Year to date for 2013 our office (Liz Moore and Associates) has […]
Sweet spot for Williamsburg VA Real Estate
So what’s the sweet spot for Williamsburg VA real estate ?. inquiring minds want to know.. Seems like we have a number of them : The 150-200k, 200-250k, 250-300k, and 350-400k price ranges each contribute about 14% of our total home sales or 56% combined. Note: Sales number are from the Williamsburg VA MLS and […]
Williamsburg VA Real Estate Market Update: April Home Sales Soar Yet Again for April 2013
April 2013 Market Observations The Williamsburg VA real estate market continues to demonstrate it’s incredible strength in April 2013 with home sales up a whopping 44% over the previous April. The closed median home price in April 2013 for the Williamsburg VA market , which includes the City of Williamsburg, James City County and Upper […]
How’s the Williamsburg Real Estate Market March 2013
After an astounding sales increase in Feb 2013 (40% over 2011) the Williamsburg home market is settling back down . Closed sales in our Williamsburg market ( 23185,23188 & 23168 zip codes) are up slightly over 18% for the first quarter. Pending sales are up just under 12%. Both of these metrics (in addition to […]
Hampton Roads Real Estate Market Continues to Stabilize
March 2013 The Hampton Roads real estate market steadily approaches stabilization. Homes sales and properties under contract both maintained positive trends for February 2013, while the number of residential active listings for sale has continued to drop lowering the month’s supply of inventory. The number of homes for sale in February 2013 was down 8.83% […]
Does staging make a difference ? FREE HOME STAGING MAKEOVER CONTEST
Does staging a home for sale really make a difference? “We are so convinced that having a listing professionally staged means a quicker sale and higher net proceeds for our sellers,” says Liz Moore, “that we are now going to provide an initial staging consultation to all of our listing clients at our expense.” Our […]
