Signs of Life

Many of you may want to know what “signs of life” we were referring to a few days ago!  Well finally, after putting the babies to bed last night, I finished reading the latest Commonwealth Magazine, which lays out all our “nitty-gritty” Real Estate details in VA for us!  So here is a very brief bulleted format of the positives!

• Unemployment is down – Definitely still has room for improvement, but it’s getting there (hopefully)
• HARP is working – If you don’t know about HARP, please ask!
• Delinquencies are down
• Interest rates are still crazy low
• Lending is loosening
• Rents are rising
• Short sales are getting more efficient
• Inventory is down
• “Shadow Inventory” never flooded the market – (False predictions about foreclosures and REOs backing up behind the scenes)
• Buyers are returning – YES we are seeing multiple offer situations!
• Investors are investing
• Forward-looking indicators are up – rising rates of permits, construction, and loan applications

So there it is, all of Virginia Association of Realtor’s numbers are pointing to the facts above. In Virginia since 2010 almost every month’s sales have been above those the year before.  The latest figures (May 2012) show a statewide 6% increase from 2011!  The full report is too comprehensive to detail out in a blog, but let us know if you want a copy!  \
And of course, if you or anyone you know is looking to buy and/or sell, we’d love to have the opportunity to earn the business!