1. Slide 5: The
2. Slide 17: "...the foreclosure problem is far from over." Locally and nationally.
3. Slide 20: "...the impact of distressed inventory could extend well beyond 2012." "Distressed" as in foreclosures, short sales, and strategic defaults.
4. Slide 25: "Increased affordability is still needed in Charlottesville to sustain increased sales." Charlottesville MSA is most expensive "downstate" area, rivals Alexandria and Arlington in Median Price-to-Income ratio for home purchase.
5. Slide 9: Anybody connected to MJH, UVA, and city/county/state workers, plus the housing industry, retail, restaurants, and other services, will likely see tough times in 2011-12. (Bubble Blog interpretation of the data.)
6. Slide 30: Be careful of catching a falling sword. Prices will continue declining for years, and mortgage rates will remain low for the foreseeable future. Folks may find it necessary to buy a house, but it's not an investment. (Again, that's the Bubble Blog interpretation).
Barry Merchant's Presentation to Charlottesville Area Association of Realtors - 11 November 2010
VHDA Presentation, Feberuary, 2010
Review of Regional Market Conditions and Trends