A Charlottesville/Albemarle Area RE Blog tracking the market's Boom Bubble Bust Bounce, from 2008 to 2013. The second half of 2010 saw a steep downward spiral in sales; 2011 saw sales volume at 13 yr lo with prices dropping each Quarter. 2012 began with even lower prices which resulted in an uptick in Y/Y sales, and mid-2012 saw "Carpe Diem" trumping "Caveat Emptor." 2013: Booming. Are we a "Protected Market" once again? Time will tell.
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Tuesday, March 8, 2011
Northrop Grumman's Sperry Marine to Cut Jobs In Charlottesville
The company already cut local jobs in June 2010, and now plans to cut 500 by the end of May, in Maryland and Virginia. Company officials cided 'mounting debt in governments worldwide, cuts in military spending and stiffer competition that impacted "the volume of work in our near-term business forecast,"' according to the DP.