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, June 7, 2011
40% of Homeowners With 2nd Mortgages Are Underwater--They Owe More Than House is Worth
Awful, riveting video full of data that applies to lots of bubble-era home buyers in the Charlottesville Albemarle area.