Monday, August 29, 2011

Blast From the Past: "10 Reasons There Aren't More Move-Up Buyers" in the Charlottesville Albemarle Housing Market

The bubble blog ran a post in May 2009 titled "10 Reasons There Aren't More Move-Up Buyers."  It's  even more pertinent in 2011, as home sales have declined since then in the Charlottesville Albemarle area.  

As we prepare a market conditions / forecast report for this week, it's one of the posts we've reviewed. And "9 Reasons Home Values Will Continue to Decline in Charlottesville Albemarle" and "C'ville is a Great Place to Rent a Big House For Little $."

With City of Charlottesville sales dropped 42% from June to July, and Albemarle County sales dropped 43% for the same time period, plus Mid-Year Area sales at decade-low levels, many current owners are just staying put.

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