- VHDA: Charlottesville Area Home Sales at 13 year Low, Prices to Continue Declining
- Effective Negative Equity In the Charlottesville Area Housing Market
- Charlottesville Area Home Price Declines Larger Than US Avg
- Paradigm Shift: "Recovery" is the Wrong Term
And this doesn't even take into account the growing disaster in the EuroZone.
From the embed below: 'the pressure to reduce the selling price of existing homes to compete with new homes on the market continues unabated. The current level of price "reversion" still has quite a bit more to go before reaching the long term median home price levels. With personal incomes on the decline, credit conditions very tight and inflationary prices continuing to rise the "affordability" of housing may continue to remain under pressure for some time to come.'