A market dip ?

Thursday, February 4th, 2016

In this week’s report, the number of homes sold in the Virginia Beach market fell to 306 over the past 30 days, a decrease of 9.7% from last week’s report. In comparison, nearby Chesapeake had 189 sales in the samIn this week’s report, the number of homes sold in the Virginia Beach market fell to […]

Student Debt how does it effect your home buying power- August 2015 Changes

Friday, July 31st, 2015

Debt-to-income ratio calculation What are the changes for Student debt and mortgages ? Effective for loans closing on or after August 1, 2015, the minimum monthly payment amount that must be included in the debt-to-income ratio (“DTI”) calculation for deferred student loans will decrease from 2% to 1% of the outstanding balance. What does this […]

Shortsale Follow up 1 year after Story 3

Tuesday, November 25th, 2014

Shortsale Follow up 1 year later client 3. What happened 1 year later after a shortsale was completed ? What were the effects ? This client was a divorced couple who needed to settle the sale of the home. In this case both sellers were ACTIVE Military. When handled properly the security clearance was not effected. […]

Shortsale Follow up 1 year later story 2

Monday, November 24th, 2014

Shortsale Follow up 1 year later story 2 What happens after a short sale to the home owner. Did the worst case happen or was it a better outcome then expected. Here is a few replies from a seller who completed a shortsale 1 year ago. Im a shortsale listing agent with 5+ years of […]

Market conditions 10-14

Saturday, November 22nd, 2014

Here are the Market Conditions for Va. Beach 2012 to 2014 2012 $219,900 Median list price and $273,842 Avg. List 2013 $240,000 Median list price and $312,098 Avg. List 2014 $259,000 Median list price and $339,716 Avg. List The Median sale price has risen by 14.99% and the Average list price has risen by 7.92% […]

Sequestration what will it do to Hampton Roads Real Estate

Wednesday, March 6th, 2013

I really don’t even understand the term so I googled the diction term. HUMMM so how in the heck does this apply to the spending and what in the world does it mean for our area and market ? 1. Secretary of the Navy released a memo detailing immediate cuts, including a directive to “announce […]

Hampton Roads Real Estate August 2012 recap

Thursday, September 13th, 2012

Hampton Roads Real Estate * The number of residential homes listed for sale in the region has dropped 15.78% when compared to August 2011. For the last 18 months this inventory has been shrinking. This is EXCELLENT NEWS and points to a stable market ! *The absorption rate (the average number of listings that have […]

June 2012 Hampton Roads Real Estate market update

Friday, July 13th, 2012

Number of residential homes listed for sale fell 18.61% in June 2012 when compared to the same time last year. All seven of the region’s major cities saw year-over-year decreases in active listings of 14% or more. Lower inventory suggests a stabilizing real estate market. Residential pending sales increased 12.73% when compared to June 2011. […]

Norfolk’s disabled and elderly home owners may loose some tax relief benefit

Monday, June 18th, 2012

This Sunday I was reading in the Virginian Pilot a story that may effect  Norfolk’s elderly and disabled who receive a discount on Real Estate taxes. For many years qualifying Norfolk residents were able to get a discount on thier Real Estate taxes in amounts from 20%-100 % depending on income and eligibility . Im […]

REIN summary May 2012 recap

Friday, June 15th, 2012

Markets looking good. Listen to my thought here. Listen to the podcast here Subscribe to the podcast here