Know this Hanover landmark? You should, since its owner was Hanover’s favorite son. Now for the trivia question. What is it about this landmark that always makes me think of Charlotte Bronte’s Jane Eyre?
Think you know the answer? Be the first to post the correct answer and either a Blockbuster or Starbucks gift card will be sent to you.
I report monthly to Realty Times the market conditions for Richmond area. Below are this month’s comments for December:
Fasten your seatbelts! I’ve rubbed my crystal ball. I’ve read my tea leaves. And I even asked my dog what he thought. After I did all that, I actually analyze my monthly numbers for December and I could only come to one conclusion. The market is gearing up. The total inventory number dropped for the second consecutive month – and not some insignificant number but almost 10 %. Sales price to list price ratio improved. Dollar per square foot remained constant. And showing activity substantially increased everywhere. Even my fellow agents in Northern Virginia report robust activity.
So what does all this mean? We’re going to have the Spring Market, we didn’t have last year. If I am correct on the pent up demand, by April we’ll be off to the races again. Not like we were prior to August 2005 when buyers had only minutes to make their decision, but cautious buyers who have dominated the market for last 12 months will quickly learn one of my oldest real estate adages. “If you have to sleep on it, you won’t sleep in it.”Presently, with inventory levels still up, there are some excellent opportunities out there. While rates have been wonderful, there will be some upward pressures until the markets figure out whether the Democrats truly have a majority. My recommendation would be if you plan on moving or purchasing in 2007, you better begin now in getting a feel for the market, so you’ll be able to act when the time comes.