What Does Gen Y Want in a Home? Who are the Gen Yers and why are they important? Gen Yers (also called Echo Boomers or the Millennium Generation) are individuals born sometime between the years of 1979 and 1994. They are representatives of what is called a baby boomlet, and are nearly 80 million strong, [...]

Below are two charts comparing the Lake Monticello real estate market between January 1 – February 17, 2009 vs. January 1 – February 17, 2008. We have found that in the 2009 there have been 12 fewer homes sales. The average sales price has increased by $5,568. The average price per square foot has decreased [...]

New provisions in the Housing and Stimulus Package The repayment feature on the home buyer tax credit has been removed. The effective date of the tax credit, which is for up to $7,500, has been extended to September 1. “Households that purchase in 2009 using financing assistance from state and local mortgage bonds will be [...]

CAAR Market Report 2008 Year-End Published by the Charlottesville Area Association of REALTORS® Overview It probably comes as no surprise that the 2008 Charlottesville area real estate market had a bad year. If you have read any of the 2008 quarterly reports we produced, you know all about the decreases in home prices and the [...]

On January 28th, Fluvanna’s Planning Commission gave the go ahead to a rezoning that would bring golf course condominiums to the county. If approved by the Board of Supervisors, the developers plan to construct a 404-unit condominium that would integrate the Laurel Ridge golf course with the development to be called Stonehenge Estates. Commissioners recommended [...]