What is a Housing Recession and Are We In One?

What is a Housing Recession and Are We In One?

What is a Housing Recession and Are We In One?   Declining Home Sales A housing recession is defined by the National Association of Realtors as six straight months of declining home sales. On a national level, this is the case: America is in a Housing Recession....
Why Are There So Few Homes For Sale?

Why Are There So Few Homes For Sale?

Why Are There So Few Homes For Sale? The National Housing Shortage Looking through Realtor.com and Zillow.com for homes for sale but ending up frustrated with the results? The national housing shortage, along with shortages in our local markets of Lynchburg, Forest,...
Does Curb Appeal Increase One’s Home Value?

Does Curb Appeal Increase One’s Home Value?

Does Curb Appeal Increase One’s Home Value? Does curb appeal increase one’s home value? We’ve all heard that improving your home’s curb appeal by adding or improving landscaping, trimming bushes, weeding flower beds, and pressure washing...
RISING INTEREST RATES

RISING INTEREST RATES

WILL RISING INTEREST RATES COOL THE HOT MARKET?   For the first time in years, the housing market appears to be showing signs of cooling. Agents in our community are discussing fewer bidding wars, decreased showing activity, and even some price reductions. So...
2022 Housing Market Update

2022 Housing Market Update

2022 Housing Market Update As the new year begins, I wanted to provide an update on the available housing inventory levels in our area, comparing the previous 2 years we well. Lynchburg City, All price ranges, all zip codes: In Jan. of 2020 there were 159 homes for...