Real Estate News and Statistics Category
April 4th, 2011
Kerry Kreis Joins Skye Bruce Properties!
Skye Bruce Properties is pleased to announce the addition of REALTOR® Kerry Kreis to our firm. He has earned a GRI designation as a Graduate of REALTOR® Institute, attended the University of Utah and holds a BA in Business Management from University of Phoenix. Originally from Indiana, Kerry has called the Richmond area home for more than 12 years.
Previously affiliated with Keller Williams, he is making the transition to take advantage of Skye Bruce Properties’ unique market position as both a full service real estate firm and a real estate media company. “Skye Bruce Properties is providing me incredible business, marketing and support services which will enable me to raise the level of service to my clients and help me accelerate the growth of my business,” said Kreis.
“With Kerry’s unique and valuable business, customer service and real estate skill set, we are excited he has chosen to move his business to Skye Bruce Properties,” commented Skye Bruce, Principal Broker.
Skye Bruce Properties is growing! Learn more at SkyeBruceProperties.com and on our Agent Studios FACEBOOK page!
March 21st, 2011
The Dominion Club Bankruptcy: Will it affect area Real Estate?
As REALTORS in the Wyndham, Twin Hickory and Nuckols Road corridor we have been asked a lot lately about how The Dominion Club’s bankruptcy might affect the area real estate market. The Dominion Club was built in the early 1990′s and was the centerpiece of the HHHunt master planned community, Wyndham. It was the reason people moved to an area of Richmond known more for the county dump than anything else. Build it and they will come not only worked out in the movie Field of Dreams, but also for Wyndham and the surrounding neighborhoods. It seemed like overnight the area went from a remote area of Henrico County to the most popular area of Richmond to live.
Not only did Wyndham thrive with the attraction of a first class country club, but many other large neighborhoods were successfully developed in the area including Wyndham Forest and Twin Hickory. Plus there were scores of other smaller neighborhoods up and down both Nuckols and Pouncey Tract Roads. The area real estate market has thrived and even with the downturn in the economy the Wyndham area has consistently outperformed other areas of Richmond.
So what went wrong at The Dominion Club? Read the rest of this entry »
March 2nd, 2011
Skye Bruce Properties Welcomes Catherine Babcock!
Skye Bruce Properties is delighted to announce the addition of REALTOR, Catherine Babcock to our firm. Catherine, a graduate of Texas Christian University has more than 25 years of real estate sales experience. In 1984 she began her career with Murray REALTORS in Dallas. In the Richmond area she worked for 14 years as a top producer with HHHunt Realty where she posted more than $75,000,000 in home sales in the communities of Wellesley, Wyndham and Twin Hickory. Catherine joins us after 2 years with Long and Foster REALTORS (Short Pump).
“Catherine has a reputation of delivering a high level of service to her clients along with her track record of high volume home sales. We are excited to have her join our organization and look forward to working with her as she continues to grow her business” Skye & David Bruce, Owners of Skye Bruce Properties.
February 6th, 2011
Richmond Real Estate STAT of the Week
2% Percent increase in contracts signed on U.S. homes in December. This follows a 3.1% increase in November. Every region of the country experienced an increase in contract signings except for the West. The South experienced an 11.5% increase, the Midwest an 8% increase, the Northeast a 1.8%. Contracts signed in the West fell 13.2%. Since June 2010, contract signings are up 24%. The signs continue to point towards recovery!
January 20th, 2011
Economists: Housing industry looking much brighter in 2011
Positive news continues for the housing market. Ran across the below article from USA TODAY. We are seeing some similar signs in Central Virginia. A little renewed optimism feels good!
By Julie Schmit, USA TODAY
The housing industry is poised to gain strength this year after coming off one of its worst years ever in 2010, economic forecasts and new data released Wednesday show. One cause for optimism: Building permits for new single-family homes rose 5.5% last month, the third consecutive monthly increase and the strongest showing since March, the Commerce Department said. Read the rest of this entry »
January 11th, 2011
Virginia Legislators Propose Foreclosure Changes (NBC12)
NBC12 reported yesterday about proposed foreclosure changes which are being introduced in the Virginia General Assembly. Is it needed or will it make the process more complicated?
ARTICLE FROM NBC12.com……
By Heather Sullivan
RICHMOND, VA (WWBT) – The mortgage mess revealed that thousands of homeowners nationwide may have lost their homes through improper foreclosures. Now some state leaders are proposing bills to change the foreclosure process in Virginia. Read the rest of this entry »
December 15th, 2010
Twice-a-year real estate bills for Richmond (Times-Dispatch)
Below is an article from the published this morning by the Richmond Times Dispatch. A fiscal move for sure by the City of Richmond at the expense of its residents.
Twice-a-year real estate bills for Richmond By Will Jones, Times Dispatch Published: December 15, 2010
In a money-saving move to improve its cash flow, the city of Richmond may have created a post-holiday pinch for some of its homeowners.
The city is mailing the first bills as part of its switch to twice-per-year collection of real estate taxes. Bills covering a half year of taxes were sent out this week and are due Jan. 14. A second round of bills will be due June 14.
Bill Pittman, a retiree who lives in Ginter Park, objects to a payment due in January — just after Christmas — and said he is concerned that many property owners are unaware that tax bills are imminent. “People are not going to have the money to pay this upfront,” he said. Read the rest of this entry »
November 8th, 2010
Basic Tips for the First Time Homebuyer
Purchasing your first Richmond area home is a rite of passage that most non-homeowners dream of. Besides intangible benefits, homeownership lets you build wealth and provides the largest tax break available to most consumers. Here are a couple basic tips to buying your first Richmond area home!
Pay Off Your Debt It’s a common mistake for first time homebuyers! They focus on saving as much money as possible for a down payment instead of paying off other debts. A better approach is to use extra cash to eliminate credit-card and other high-interest consumer debt — even if that means you can put down less on your future home. Read the rest of this entry »
November 5th, 2010
Richmond Area Home Prices Up Quarter over Quarter!
The Central Virginia Regional Multiple Listing Service has released third quarter statistics for the Richmond Area/Central Virginia Housing Market. Results are mixed with a bright spot being a rise for the first time in nearly 2 years in average and median home prices. Signs are pointing to an improving Richmond area real estate market. Below is the Central VA MLS 3rd quarter report… Read the rest of this entry »
November 3rd, 2010
What will the election results mean for Real Estate?
The votes have been counted. The Republicans have taken the House and made gains in the Senate. There is somewhat a balance of power in Washington now. What will all this mean for real estate? Historically it’s tough to correlate election results and the real estate market. One thing we believe is this election should give consumer and business confidence a boost so as we head into 2011. There are still plenty of foreclosure and other housing issues nationwide so there won’t be clear sailing yet, but there is hope for optimism. The Richmond area real estate market has continued to outperform the nation so we are feeling positive about the next 6 to 12 months with the possible boost this confidence could provide.
Below are a few other outstanding real estate issues effected by the election highlighted by the Wall Street Journal today… Read the rest of this entry »
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