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 This from KeepingCurrentMatters.com –
The new housing numbers have definitely been a major news story over the last 48 hours. The Dow dropped over 100 points on the announcement of July’s existing sales numbers. The cries of a double-dip sound like the screams of Chicken Little: ‘The sky is falling! The sky is falling!’ Pundits are claiming real estate will never be looked at the same again. We asked Steve Harney to comment on what the report actual means to the housing recovery. As always, he was more than willing to share his insights. – The KCM Crew
I want to start by saying that Armageddon is not upon us. Was NAR’s Existing Home Sales Report tough to read? Yes. Were there any surprises in the report? Just one: the fact that prices have remained stable. And that was good news.
All the panic and gut-wrenching revolves around two numbers:
- The lack of sales in July
- The months’ supply of inventory now available
Neither number was a surprise to anyone truly following the real estate market…..continue reading the original article here.
 The analysis on the second quarter homes sales in Richmond is out. Sales were up 22% over the second quarter of 2009, due in large part to the first-time homebuyer tax credit. You can download a summary of the report here… Q2 MLS Stats Report Synopsis-1.
 The article below is from the National Association of Realtors, showing the trends nationally. In the Richmond area, the trends are running parallel to the national figures. Henrico, Chesterfield and the City of Richmond are well ahead of the outlying jurisdictions in terms of units, which is to be expected given the population differences. Here’s how it breaks down: of 3,552 units that closed between March 1, 2010 – May 31, 2010, 962 units were in Henrico, 945 were in Chesterfield and 615 were in the City of Richmond. Most importantly, we have an increase of 592 units sold over the same period last year. Yes, Richmond, we have seen the light.
WASHINGTON (June 2, 2010)–Pending home sales have risen for three consecutive months, reflecting the broad impact of the homebuyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors. Read more…
 I have joined Joyner Fine Properties. I will miss all of the wonderful people at Virginia Properties and Long & Foster who I was lucky enough to work with for the first three years of my real estate career, but fortunately I have just moved a couple of blocks away. I am also still just a couple of blocks away from my lovely and talented daughter Corie at Mango Salon.
I am excited to be at Joyner. Loving Richmond as I do, it really means a lot to me to be part of a local company, focused on every aspect of the Richmond real estate market.
About Joyner Fine Properties –
Joyner Fine Properties stands apart as the premier real estate company in Richmond, Virginia specializing in high-quality real estate services. Service is the core of our business. It is what we at Joyner have focused on since our inception in 1973, and it’s the main component in all our relationships.
Under the leadership of William A. “Bill” White, Joyner’s professional sales associates continue to build on the firm’s principles by offering an unmatched combination of personalized services, market expertise and state-of-the-art technology.
Experts in the Richmond market, our sales associates serve sellers and buyers in residential, relocation/corporate services, estates, farm, land, commercial, and builder/developer services, as well as leasing and property management. Our sales associates work with the latest technology to streamline both home promotion and home selection.
True to our reputation, Joyner is proud to represent its clients in the Richmond area’s most sought-after residential communities and commercial properties.
We are proud to have a dedicated and caring team of professionals to share in the pursuit of their business dreams and the dreams of those searching for the perfect home.
 Richmond Magazine’s 2010 Real Estate guide is out and it’s quite well done. With articles by Harry Kollatz, Jr., Marilyn J. Shaw and Brandon Fox, there is excellent information on all facets of selling your home in this market, and some renovation projects for your current home if you decide to stay put. Check your newsstands…
WASHINGTON (May 24, 2010) – Existing-home sales rose again in April with buyers motivated by the tax credit, improving consumer confidence and favorable affordability conditions, according to the National Association of Realtors®.
Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 7.6 percent to a seasonally adjusted annual rate of 5.77 million units in April from an upwardly revised 5.36 million in March, and are 22.8 percent higher than the 4.70 million-unit pace in April 2009. Monthly sales rose 7.0 percent in March. Read more…
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"I feel I need to climb high on my North side rooftop and shout out a recommendation of my real estate agent, Lisa Jones Crowley."
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