John and Jane bought their home in 2006 for $400,000 with a 20% down payment ($80,000). Today, the market value of their home is about $300,000 and there is a 10 months supply of homes on the market in their neighborhood. They have $5,000 is savings and John expects to lose his job in the [...]
Entries Tagged as 'Neighborhoods'
What is a short sale?
June 25th, 2009 · No Comments · Neighborhoods, Virginia Beach
Tags: Neighborhoods·Virginia Beach
Virginia Beach Housing Bottom – Is it time to buy yet?
April 12th, 2009 · No Comments · Homes, Neighborhoods, Virginia Beach
The problem with recoveries is that we don’t usually recognize them until they have already happened. Is the housing market recovering right now? The stock market is certainly having a great rally and pending home sales seem to be on the rise in Virginia Beach this month. But one month of improving data hardly defines [...]
Tags: Virginia Beach
Foreclosures And How They Affect You
March 19th, 2009 · No Comments · Homes, Neighborhoods, Virginia Beach
Do you think that foreclosures are to blame for the falling home prices? I don’t. I think falling home prices are partly to blame for the foreclosures. But we can debate that for the next ten years. The most important thing to consider is how do foreclosures affect your neighborhood. First lets get a couple [...]
Tags: Virginia Beach
Live Close To Work
January 29th, 2009 · No Comments · Neighborhoods
Studies have shown that a person’s happiness has more to do with the length of his/her commute to work than with the size and quality of his/her home. I tend to agree. The happiest I have ever been with my home was when I lived on Atsugi base in Japan, a five minute walk to [...]
Tags: Neighborhoods·Virginia Beach
