A Very Good Study on “foreclosures”….
A recent sudy done at the University of Virginia shows some interesting facts about our housing/foreclosure crisis….the study is available online and is easy to read and understand
http://www.virginia.edu/uvatoday/newsRelease.php?id=7838
While the Central Virginia area has been fairly immune to the foreclosure crisis effecting CA, FL, AZ and other states, we are not immune to the “fall out” from incoming area new-hires from those same areas who are unable to sell their current homes. If they are fortunate enough to have good long term tenants in their current home, they will be better able to weather the real estate market in those areas while leasing a home in Central Virginia.
I find myself giving property management advice to my current renters since they are NOW landlords themselves.
