Recent Projects and Updates
Market Snapshot: September 2022
The interest rate hikes appear to be doing what they were meant to do. The market is cooling down, but it’s a minor cool-down and not concerning. We needed things…
Market Snapshot: August 2022
Six months into the current age of interest rate hikes, we are still seeing a very active market. Prices have decreased less than 3% since the high in June of…
Market Snapshot: July 2022
The Richmond story continues to differ from the national narrative that we hear about in the news. The low inventory in our market means that sales are happening quickly and…
Market Snapshot: June 2022
While we are seeing slight adjustments to the market, we have not experienced any dramatic changes even after almost six months of increases in interest rates. Our local Richmond market…
Market Snapshot: May 2022
Because interest rates began to climb in February, the stats from May are really the first ones to show us if there has been an impact. The number of homes…
Market Snapshot: April 2022
The big news, of course, is that interest rates are on the rise. The takeaway is: Don’t Panic! We really needed something to calm the frantic market we’ve had for…
Market Snapshot: March 2022
The biggest change recently is the rise in interest rates from right around 3% to solidly in the 5% range, in just two to three months. Of course, the big…
Market Snapshot: February 2022
In addition to these year-over-year comparisons, the difference in median home price just from January 2022 to February 2022 is almost $15,000! And in the last two years it’s gone…
Market Snapshot: January 2022
Stats. Rinse. Repeat. There’s not much new to say! Demand continues to bear down on us like a tidal wave, and supply remains meager. So far the minor increase in…
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