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Home Values & Market

How does the value of your home compare to when you purchased your home?   Should you buy now?   Where is the local Hampton Roads real estate market headed?  Are homes selling?

Found 25 blog entries about Home Values & Market.

The percentage of women over the last decade in the work force has risen roughly 11 percent and women going into 2014 are projected to account for 47 percent of the total labor force according to the United Stated Department of Labor. Demographic changes are helping to fuel the trend. 
More women than ever are the primary earners in their households, according to a recent Pew Research Center study. In a record 40 percent of American households with children— nearly four times the level in 1960 — women are the breadwinners. And about two-thirds of these breadwinners are single.  According to the National Association of Realtors, single women accounted for 16 percent of home buyers last year, lower than their long-term average of 20 percent. Yet they…
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We live in a time where digital photos are everywhere.  Take Instragram, Snapchat, Facebook and of course Pinterest as prime social media examples of where photos are instant forms of communication.  It's because of these social networks that consumers demand a visually appealing online presence.

According to the National Association of Realtors, nine out of 10 home shoppers begin their search on the Web.  Due to this listing photos can play a major role in how quickly your home sells, the home price it's listed at and of course even if it  sells at all. "Photography is at the center of all your marketing," says Brian Balduf, chairman of VHT, ..."It's not just documenting that there is a house for sale. You want people to say, 'What a house,' " and be

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The holidays are a fun and festive time, but what about buying a house?  Should you try to do that in November or December?  If you're not picky about the home you intend to buy, the answer might be yes.

Sellers tend to avoid the end of the year due to the short days, wintry weather and the conventional wisdom that says buyers are otherwise occupied. But for those who do choose to sell at year end are often under pressure and highly motivated to cut a deal and that's why it might be a smart time to buy. Determined househunters can take advantage of sellers' urgency.

The biggest downside is the limited supply of for sale homes, which occurs mainly because sellers are so uninterested, but a couple of things are working to your advantage. There will be

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Did you buy in the housing boom?  Want to sell your home now?

Over the last year, I have heard from a few prospective sellers that say I made a bad decision and should have never bought when I did.  You may have this same thought if you purchased your home in 2005 through 2009.  

Let’s dig into this deeper.

For an example you purchased your home in Virginia Beach at the end of June 2005 for $300,000 dollars.  Say today, it is worth $250,000.  Say if you had rented a home of the same value – rent would be maybe $1,400 a month.

What is your home worth?

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For a case study- We will use June 2012 as the ending point with would be 7 ½ years. 

If you take $1400 a month in rent paid each month for 7 ½ year that is $16,800 x 7 ½ years or $1400 a

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