Real Estate Information Archive

Virginia Beach Real Estate

Searching for a home at the Virginia Beach and Surrounding areas has never been easier when you utilize our automated home search system at www.forhomeinfo.info .  This free service will help you find your Virginia Beach dream home quickly and easily.  This service can locate homes ranging from condos and single family homes  to waterfront homes and any type or price home in between.  If you have a specific price range or budget in mind you can choose to be notified of only the homes within your selected price range saving you the frustration of sorting through homes that you have no interest in.

If you would like to get started just visit Virginia Beach Real Estate and the Hampton Roads real estate listings will be sent automatically to your email inbox as new area listings come on the market and are entered into the Real Estate Information Network  MLS System.  In most cases you will be notified as fast if not faster than the majority of real estate professionals working in and around Virginia Beach Area.  If our home search system doesn't cover a specific feature or detail you would like, be sure to utilize our "Comments" section on our online form and tell us exactly what you want and we will customize your search specifically for you (All custom searches will be completed that business day).

You may be asking yourself why am I willing to provide this service to you for free with no real obligation when many real estate agents won't even put the street address or price in their advertisements?  The answer is simple... TRUST.  I put a lot of trust into people and I believe that the vast majority of folks we come in contact with are good, hardworking and honest people.  I would like an opportunity to earn your trust and become your Virginia Beach Real Estate Agent. 

Virginia Beach Home Search System 

Market Comment

Mortgage bond prices rose last week pushing mortgage interest rates lower. The gains came following some stock weakness, signs that unemployment may rise, and better than expected productivity. Increased productivity allows companies to produce more with the same labor input. This helps keep costs in check and alleviates inflation fears.

For the week interest rates fell by about 3/8 of a discount point.

The Fed "Beige Book" will be the most important data this week. The Treasury auctions will also set the tone for mortgage interest rates. Strong foreign demand could result in mortgage interest rates improvements.

Auctions

Low crime, strong schools, green spaces, and fun activities are key ingredients for a happy childhood.

A strong school system would also be key. From there, you'd need lots of other children, expansive green spaces to play in, and plenty of nearby family events. Toss in an abundance of artistic and recreational activities, and all of a sudden you've got one heck of a place to grow up. At U.S. News, we wanted to find out if any communities like that already existed—and if so, where they were located. So we dug into our database of 2,000 different places all across the country and pinpointed the locales that met these criteria. We then examined these communities more closely to determine which places offered the best combination of safe neighborhoods, fun activities, and top-notch educators. Our selections appear below, in our list of America's 10 Best Places to Grow Up:

Virginia Beach, Va.

Junior adventurers will love Virginia Beach, Va. This community of 434,000 residents in the southeastern part of the state has a low crime rate, a solid school system, and 35 miles of majestic beaches on the Atlantic Ocean and the Chesapeake Bay. "It's kind of neat to be able to come home from work, make a call to my wife or son, grab a bucket of chicken or some sandwiches, and then go out on the bay and have dinner," says Greg Ward, who works for a marketing firm that represents the Virginia Beach Convention and Visitors Bureau.

Children can explore an impressive ecosystem of threatened and endangered species—including bald eagles and loggerhead sea turtles—in the 9,000-acre Back Bay National Wildlife Refuge. The warm summers and mild winters provide plenty of opportunities to hike, bike, and picnic your way through the 19 miles of scenic trails over at First Landing State Park. And after checking out the sand tiger sharks and the cow-nose rays at the Virginia Aquarium and Marine Science Center, children can catch an educational picture in its 3-D IMAX theater.

And in early September, the community is launching an online resource—VBparents.com—designed to keep parents plugged in to local health and school news, while ensuring that they are up-to-date on all of the community activities available to their kids. "There are lots of great parenting resources out there. This one is going to be specific to raising your child and your family within the city of Virginia Beach," says Jenefer Snyder, city of Virginia Beach GrowSmart coordinator. "We are constantly going to be connecting it back to community services, activities, events, programs, and classes."

By Luke Mullins, US News

Aug 20th, 2009

The real estate market in Hampton Roads showed signs of stabilization in the month of May.  The numbers for active listings, settled sales, and pending sales all demonstrated positive movement.  Although the increase in residential listings from April to May was only one-half of one percent (75 listings), the number of active residential listings was actually lower year-over-year by more than 5%.  This lower number of active listings points towards more competition within comparable homes for sale. 

Among the 14,401 residential listings for sale about 9% were distressed properties in either a short sale or bank-owned situation. This represents a higher percentage than the same timeframe last year (3% in May 2008), but fortunately does not approach the percentages reported in other areas hit much harder by price run-ups over the past few years.

The months’ supply of residential housing inventory edged up to 10.4 months in May. This is an increase of 0.2 from April’s measure and a cumulative 1.8 month increase over the past 6 months. The decline in sales at the end of 2008 and into the beginning of 2009 is the main reason why the months’ supply increased 21.2%, while the number of active listings only increased 10.7% since December 2008.  The aforementioned 5% decline in active residential listings year-over-year could be misleading if thereare listings waiting to be placed on the market when it is perceived to have bottomed. Settled residential sales increased on a month-to-month basis by 12.5% despite being down year-over-year by 10.4%.

 In contrast to last year, the number of settled sales has increased each month since January 2009. In May, foreclosure properties comprised 16.3% of settled residential sales. Since the beginning of the year, the percentage of sales in this category has consistently been between 14.6% and 17.2% each month.

Pending residential sales, often a leading indicator of the real estate market, showed strong positive movement again in May. The category saw an increase of 6.4% year-over-year and 1.8 month-to-month. Meanwhile, pending foreclosures matched the percent of settled sales for the months of April and May, and accounted for approximately 16.6% of pending residential sales.

publish by reininc.com