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Virginia Housing Development Authority
Update on Regional Market
Conditions and Trends
Charlottesville Area Association of Realtors
November 11, 2010
1
vhda.com | 800-227-VHDA
The Good News:
‡ The worst may be over.
The Bad News:
‡ Local, state and national housing markets
remain very weak.
‡ The direction of the market is uncertain.
‡ Several major challenges must be addressed
before a sustained recovery can occur.
2
vhda.com | 800-227-VHDA
Statewide, exiting home sales have
remained stagnant for over two years.
Source: VAR
Vi i i Exi i
Hm Sl
4-Qu
lli
Av
20,000
25,000
30,000
35,000
40,000
00-1
00-3
01-1
01-3
02-1
02-3
03-1
03-3
04-1
04-3
05-1
05-3
06-1
06-3
07-1
07-3
08-1
08-3
09-1
09-3
10-1
10-3
l
Y
Qu
3 Q '05
2
Q '08
- 39%
1 Q
'00
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