Well at least that is what our local paper the Daily Progress is saying…Read more
At a recent meeting of local Charlottesville Home Buildersan economist says that we may explode in 2010
here is a quote from the DP:
“Your market is not nearly as bad as other places in the country,” Chmura told the homebuilders. “So when the recession ends, things should bounce back to normal fairly quickly. That’s the good news.
After reading the article I have to agree with many of the points. For one: the “McMansions” are in the past…People want more efficient, well built homes.
But I do disagree about garages… I still hear a lot of people that want a 3-4 car garage (I am included)
Thoughts?
About The Author
Charles McDonald, Associate Broker at RE/MAX Assured Properties and dedicated Buyers Agent The Thomas Crown Affair buy
is the author of this blog, and several other sites on the Internet. Charles and his group of experts in the Charlottesville area are always available to help you with your Real Estate needs. Call our group anytime at 434-981-1585 or to search for homes visit: Charlottesville Real Estate
Copyright © 2009 Charles McDonald, All Rights Reserved
Original post by Charles McDonald / Your Trusted Broker for Charlottesville Real Estate (RE/MAX Assured Property) and software by Elliott Back
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About Charles McDonald
We’re builders/developers in Calvert County, MD (just south of Washington, DC and Annapolis). There’s little question that the “McMansions for everyone” paradigm has shifted. I do feel, however, that a certain percentage of the market will aspire to a larger, custom home especially in areas such as ours with severely constrained lot inventories. Currently, the majority of our sales are to first-timers in search of exceptional value. Our struggle with energy efficiency is that no one seems to want to pay for it. When you talk about a long-term payback, buyers balk. Low prices are ruling our market. I look forward to 2010, but unfortunately we have ten months left in 2009.
Brooke Kaine
President, Kaine Homes
Brooke – yes 10 more months of 2009 and I agree with the responces you get from buyers. We see the same…