Beruflich Dokumente
Kultur Dokumente
MARKET
Home sales “Housing prices have fallen, mortgage
rates are modest and regional incomes
Old Dominion University
published its
MARKET
50% - Old Dominion University’s 10th Annual State of the Region Report
45.46%
45%
35%
chooses to own or rent... 40%
2009 as in 2001...”
21.5%
20% 20%
15% 15%
10%
10%
5%
5% 4.89% 0%
1979 1989 1999 2006 2008 2009
Source: Old Dominion University Economic Forecasting Project
0%
“The data tell us this is one of the
JUL ‘09 AUG’09 SEP ‘09
purchase a home.”
“The increased
“Since 2006, median
affordability of housing household income needed
enhances the pool of to pay the principle and
interest on a mortgage for the
buyers eligible to purchase of the median-priced
purchase homes in home in Hampton Roads has
Hampton Roads...” fallen by one-third. Indeed,
regional housing is at its most
and is not very far away from
its most affordable scenario in
affordable level in 10 years the past 30 years.”
The Region’s Leader – Serving all your real estate needs throughout Williamsburg, Southeast Virginia and Northeast North Carolina!
Churchland/Suffolk 483-0306 Franklin 562-7771 Laskin Road 428-3516 Poquoson 868-4100 Commercial 213-5391
Currituck (252) 435-6100 Great Bridge 547-9691 Little Creek 588-0213 Port Warwick 595-8895 Property Management 499-5688
Downtown 625-2580 Great Neck 481-3710 Lynnhaven 486-2410 Smithfield 357-3217 Relocation 490-0022