Now is a great time to buy a home!
THE FACTS ABOUT THE RICHMOND HOUSING MARKET
Welcome to RichmondHomeFacts.com , a website designed to help anyone considering buying a new home, to make the right decision. Now is the perfect time to buy. The five “i”s – interest rates, investment, inventory, incentives and ideal location – all indicate favorable conditions. To support this, we have provided outside resources; links to newsworthy articles; and Facts and Fiction- a section of our site that highlights the media’s natural bias for negative reporting and how truth can often be distorted. Market fundamentals show that homebuyers are now clearly in the driver's seat due to low interest rates; a strong selection of homes; competitive prices; and numerous incentives. Most importantly, housing markets adjust periodically according to overall economic conditions, and any or all of these extremely favorable variables could change for the worse, just a few months from today.
Right Place + Right Location = Right Time to Buy
Although the housing market has slowed and most of the headlines focus on the negative, one overriding fact that seems to be ignored is that some sectors of the new-home market are actually doing well. Several area Realtors, developers and builders are reporting good news when it comes to new home sales...more >>
For home buyers now, 'it's win, win, win all over the place'
Falling prices are making it easier for some Americans to enter the housing market. The U.S. economy is expected to be a winner, too, because...more >>
Buying in a Soft Housing Market
Everybody knows the housing boom is over in most parts of the country. But what does that mean for people who are thinking about buying a new...more >>