A sampling of the articles that I read this week that pertain to homes in our area:
Locally we found that the value of real estate has gone down 3.3% in Chesterfield and 1.13% in Henrico according to reports in the Richmond Times Dispatch. Of course, they have been observing and working on those assessments for the year.
More positive local news came when it was reported that December unemployment was unchanged for Virginia. Richmond International is seeing increased traffic and 5 hotels received high honors from AAA.
One of the most encouraging pieces of data came from the commercial real estate sector. For housing to stabilize and our economy to improve, we will need an increase in jobs. We know that employers are announcing hiring to come, well they are also renting more space. This is also reflected nationally and the results are a growing GDP.
A new survey indicates that renters and owners agree that owning a home is still a smart decision. Meanwhile another survey indicates that affordability was a primary reason for buying a home in 2010.
Finally we have a brief guide comparing some home maintenance costs versus repair costs.
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