A Real Estate Heat Dome?

We traveled to Oregon, the home state of Jean Cross (Harry’s mom, Lee’s Grandmother), and found it much hotter than we remembered! The weather is being blamed on a heat dome, and after seeing this chart, courtesy of the Real Estate Information Network (REIN our local...

read more

Broken Record…

At the risk of sounding like a broken record, we think the sales trends for this summer are going to be very similar to the summer trends of 2021 and 2022. Fewer homes overall are being sold but those that go on the market are still selling fast. The average number of...

read more

SUMMER TIME!

Summer doesn’t officially start until the summer solstice on June 20, but I (Lee) consider the start of summer to be the week after Memorial Day. The last day of school has either already arrived or is right around the corner and the lightning bugs are flying...

read more

Still Half Full For several months we have emphasized that, despite the doom and gloom in the media about the national real estate market, our local market is still doing fine. In fact, across Hampton Roads we are still in a strong seller’s market.   The numbers from...

read more

Spring is Here Last month we predicted an early spring for the real estate market, and with the local market numbers from February in hand, it looks like our prediction is coming true. According to data from REIN (Real Estate Information Network, our local MLS), the...

read more

An Early Spring?

While national celebrity Punxsutawney Phil predicted six more weeks of winter, local groundhog Chesapeake Chuck did not see his shadow and predicted an earlier spring for Hampton Roads! It certainly looks and feels like Chuck was correct. From a real estate...

read more

What Will Happen in 2023?

Yogi Berra said, “It’s tough to make predictions, especially about the future,” and physicist Neils Bohr said, “Prediction is very difficult, especially if it's about the future!” So there is a solid consensus that predicting the future is not for the weak of heart....

read more

Real Estate is Starting to Feel Cold, BUT is it?

Last month we wrote that the real estate market is cooling, but it isn’t really cold yet (click HERE if you want to read last month’s update). While I (Lee) am happy to report that the heat is now on in my entire house, those of us in real estate are...

read more

Real Estate is Cooling, but Will it Get Cold?

After a two weeklong negotiation, I (Lee) was successful in getting to a win-win situation with the other members of my household who prefer the thermostat to be set to freezing. We agreed to turn the heat on downstairs to deal with the cooler October temps, and leave...

read more