• psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813

Misleading Headlines about real estate in Hampton Roads Virginia !

Williamsburg Va real estate search

From my broker’s( Liz Moore ) Blog Post

Last week, the Daily Press featured a story on the front page of the paper with the headline “Area Home Sales Down 23%!”  Reporter Chris Flores went on to regale the grim state of the declining local housing market.  If, and only if, you read the article very carefully, you might pick out the nuggets that really should have  made the headlines:

Hampton Roads Virginia Makes Top Ten List of LEAST Riskiest Markets for Foreclosures!

Despite National Housing Slump, Local ( Peninsula) Median Sales Prices Remain Steady!

Peninsula Real Estate Market Outperforms both the State ( VA.) and the Nation!

But no.  Flores chose to lump together Peninsula housing statistics with Southside statistics, resulting in a far worse picture than the truth.  Here is what you need to know:  On the Peninsula, closings are down approximately 14% over last year, the result of a sluggish fourth quarter of 2007, and a slow start to the year.  Pending sales are only off 8%, suggesting that the market is beginning to rebound.

Sellers:  Despite a drop in the number of units sold, values are holding steady.  This is key, and means that there is still time to capitalize on the equity growth that we all experienced during the boom cycle.  Realistic expectations about market time and aggressive positioning are critical; however, if you are thinking about moving up, there is definitely an upside in the current market climate.

Buyers:  It’s truly a great time to buy.  Plentiful inventory, low interest rates, and sellers frightened by the onslaught of media hype about the market create an ideal market environment for buyers.

Given the mortgage liquidity crisis that stalled the national economy last August, and the volatile economy that resulted, our Peninsula housing market is *definitely* a bright spot in the big picture.

Consumer confidence is a key ingredient to balance in both the economy and housing market, so please help me spread the good news!

For further information about real estate in Williamsburg, James City, New Kent or York County Virginia  contact:

John Womeldorf/ REALTOR

Liz Moore & Associates

757 254 8136

John@MrWilliamsburg.com  email

www.MrWilliamsburg.com/   website

www.MrBurg.com website

www.MrHamptonroads.com/  website

www.MrTidewater.com/   website

www.MrVaBeach.com/  website

Williamsburg Real Estate Resource. Search for Homes & Land in Williamsburg Virginia & surrounding areas  click here :CLICK HERE WILLIAMSBURG VA MLS HOME SEARCH

CLICK HERE FOR Real Estate Home Search  Tidewater Hampton Roads Va 

 

My other area Real Estate and Information Blogs for Hampton Roads/ Tidewater/ Williamsburg Virignia and surrounding areas

Williamsburg Real Estate Blog II

Williamsburg Real Estate Blog

Williamsburg Happenings/ Events Blog

 

Williamsburg Va real estate search

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