• 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

National Home Sales up

Federal programs designed to jump start the housing market helped boost sales of previously owned homes to their highest level since February 2007 and whittle down the excess supply of homes on the market in November.The National Association of Realtors (NAR)  announced that national home sales activity hit an annually-adjusted 6.54 million units in November, the highest level since February 2007 when activity hovered around 6.55 million units. Sales were up 44 percent from a year ago, the highest annual gain since the group started tracking the data in 1999.

NAR spokesperson Lawrence Yun said in a statement that the tax credit was a driving force:

“This clearly is a rush of first-time buyers not wanting to miss out on the tax credit, but there are many more potential buyers who can enter the market in the months ahead.”

While Yun also noted that this sales pace will drop off when sales are analyzed in December and the beginning of January, he said that a surge will likely return early next year as buyers try to buy before the tax credit expires at the end of April.

Clearly, the tax credit and the feds meddling in the mortgage market has helped add an extra kicker to home sales in the short term. As housing prices fall, home ownership becomes competitive with renting, and buyers start to come out of the woodwork.

While we all know that real estate is local but our market here in Williamsburg is heavily influenced by national trends. Quite a few of the buyers I work with need to sell their current homes in other areas before they can move here.

Here’s hoping that the trend continues…..


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