Real Estate Blog

As cash investors pull away from the housing market, August's existing home sales also slipped, according to the National Association of REALTORS®. This decline follows four consecutive months of impressive gains. Sales increases in the Northeast and Midwest were outweighed by declines in the South and West. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 1.8 percent to a seasonally adjusted annual rate
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Sometimes good things fall apart so better things can fall together

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Hi Folks,

Found this web page in Trulia

This interactive page allows you to compare renting vs buying a home.

In Hampton Roads it is 47% cheaper to own than buy......check it out.

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Existing home sales increased 2.4 percent in July, tallying the fourth consecutive month of increase. While the pace of existing home sales remains 4.3 percent below the July 2013 rate, the steady improvement for resales is positive news for the new home market where total construction spending rose 1.8% to $981.3 billion in July from the revised June estimate of $963.7 billion. Compared to July 2013, construction spending has risen 8.2% on a year-over-year basis


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There is a tendency for agents and other real estate professionals to become “too comfortable” with short sales due to the sheer volume of these sales and their high percentage of the total closing volume in our geographical area.  Our team has the wisdom and experience to know that the field of negotiating short sales is still very specialized and technical and requires an expertise and attention to detail that most agents just do not have the time or volume of experience to handle properly.  The law firm of Pittman and Associates has had a full time short sale team for over five years and has successfully completed hundreds of short sales per year over that time.  Chase Pittman and his department are always on alert to protect sellers and hard working

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