Is the Market Leveling Off? Roanoke VA Real Estate Market is a Bit Rocky
By Damon Gettier, Broker/Owner ABRM, GRI, CDPE
(Damon Gettier & Associates, REALTORS- Roanoke Va Short Sale Expert)
The Roanoke Virginia Real Estate Market has been a bit rocky this year. Unfortunately it appears to be that way because of outside forces (media) and not the area itself. Roanoke Virginia has a fairly stable economy. The major employers are still safe and sound with no threat of closing down or laying off. The housing prices have stayed remarkably stable with slight increases in a couple of areas with only the Smith Mountain Lake, Franklin County Virginia area suffering from what the national news would term as a distressed market. In the past several weeks we have seen an increase in showings and in purchase offers. Buyers seem to be losing several deals before they get realistic with purchase prices though. With our stable economy, the $8,000 tax credit and the large inventory it...
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