Author: Patrick Wilkinson

Housing Starts Boom 2019 National Housing Starts, one of the greatest predictors of future housing growth, just shot up 16.9% above the November 2019 estimate. According to the Census Bureau’s release on 1/17/2020, “Privately-owned housing starts in December were at a seasonally adjusted annual rate of 1,608,000. This is 16.9 percent (+/-12.8 percent) above the … Continued

2019 Annual Roanoke Valley Market Snapshot By: Patrick Wilkinson Posted 1/13/2020 BRACE YOURSELVES! 2020 may become the Roanoke Valley’s most record-setting year in history. Healthy 2019 home sales in the Roanoke Valley were 4.4% higher than in 2018, and the highest number sold since 2005. But in the run up to 2005 the high volume … Continued

Q4 2019 Roanoke Valley Market Snapshot By: Patrick Wilkinson Posted 1/13/2019 Welcome to LivingInRoanoke.com’s Q4 2019 Roanoke Valley Market Snapshot Annual 2019 sales of residential homes in the Roanoke Valley were 4.4% higher than 2018, and the best we have seen since 2005! Below you’ll see how sales fared in the 4th quarter of 2019. … Continued

2020 The Best Year The U.S. economy is incredible: High home-builder confidence New Home Sales Low unemployment rate Enormous Retail sales 2020 is shaping up to be possibly the best year The Blue Ridge Region has seen in 50 years. (Go ahead, click on any of these links. It’s all true!) The numbers in the … Continued

Ho Hum, Home Starts Spike In October Important For The Economy In his most recent article, Economist Jon Barsanti Jr., states “New home construction is important for the economy. New Home construction creates jobs and retail sales. New homes need new furniture, new appliances, and sometimes new cars for the garage.” Barsanti goes on to … Continued

NEED GLASSES TO SEE THIS GRAPH? … Scroll Down… New Home Starts Surge In September Leading thinker and economist, Jon Barsanti Jr., has some great news for the strength of the housing industry. His latest article outlines the relationship among 1) single family housing starts, 2) homes under construction, 3) home completions, and 4) home … Continued

Why This Graph With Small Print? Scroll Down …. Why Should I Read This? Why have a graph of Retail Sales on a Real Estate blog? Well, what makes a great environment for the housing market in the Blue Ridge Region of Virginia? “Its The Economy” is not only a telling catch phrase, it is … Continued

Housing Market Rise Coming In 2020   Great News In a recent article from TransUnion (Chicago, 10/29/19), the headline reads “Housing Market to Receive Boost as Number of First-time Homebuyers Expected to Rise.” According to Joe Mellman, senior vice president and mortgage business leader at TransUnion. “… we may be starting to see daylight as … Continued

Keep Rent or Sell : What Seniors Can Do With Their Old Homes By Jim Vogel, Elderaction.org  11/7/2019 Seniors face an interesting dilemma when they’re forced to leave their home. Whether moving for practical reasons, health concerns, or monetary purposes, seniors have to decide what to do with their old properties. This isn’t an easy … Continued

Roanoke Valley Market Snapshot Q3 – 2019 By: Patrick Wilkinson Posted 10/3/2019 (UPDATED 10/14/19) Welcome to LivingInRoanoke.com’s Market Snapshot! You are very special to me, so please enjoy… Here you’ll find in-depth analysis, graphs and data, of residential real estate sales for the Roanoke Valley of Virginia based on data from RVAR. Be sure to … Continued

Pending Home Sales Grow In August 2019 Great News! Pending Home Sales Grow In August 2019 according to NAR… “The Pending Home Sales Index (PHSI),* www.nar.realtor/pending-home-sales, a forward-looking indicator based on contract signings, climbed 1.6% to 107.3 in August, reversing the prior month’s decrease. Year-over-year contract signings jumped 2.5%. An index of 100 is equal … Continued

What Happened To The Baby Boomers? You have read about them being born during the post WWII years. You may know one at work between the ages of 55 and 73. You may have one living down the street from you. You may have one in your own family. There may be one sitting in … Continued

New Home Construction Is Up In 2019 The latest U.S. Census Bureau report shows new home construction is up in 2019, according to their report on monthly new residential construction, July 2019 (published August 16, 2019). The three areas of significance are Building Permits, Housing Starts, and Housing Completions. Building Permits in July of 2019 … Continued