Harry’s Monthly Real Estate Insight

Suffolk is covered in “Gold”; ok its pollen, but that means our azaleas will soon be in bloom. The real estate market is not golden, nor blooming. The market is still struggling to obtain balance and stability, but the market is better because we have more sales. The challenge is that 20% of the listings; of which we still have a ten month supply and want a four month supply; are foreclosures or bank owned properties. The real kicker is that 43% of the sales are these same compromised properties. They are still setting the prices lower than normal sellers want to see and have to compete with. The government is considering making changes in the mortgage industry and possibly the interest deduction on home loans. Anything they do like that will simply send prices down lower. No good short term fixes and the best time to sell your home was last week! We can help you through this, call us.

**A Veterinarian that makes house calls? Did you know that we have a Vet that will come to your pet at your home? Hannah Adams, DVM does just that and she is a wonderful asset to our pets and community. Contact her at 757-355-2774 or adamsvet2pet@gmail.com.

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Specializing in properties in South Hampton Roads, Virginia.