We enjoyed the first snowfall of the year in Hampton Roads last week and are expecting more this weekend and, at least in my household, excitement levels have been through the roof! The local real estate market is just as exciting right now, with sellers experiencing...

In October we pointed out that it was the first time in our memory that all of the major statistics we track had double digit percentage changes based on year over year numbers. This month’s update also has them solidly in double digit territory. Here is the...

For the first time in our memory all of the major statistics we track have double digit percentage changes based on year over year numbers.  Here is the chart that compares September 2020 to September 2019: This chart isn't that different than last month, but last...

Do you realize 2006 was so long ago that the iPhone wasn't even introduced?  That back in 2006 Lee had only had his real estate license for four years, but like now, the local real estate market was on fire.  Take a look at this month's chart showing how...

Some buyers are starting to feel that finding a house for sale is beginning to approach a needle in the haystack level of difficulty in this market.  Multiple offers are very common, especially for houses under $300,000, and it isn't unusual for a home to sell within...

We have all been overwhelmed by numbers in 2020.  The stock market went up, then way down, and now back up again.  COVID cases were going up, then down, and now are on the rise again.  The local real estate market also has had its share of fluctuations, but thankfully...

Last month we wrote about the effects of COVID-19 and lower number of homes for sale across Hampton Roads.  You can read it by clicking this link: https://www.callcrossrealty.com/2020/05/01/lee-and-harrys-real-estate-update/ The decline in active listings has...

In the over 65 years that Cross Realty has operated under the leadership of my grandfather, and now myself and my father; we have encountered many situations that have impacted our local real estate market in interesting ways. In uncertain times, we have been able to...

We are going in a different direction with this month's update.  We have put the summary chart at the bottom of this email, and if we had written this two weeks ago our theme would have been that prices seem to be going up and that inventory is tight. ...

We hope you are warm and enjoying what is left of the snow.  Lee was greeted at home Thursday by some very excited girls armed with snowballs!   Lots of fun was had by all, and the day ended with hot chocolate. Sellers are also having some fun in this...