Keith Davis | March 1, 2009
Interesting study by the Center for Economic and Policy Research released this week. The basis of the study is that baby boomers are being hit hard because of the turn in the housing market and the turn in the equity markets. From the study:
The report projects that in 2009, the median household in [...]
Keith Davis | February 28, 2009
Originally Published January 31, 2009
I just saw an article from the NY Times that was addressing the affordability of housing across the nation. Click the follow through for the chart and some explanation. Interesting numbers. Could be very positive for the outlook.
Granted, these numbers come from the National Association of Realtors, who I try to [...]
Keith Davis | February 28, 2009
Originally Published January 8, 2009
In a three month time, mortgage rates went from 6.47% down to 5.03%. This is the lowest rate in decades. The goal was the get the financial markets running, and it did. Unfortunately, it did not do anything for the purchase market, but rather got the refinance market off and running. [...]
Keith Davis | February 28, 2009
Originally Published January 4, 2009
Cars are now Buy One Get One Free, so why not houses. Over the past year, that is almost what we have seen. I was talking with an agent in my office on Friday about a listing of his that was six or seven months old. It was for a nice [...]
Keith Davis | February 27, 2009
Originally Published November 11, 2008
For those who haven’t seen the tax credit that is currently available, a quick review: If you have not owned a house in the last three years, and you make below a pretty hefty threshold you qualify for a $7,500 tax “credit” if you buy a home this year. Well, the [...]
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In the city of Charlottesville, inventory levels at the end of January fell below 9.5 months supply in all price categories except properties over $1MM.
Keith is a self diagnosed data geek. With an MBA from UNC (Kenan Flagler Business School) Keith finds himself always looking for empirical evidence to explain the market around us. He has worked representing buyers and sellers as well as local builders. His background is in start-up companies, from which he brings his desire to find new ways in which technology can improve the buying and selling process for his clients.He lives in the City of Charlottesville with his wife, Krista, and two young children.
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