MSN Money recently reported on real estate in 290 metro markets thoughout the country. Though Florida and Califorina markets have been hard hit, Texas, Utah and Washington have seen increases and several Virginia markets fared well. Lynchburg, Virginia is ranked at 34. To read the entire report go to MSN MONEY.
Price appreciation as of December 31 -by percentage
Metro Area Rank 1 quarter 1 year 5 years
Lynchburg 34 1.37 5.36 45.7
Charlottesville 45 .99 4.77 70.56
Richmond 74 .19 3.75 61.3
Roanoke 96 -.46 2.96 41.08
City rankings are listed by metropolitan areas. The Office of Federal Housing Enterprise Oversight House Price Index is published on a quarterly basis and tracks average house-price changes in repeat sales or refinancings of the same single-family properties. The index is based on analysis of data obtained from Fannie Mae and Freddie Mac from more than 30 million repeat transactions over the past 30 years.
Posted by
Debbie Malone, Realtor RE/MAX 1st Olympic 20395 Timberlake Rd Lynchburg, VA 24502
(434)546-0369 malone1981@aol.com
Searching for a home in Lynchburg, Forest, Bedford or Campbell County? I work with both Buyers & Sellers: First homes, Investment, Relocation or Vacation at the Lake. I'm a RE/MAX 1st Olympic Agent
Getting Connected at Smith Mountain Lake, Virginia
Higher Education in Lynchburg, Virginia : Lynchburg College
Givens Books- Little Dickens- This is More Than Just a Bookstore- Lynchburg, Virginia
Have a Special Occasion? Dinner at Crown Sterling Restaurant, Lynchburg, Virginia
Local Business in Lynchpin Industrial Center: Boxley Block
Local Business in Lynchpin Industrial Center: Frito Lay
Local Business in Lynchpin Industrial Center: NovaTech
Local Business in Lynchpin Industrial Center: RiversEdge Furniture Company
Local Business in Lynchpin Industrial Center: Tyco Electronics
Local Business in Lynchpin Industrial Center: Milwaukee Iron- Steel Made In America
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Debbie, That is good news for your market. Always good to hear such news.
Gita, we've been trying to get the word out that our local market is doing well, this is just another example. Thanks for commenting.
Geeze Louise, I am going to have to get in the state of Ginia before too long gurl.
Sho' do Mr. Thornton, did you see where Lynchburg ranked???
Girlie, Lynchburg bees at the top and that is why I am getting in gear
LOL! We could use a good team of lenders- Speed it up son!
Debbie, it aint me honey. You know all these corporate guys got to stand at the water cooler and scratch while they decide if we can lend there,
I know, I'm just antsy!LOL! I think y'all should do some field research (aka road trip) and bring the girls. Boat season is just around the corner....
I will have to check into that and see what they requirements are to get the road trip facilitated.
LOL! See if you can write it off....
Debbie, I write off all my marketing. The company pays for none of the overhead.
Debbie - The good news seems to be outweighing the bad lately. Hooray! Thanks for the bright report.
Thanks Tom, we are happy for the good news.