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Peg Gilliland- Assc. Broker, GRI, CDPE

A Downtown Charlottesville Home from Solutions

CLICK PHOTO

Days on Market: 3 | Original Price: $339,000
Bed: 4 | Bath: 3.0 | Built: 1955 | Acres: 0.34
MLS: 493863
Finished Sqft: 1,958 | Unfinished Sqft: 166

PUBLIC OPEN HOUSE SUNDAY, NOV. 20, 1:30-4 PM - VENABLE ELEM. Freshly painted & updated, 1950s one level 4 BR/2.5 BA ranch w/ partially finished w/o bsmt. Handsome 1/3 acre corner lot in popular city neighborhood - walking distance of Greenleaf & McIntire Parks, UVA & Barracks Road Shopping Center. Hardwood floors, W/B fireplace in LR, good closet space. Over-sized screened porch & back deck overlooking mostly level yard. Paved driveway. Terrace-level entrance perfect for separate home office.

Homes for Sale in Rugby Hills Area

Charlottesville Market Data and Thank you

"The Charlottesville Area Association of Realtors released its housing market report last Friday.

Sales are still behind from last year, and the number of houses for sale is still too high, according to the report.

However, people are having no trouble selling higher-end properties in parts of Albemarle County.

The head of the Association of Realtors says it will be a buyer's market until 2009."

Homes are still moving in our area and I am out with clients most days showing and listing properties. It seems that there are a lot of part time agents who are not seeing much activity.

I for one want to thank my clients and friends for all the referrals this year!!!

Without your support it would be much more challenging.

Daily Progress - Social Security

Our Local Paper the Daily Progress is running a series on Social Security:

Social Security Is Still Broken

It says: "Currently, 3.3 workers pay taxes to support each retiree. The system has worked so long as the base of the pyramid was larger than the top. But the baby boomers did not have enough children, so when they retire, the ratio of workers to retired boomer will be only 1.8 to 1. Short of burdening the next generation with massive taxes to support us, there is no solution. The system was flawed from its inception."

We are certainly in for some challenges ahead and I hope that we can work out the Social Security issues.

Is anyone else concerned or have an opinion?

Martha's Market

UPCOMING EVENT!!!

Martha's Market
Oct 10, 2008 - Oct 12, 2008 Friday Oct 10 10am to 7pm; Saturday, October 11 10am to 6pm; Sunday, Ocotber 12 10am to 4pm

Location: John Paul Jones Arena

Martha's Market, The Women's Committee of Martha Jefferson Hospital's award-winning benefit for women's healthcare, returns to John Paul Jones Arena at the University of Virginia from October 10 through 12, 2008. Sixty-five boutiques from across the country turn the Arena into a unique marketplace.

Friday, October 10 from 10-7;

Saturday October 11 from 10-6;

Sunday, October 12 from 10-4.

Admission $5, children 10 and under free. John Paul Jones Arena is located at 295 Massie Road in Charlottesville. www.johnpauljonesarena.com or www.mjhfoundation.org


Martha Jefferson Hospital Foundation 434-982-8258

Rates in Charlottesville

Below are current rates courtesy of :

SunTrust Mortgage

Rates

October 1, 2008

Loan Amounts: 417,000 and below

Conventional

Rate: 6.125 - APR: 6.166

FHA & VA

Rate: 6.375 - APR: 6.847

Rural Housing - 100% LTV

Rate: 6.000 - APR: 6.023

VHDA

Rate: 5.75 - APR: 6.08

VHDA - FHA Plus - 102.75% LTV

Rate: 6.000 - APR: 6.83

100% Doctor Loan Program & Jumbo Rates Available Upon Request

Rates subject to change based on current market, loan to value and credit

Peg Gilliland www.PegGilliland.com and Charles McDonald Charlottesville Real Estate bring you this information for your reference. We always suggest checking with aat least 3 sources for loans or any other services...