Things are not looking good for the local housing market, Brian McNeill writes in the Progress, but few real estate agents will say that in so many words. Dave Phillips, CEO of the Charlottesville Albemarle Association of Realtors, actually claims that the market is “hot,” with the caveat that that’s in relation to Alaska’s temperatures. Pat Sury of Montague Miller says “we have stabilized,” and that “it’s a great time to buy.” And the president of CAAR, agent Judy Savage, says “we’ve hit bottom.” Real Estate III’s Pam Dent suggests that now is the time to buy a home in Glenmore because, really, who can commute all the way to a barn to see their horse? (It’s dreadfully inconvenient.) All of that tells me that we may have a lot farther down to go. Real estate blogger Jim Duncan is inclined to agree that, at least, there’s no way to tell whether or not we’ve hit bottom: you’ve got to start back up before you can know. Real estate agents are dropping like flies, expensive houses are being rented for a song, and houses are languishing on the market for months and months. True to its mission, the Bubble Blog says the bottom is nowhere in sight, and its proprietor has taken to drinking. So it’s a buyers market…as long as you don’t need a mortgage.
Sideblog
Police announced this afternoon that their investigation into what was initially believed to be a fatal fire on Rugby Avenue is now a homicide investigation. #
The Virginia Supreme Court has denied George Huguely’s appeal. His second-degree murder conviction will stand, WRIC reports. #
In a carefully worded story, and not citing specific sources, WTVR reports that forensic evidence belonging to Jesse Matthew Jr., the main suspect in the disappearance of Hannah Graham, matches forensic evidence collected during the investigation of Morgan Harrington’s 2009 murder. #
In the wake of Hannah Graham’s disappearance, and the evidence that came from private security footage, city officials are revisiting the question of installing security cameras on the downtown mall. #
Both Charlottesville Registrar Sheri Iachetta and former Electoral Board member Stephanie Commander have turned themselves in to the police on
foursix and four felony counts of embezzlement, respectively. #Ten years ago, the National Institutes of Health budget doubled and schools like the University of Virginia built massive new research facilities. A decade later, those buildings remain largely underutilized. NPR visits UVA in this story on the effect of federal binge and spurge spending in the sciences. #
In 2012, Council approved a new student housing complex on West Main—now some council members are questioning whether what they were shown matches what was built. #
The Architectural Review Board has approved a bike-themed mural on West Market, below the McGuffey Art Center, although at least one member expressed concerns that it might look like the bicyclists were riding away from Charlottesville’s downtown. #
City Police Chief Tim Longo is meeting with city leaders to work on protocols regarding the use of military surplus police weapons in Charlottesville. #
A 100-year-old Colonnades resident received military honors for her service in the WWII Women’s Army Corps #
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