Forclosure Rates by Counties in Metro Richmond VA

 
 
 
Foreclosure Rates by County – Richmond Metropolitan Area
August 2008
 
Please remember – the higher the number the lower the rate!
Most of Richmond’s local rates are significantly lower than the national or state rates.
 
To view the searchable map below, follow this link:  http://www.realtytrac.com/MapSearch/FreeSearch.aspx?a=b&StateSel=va&accnt=137302   
 
 
 
Caroline 1 in 305
 
Chesterfield 1 in 1284
 
Goochland 1 in 8247
 
Hanover 1 in 1157
  
Henrico 1 in [...]

Home Sales in Aug in Richmond VA

Statistical Profile

 

 

Aug, 08

¹Interest Rates

 

0 + 0

6.250

1 + 0

6.000

Unemployment Rates

 

*Richmond Metro

5.0%

**Virginia

4.6%

**US

6.1%

²Foreclosure Rates

 

5Richmond Metro

N/A

Virginia

1 in 607

US

1 in 416

³Avg. SF Sales Price

 

³Richmond Metro

$279,039*****

4Virginia

N/A

5US

N/A

³Avg. Twnhm/Condo Sales Price

$169,102

³SF Units Sold (Rich. Metro)

1072

³Twnhm/Condo Units Sold

127

³Avg. SF LP/SP Ratio %

96.3%

³Avg. Twnhm/Condo LP/SP Ratio %

96.6%

³SF New Listings on Mkt (Rich. Metro)

2536

³Twnhm/Condo New Listings on Mkt (Rich. Metro)

290

*****includes 1 sale of $7,250,000 SP

 

****includes [...]

Rates are still GREAT to buy a home

After a tumultuous week, mortgage rates and the stock market both ended the week very close to where they started.  Thursday’s announcement of a comprehensive plan to bail out the financial system calmed the markets. Details are still to be worked out, but the idea is for the government to establish a rescue vehicle that [...]

Financial crisis — not an economic crisis

What a couple of weeks!  The government takeover of Fannie Mae and Freddie Mac, its rescue of insurance giant AIG,  the collapse of Lehman Brothers, and this week’s hair-raising plunges in the Dow, has the media on overload and many of us worried that this downturn may be the Big One. I have been following [...]