Healthiest housing markets for 2010 February 26, 2010 Are we beginning to see housing rebound? According to a study by Hanley Wood Market Intelligence there are 20 housing markets in the nation that will rebound before others. Ranking high on the list are Washington-Arlington-Alexandria, DC-VA-MC-WV at #8, and Richmond, VA took the #12 spot. Ladysmith Village is located south of Washington DC, just 25 miles north of Richmond. The article states that markets poised for a rebound are places where house prices never got out of hand, cities where a diverse and progressive employment base drives job creation, and towns that continue to draw population despite the economic recession. Hanley Wood found that the median price of a home in the DC metro was $290,580. Unemployment is expected to remain below 7%. As well building permits are forecasted to rise by 25% in 2010 meaning more new homes will be available for buyers. In Richmond, the study states that the median price of a home is $198,000 and fell only 5% in 2009. The region boasts a below average unemployment rate of 8.4% at year end, with employment expected to rise in 2010. As well, building permits are expected to rise by about 10% in 2010 To read the entire article, visit Builder online, the information source for the home building industry.
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About Ladysmith Village Ladysmith Village is a 740-acre planned community nestled in the heart of Caroline County, located 16 miles south of Fredericksburg and 25 miles north of Richmond, Virginia. Developed by Newland Communities, the largest private developer of planned communities in the United States, Ladysmith Village is planned for over 2,500 homes which will be divided into four distinct residential-neighborhoods along the natural corridor of the South River Sanctuary. Community amenities include miles of walking trails, ball fields, and a community recreation center. With a legacy that began in 1968, Newland and its affiliated companies are currently developing or managing nearly 40 community development projects in 14 states. |
