Henrico County VA

Housing market shows positive signs

The housing market in Central Virginia showed signs of improvement during the third quarter of the year, according to the Richmond Association of Realtors.

Home sales in the region rose 23 percent from the same period in 2010, and pending sales (a strong indicator of final sales) were up 11 percent as compared to the third quarter of 2010.

“The fact that the housing market in 2011 has outperformed the 2010 housing market through the first nine months of the year is amazing, considering that buyers had the inducement of a tax credit to spur their decision making last year and no such inducement exists this year,” said Cheryl Hamm, president of the Richmond Association of Realtors and Central Virginia Regional MLS. “Of course, sales prices continue to lag, but we've known all along that sale price would be the last indicator to turn around."

The main factors dampening the resurgence of home prices are the foreclosure inventory and the economic uncertainty of buyers and sellers, Hamm said.

“The continued presence of foreclosures in the market makes it difficult for sale prices to rebound when the region is viewed as a whole,” she said. “We are seeing some modest price increases in certain neighborhoods; we've even seen some multiple offer situations. In many instances, whether a home is selling and for what price is dependent upon the factors that have always been most important – location, the condition of the home, and the sale price.”

As major banks have resumed with processing foreclosures, an initial foreclosure uptick may be in store, but in the long run this will help promote the movement of foreclosure inventory.

"If positive economic indicators continue to show promise, consumer confidence should also improve, Hamm said.

“Can I predict what the fourth quarter will look like or how 2012 will shake out? No. The fourth quarter is typically seasonally slow, so I would not be surprised if that held true for this year as well," she said. "As for 2012, there are just too many variables abroad and here in the U.S. for me to make a prediction."
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Community

A.C. Moore to host winter craft day for kids

Event will help kick of Marine Corps' 'Toys for Tots' campaign
All 140 A.C. Moore locations will serve as drop-off centers this year for the Marine Toys for Tots Foundation, and all toys collected will stay in the local communities served by the stores in which they are donated.

On Saturday, Nov. 15, the Willow Lawn location will kick off the month-long program by hosting a "Make & Take" craft event for kids. Children ages six and older will be able to make a craft and take it home with them. Representatives from the Marines will be in-store to teach customers about the Toys for Tots program. A.C. Moore team members will be on site to help with the crafts. > Read more.

CCC seeks donations for food pantry

Commonwealth Catholic Charities is in desperate need of food donations for its community food pantry that serves the region’s low-income families, according to officials with the Henrico-based nonprofit.

After moving into its new location this past summer, the agency has dedicated a larger space for the pantry but the shelves are practically empty.

“As we head into the holidays and the weather turns colder, the need for food becomes even more critical, but unfortunately our cupboards are nearly bare,” said Jay Brown, the agency’s director for the division of housing services. “Donations of food will allow us help provide.” > Read more.

Hands-on duties

More than 1,000 volunteers from throughout the region gathered last month as part of HandsOn Greater Richmond to complete more than 60 projects.

The event is a program of the Partnership for Nonprofit Excellence.

In Henrico, a group of Target employees (pictured) undertook a project at Fairfield Middle School to help re-plant the school's community garden and paint the outdoor shelter. > Read more.

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Entertainment

Weekend Top 10


For our Top 10 calendar events this weekend, click here! > Read more.

A ‘Life’ well lived

Animated ‘Book of Life’ overcomes average storyline with extraordinary presentation, details
“Beauty is only skin deep” applies all too well to The Book of Life. An animated feature from first-time director Jorge R. Gutierrez, The Book of Life spins a classic love triangle – two childhood friends, Manolo (Diego Luna) and Joaquin (Channing Tatum) both in love with Maria (Zoe Saldana).

Maria, in all honesty, is a little more interested in Manolo’s musical charms, but her father wants her to marry the boastful and militaristic Joaquin. And when two gods, La Muerte and Xibalba (Kate de Castillo and Ron Perlman, respectively), turn this little love triangle into a wager (as gods often do), Manolo’s quest for true love will take him through life, death, immortality and the underworlds of Mexican folklore.

Now, back to the “beauty” part – because as far as the visuals go, The Book of Life is the most extraordinary animated film to hit theaters this year. > Read more.

Weekend Top 10


The holiday season is underway and Lakeside Avenue has everything you need during its 10th annual Holly Jolly Christmas event! Shoppers will enjoy extended hours at several dozen shops and free trolley rides. Also this weekend, the 23rd annual Great American Indian Exposition & Pow-Wow. There will be over 200 American Indian dancers, singers, drummers, artists and crafters. In the mood for music? Check out The Gibson Brothers at UR and Susan Greenbaum at the Shady Grove Coffeehouse. For all our top picks this weekend, click here! > Read more.

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