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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Glen Allen native serves aboard Navy’s most advanced submarine


A 2007 Deep Run High School graduate and Glen Allen, Virginia native is serving in the U.S. Navy as part of a crew working aboard one of the world’s most advanced ballistic missile submarines, USS Tennessee, Gold Crew.

Petty Officer 2nd Class Michael Uhl, a machinist’s mate, serves aboard the Kings Bay-based boat, one of 14 Ohio-class ballistic missile submarines.

As a machinist's mate, Uhl is responsible for operating and maintaining the auxiliary engineering equipment aboard the submarine. > Read more.

Fresh Air Fund seeks host families


The Fresh Air Fund, a program through which nearly 4,000 children from low-income New York City communities spend a summer with host families in communities along the East Coast and in southern Canada, is seeking hosts for the coming summer.

According to the organization, there is no such thing as a “typical” host family. First-time Fresh Air children are boys and girls, from seven to 12 years old. Children who are reinvited by host families may continue with The Fresh Air Fund through age 18 and can enjoy extended trips. > Read more.

Godwin student wins in statewide STEM essay contest

Governor Terry McAuliffe and the Virginia Council on Women announced recently that Morgan Logsdon of Mills E. Godwin High School was one of five statewide winners of the sixth-annual STEM (Science, Technology, Engineering, and Math) Essay Contest for young women enrolled in their junior or senior year of high school.

The Council on Women established the contest to award scholarships to high school junior and senior young women who plan to pursue STEM careers at institutions of higher education. > Read more.

Varina meeting May 2 to address opioid crisis in Henrico


Varina District Supervisor Tyrone E. Nelson will hold a Community Conversations meeting Tuesday, May 2 to discuss the opioid epidemic in Henrico County.

The meeting will be held at 6:30 p.m. at the Henrico Theatre, 305 E. Nine Mile Road. Nelson will be joined by County Manager John A. Vithoulkas and members of the Henrico Heroin Task Force for a discussion of heroin and opioid abuse and ways to prevent it. > Read more.

Baker ES to remain closed until fall


Baker Elementary School students will complete the 2016-17 school year at other locations and will return to a restored building in fall 2017, school leaders have decided.

The decision was made in order to provide ample time for repairs to be completed at the fire-damaged school and to avoid additional interruptions to instructional time. > Read more.

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April 2017
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The Vintage Home Market will take place from 9 a.m. to 6 p.m. Apr. 8 and from 10 a.m. to 4 p.m. Apr. 9 at the Richmond Raceway Complex. The Vintage Home Market is a gathering of the region's finest vintage and antiques dealers and artisans. Items for sale include vintage holiday decorations, architectural salvage, painted furniture, lighting, jewelry, retro home and garden décor and more. Admission is $5. For details, visit http://www.thevintagehomemarket.com. Full text

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