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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County streamlining, expanding some GRTC routes in Henrico


Some of Henrico County’s busiest GRTC bus routes will expand to include weekend service and will be regularly scheduled in 30- or 60-minute intervals, a Henrico Department of Public Works official told the county's Board of Supervisors earlier this month.

“This is about optimizing routes,” County Manager John Vithoulkas said. > Read more.

AAA to host summer car care events Saturday


AAA Mid-Atlantic will host summer car care events this Saturday, July 29, including at one of its Henrico locations.

AAA surveys show that many motorists are unprepared for roadside emergencies, so the organization will offer free battery, tire pressure and car maintenance checks at the events, which will run from 9 a.m. to 1 p.m. > Read more.

Janet James, pastor


Tennessee native Pastor Janet James of Gayton Kirk Presbyterian grew up in a small town surrounded by mountains in Eastern Tennessee called Dayton.

She grew up worshiping Baptist, but that soon changed when she attended college and explored her religious options. James attended a worship and music conference in 1989 in Montreat, N.C., that made her question her career choices. She could not stop studying and reading more about God and decided to go to career counseling. > Read more.

New utility services number for metro area

Richmond city, Henrico, Chesterfield and Hanover county natural gas customers have a new number to call for their utility services.

The City of Richmond Department of Public Utilities has replaced its old number, (804) 646-7000 as well as 311, with it's new number, (804) 646-4646 for all calls relating to utilities. Utilities include natural gas, water, sewer, storm-water and electric street-lighting. > Read more.

Henrico County property transactions, July 10-16


A sample of property transactions during this period appear below:

3714 Pemberton Ave.- $105,000, 720 SF (built in 1957), from William F. Patton Jr. to Jessica Garcia.

510 Besler Ln.- $121,000, 964 SF (built in 1986), from Joseph and Coral P. Bolden to Taneen Marlow.

3502 Westcliffe Ave.- $140,000, 1,564 SF (built in 1947), from Benny H. Wilson Jr. to Benjamin A. Nyannor. > Read more.

Henrico Business Bulletin Board

July 2017
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The Senior Film Series at Sandston Library continues from 2 p.m. to 4:30 p.m. with “Theremin” (1993, PG, 85 minutes). The movie is based on the book, “Us conductors: in which I seek the heart of Clara Rockmore, my one true love, finest theremin player the world will ever know: a novel” by Sean Michaels. Coffee and snacks will be provided. For details, call 501-1990 or visit http://www.henricolibrary.org. Full text

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