Wednesday, March 14, 2012 / by Joey Schlager
As home prices continue to slide, more and more homeowners find themselves owing more on their homes than those houses are worth. The slowing level of foreclosure activity last year only exacerbated the problem, leaving more homes in trouble on the market.
Across the country, many home owners are struggling against the current. According to Corelogic, the number of underwater mortgaged homes rose in the fourth quarter of 2011 to the highest level since, 2009. 24/7 Wall St. analyzed Corelogic's report and identified the top 10 states with the highest percentage of underwater mortgages.
Thankfully, Virginia is not one of them. High median income and low unemployment has lead to a relatively low rate of homes that are 90 days or more late on their payments, or in foreclosure. These two factors have ensured that most homeowners, while still struggling with their mortgage, are still financially secure. 23 percent of Virginia's mortgages are underwater, the 10th-highest rate in the countr ...
Tuesday, February 07, 2012 / by Joey Schlager
Joey Schlager, Richmond real estate expert, has signed a publishing deal with CelebrityPress, a leading business book publishing company, along with other leading real estate experts to release “The New Rise in Real Estate.”
Richmond, VA – January **, 2012 – Joey Schlager, of the Richmond Realty Team, has signed a publishing deal to contribute to the forthcoming book titled, The New Rise in Real Estate: The Nation's Trusted Real Estate Advisors Reveal Their Top Secrets for Buying and Selling Homes in the New Real Estate Economy. Mr. Schlager and a select group of America’s leading real estate professionals and members of the National Association of Expert Advisors have joined together with noted real estate experts and coaches, Jay Kinder and Michael Reese, to co-write the much-anticipated book. Nick Nanton, Esq. along with business partner, JW Dicks, Esq., signed a publishing deal with each of these authors to contribute their expertise to the book, which will be released under thei ...
Friday, January 27, 2012 / by Joey Schlager
4th Quarter 2011 Housing Market Report Shows Promising Indicators
Richmond, Va. – While state capital areas across the U.S. have not fared well economically in the past year, many analysts forecast that the housing market will pick up with the national economy in 2012. The Central Virginia housing market is heading in the right direction, with price stability and modest price appreciation expected in the year ahead.
During the fourth quarter of 2011, the inventory of distressed sales was drawn down in many markets, causing downward pressure on prices; but there was a 3.3% increase over 2010 sales in the Central Virginia market during 2011. There was also a 20 percent increase in Central Virginia pending sales during the 4th quarter of 2011 over the 4th quarter of 2010. Pending sales are a strong indicator of final sales in the following quarter, suggesting stronger sales in the first quarter of 2012.
“We’re quite pleased with how 2011 shaped up,” said Scott Ruth, 2012 President of t ...
Monday, January 16, 2012 / by Joey Schlager
Number One Agent Joey Schlager Signs With Dicks Nanton Celebrity Branding Agency Nick Nanton, Esq. and JW Dicks, Esq., co-founders of Dicks Nanton Celebrity Branding Agency, have recently signed nationally recognized Top Realtor, Joey Schlager. FOR IMMEDIATE RELEASE PRLog (Press Release) - Jan 17, 2012 - Richmond, VA. Realtor, Joey Schlager, has been signed by the Dicks Nanton Celebrity Branding Agency. Joey is Team Leader with The Richmond Realty Team, at RE/MAX Commonwealth, serving Central Virginia for the past six years. Joey has been named the Number One RE/MAX Agent in the entire State of Virginia, as well as one of the top 70 RE/MAX agents in the world. I am committed to providing the best possible service to both home buyers and sellers, said Joey. My goal is to take the stress out of buying and selling for each client. One way Joey relieves client stress is with his groundbreaking guarantee Your house sold or well buy it for cash! Before becoming a top real estate ...
Wednesday, January 11, 2012 / by Joey Schlager
Richmond Home Value Information
Avg. Single-Family Home Value
Average Condo Value