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Date: Jul. 25, 2007
Tags: None
OK, enough of the bad news stuff. Here are the bright spots out there!
Interest rates are down! Not a lot, but then we were already near historic lows! A slowing
economy could keep rates low for the near term.
Incredibly low unemployment rates. The unemployment rate for the DC/No. VA metropolitan area
is 3%. The nationwide average is 4.5%. People need good jobs in order to buy houses and there are lots of them out
there.
Charlottesville is the fastest growing MSA (Metropolitan Statistical Area) in the Commonwealth
of Virginia. That's on a percentage basis. Ultimately I think this will be good news for Culpeper.
There's discussion about bringing Amtrak from Culpeper to Charlottesville. Again, potentially
very good news for Culpeper.
Virginia continues to rank at the very top of states in terms of business climate. If
businesses relocate here and bring jobs with them, more homes are bought.
That's what I've got for good news. What can you add?
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