Welcome to the New RealTown! Submit Feedback
Member Login | Join RealTown
The Real Estate Network

Piedmont Real Estate Blog

Blog by Julie Emery
Amissville, Virginia

An ongoing dialog on real estate news, opinion and trends in Northern Virginia and the greater Piedmont area.

Subscribe

Your E-mail Address:
Subscribe to:

Recent Comments

RE: How it Should Work
i agree with you, although different alternatives...
RE: The Bad and the Ugly
Nice article on the foreclosure market.  I am...
RE: Getting A Mortgage After Foreclosure
John, If I can help you move forward, please let...
RE: National Price Declines Don't Tell the Whole Story
Increasing the number of immigrants will not solve...
RE: Getting A Mortgage After Foreclosure
i had a foreclosure this july will be 2yrs. My &nb...

Site Feed

RSS Feed

Piedmont Real Estate Blog

Gainesville Dying?

Apr. 14, 2009
Categorized in: Local Market Conditions

A Reuters article this week suggests that Gainesville is a dying community.

I think the article gets some things right and others wrong.

Gainesville home sales are jumping. And in the lower prices we're seeing bidding wars and/or multiple offers. That doesn't signal to me that the entire community is dying. And, yes, there are still a lot more foreclosures to come. If they come at a measured pace the market will quickly absorb them.

On the other hand, I continue to see buyers less willing to do the long commute. So, unless the pool of jobs within a reasonable driving distance of Gainesville increases, the community has some tough times ahead.

And, the further out you go (think Fauquier County) the more commuters have opted out.

Are new, good jobs going to be created in these communities? Or, are we simply going to be smaller?

Reinventing Our Communities

Jul. 23, 2008
Categorized in: Local News

Warrenton and Culpeper have, for some time now, been considered bedroom communities. Basically the people who have been moving here were commuting to someplace far away to work each day and coming home to sleep.

As more and more families couldn't afford homes closer to their jobs, they came looking out this way. Often they put up with miserable commutes in order to get that new house for their family.

This was part of what fueled the boom in real estate in our communities. And, the end of that flock of commuters moving here has had much to do with the real estate bust, at a local level.

Even with the recent decline in the price of oil, a real long-term reduction in gas prices now seems unlikely. And, as long as gas is at or above $4/gallon, those commuters are probably not coming back.

So, what's next? Who is going to buy these homes?

It seems clear to me that both Warrenton and Culpeper are going to need to reinvent themselves. Whatever we're going to be in the future, it's probably not what we've been in the past.

It's probably unrealistic to think that we're going to bulldoze all those new subdivisions and go back to the sleepy small towns that we once were.

It's equally unrealistic to believe that the commuters are coming back and that we can thrive as a bedroom community.

So, who do we want to be? Clearly we're going to need to attract businesses that pay high enough wages that families can afford to buy homes. What kind of businesses do we want to attract? What's a good fit with who we are today, our history and who we want to be in the future?

I'm not sure our local governments have yet figured out that we need to re-imagine ourselves as something different. Although I see signs of hope in each community.

Warrenton is talking about turning trash into energy. Might this be the start of becoming a green city and a push to attract green industry?

Culpeper is building new condos downtown next to the train depot where they hope to soon have another train headed into DC. This could be the start of the new Culpeper.

These are clearly seeds of something new. Now let's start public discussion and brainstorming around this challenge and potential solutions. It's going to take years to figure this all out and to begin to make these changes. Let's get started now!

 

 

Word of the Day Ask the Experts Question of the Day