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RSS FeedGainesville Dying? |
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?
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