Economist Predicts Good Year for Charlottesville Real Estate

Posted: Updated:

A nationally renowned economist is predicting Charlottesville will have a strong real estate market this year.

Economist Lawrence Yun spoke Thursday morning in Albemarle County. About 200 real estate professionals gathered at the Double Tree hotel to hear Yun’s analysis of the impact of jobs and even world events on central Virginia.

“For most homeowners, they will continue to see a rise in home values and that's good news for homeowners,” said Yun.

Yun says climbing interest rates are still low enough to be attractive to buyers.

Yun's study incorporated the job market, the housing demand, as well as Washingtonians continued interest in migrating to central Virginia.

  • Sign Up for Email Alerts

    Sign up to receive news, weather, and breaking news emails from the NBC29 newsroom in your inbox daily.

    * denotes required fields

    Thank you for signing up! You will receive a confirmation email shortly.