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Economist Predicts Good Year for Charlottesville Real Estate - NBC29 WVIR Charlottesville, VA News, Sports and Weather

Economist Predicts Good Year for Charlottesville Real Estate

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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.

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