Posts Tagged housing market

Potential buyers at Dusty Boots Open House

Builder Mike Newhall , right, points out details in his Homearama home.

Spring brings fresh hope and optimism for the local housing market as hundreds of potential buyers streamed through homes in various phases of construction during the “dusty boots” preview of Tidewater Builders Association’s Spring Homearama last weekend.

The Homearama builders got some valuable face time with potential customers on Saturday and Sunday.

While some visitors were just curious to see what’s in store for Homearama, others were weighing in on whether any of the eight homes could be theirs.

Sheila Hohmann with Hohmann Builders reported one woman spent over 45 minutes in their Homearama home and came back to take photographs.

Builder Russ Hohmann greets visitors to his Homearama home.

Even though their Homearama home has already sold, Les Ore and Bill Brice of Bill Ore Inc., said they now have two solid leads of potential buyers who would like to build the home elsewhere.

Builder Eric Sasser said he got to visit with 30 of his past and current customers over the course of the weekend. He also met a couple that indicated they would like to buy his Homearama home when their current home is sold – even if he has to build it for them on a different lot after the show.

One guest told Builder Ed Sadler he owned a waterfront lot and was looking for someone to build his dream home.

East West Communities Senior Vice President Mark Edwards reports he has two consumers sending “buy” signals over Mike Newhall’s Homearama home and a serious prospect for Norman Miller’s as well.

In addition to the home by Bill Ore Inc., the home by Birdsong Builders has also been sold. Spring Homearama is set for May 8-23 at Founders Pointe in Isle of Wight County.

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Spreading the word: It’s a great time to buy a new home

Headlines point to a turning tide in the housing market

Everyone knows it’s a buyer’s market, but what Fred Napolitano Sr. points out is that no one knows how long it will last. As president of The National Association of Home Builders during 1982 — the industry’s worst year ever (till now), he certainly knows what he’s talking about.

In a recent guest editorial, he takes The Virginian-Pilot to task for potentially leading consumers to believe time is on their side and risk losing out on low mortgage rates, low prices and tax incentives.

He cites a number of indicators that will eventually lead us back to a seller’s market. Read more about it. Fred Napolitano Sr. Editorial

Meanwhile, Tidewater Builders Association President Pete A. Kotarides finally has the housing headlines on his side as he points to a turning tide in the housing market.

His guest column in The Virginian-Pilot Home section reports on a number of recent indicators that point to a bottom in the housing market. Read more about it. VP Home Column

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