May 2015 Real Estate Index

My report on the real estate market in the Commonwealth came out this week. Several questions concerning the real estate market are included in the survey used to gather data for the consumer sentiment report. We (the amazing people in the Roanoke College PR department) try to spread the releases out by about a week.

Virginians are generally optimistic about the current and future real estate markets. An interesting find is that buyers in Southwest VA are quite positive, likely due to a belief of housing surpluses from departing Norfolk Southern employees.

Black line indicates "robust" market

You can read the report here. The Roanoke Times wrote an article about the report (found here) and I interviewed with WVTF.