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Wednesday, September 21, 2016

Updates on the Virginia Economy

Over the past few weeks the Roanoke College Institute for Policy and Opinion Research has released two of my reports regarding the Virginia economy: one on consumer sentiment and inflation expectations and one regarding the real estate market.

You can read each by using the links below. As you will see, sentiments in the Commonwealth are strong and households report rising incomes (which is in keeping with national results.) There is a sentiment disparity by party as shown in the graphic below (VAICS=Virginia Index of Consumer Sentiment.) This survey was conducted before the recent gasoline shortage.

In the real estate markets, inventories are falling resulting in rising home prices. In the graphic below for sale inventories = green bars, median list price = blue line (all data from but graphic is my own.)

The real estate index varies considerably across the Commonwealth. The break even value for the index is zero where equal shares of respondents believe the current real estate market has improved over the last year as those who believe it has worsened. The figure below shows the strength in the Tidewater, Central Virginia, and the Tidewater particularly relative to Southwest Virginia and the Shenandoah Valley.

Read the full reports here: 

Keep your sentiments up,


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