Buying a Condo in Richmond, VA? Ask questions!
The problem with condos in Richmond, VA right now is two fold. The first is supply. Development Lenders are not lending to developers for condo projects. When supply is limited it makes that product type less liquid. In a market with lots of condos units like New York or Boston, then there is amble supply and [...]
Richmond Condo Market on the Mend?
Here’s a good article from BizSense. Excellent quotes from local condo market participants. Are Condos a Good Buy? I have been very leery of the condo market in Richmond for a long time. My main concern, for buyers, is that it’s not a mature market. Sure there have been condos in Richmond for a long time, but [...]
