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Lee Ann Ruby
REALTOR®, Associate Broker
Serving Metro Richmond
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Date Archives: January 2021

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January
27

Understanding Real Estate: The Home Search

Understanding Real Estate – a new series of educational videos from Napier Realtors ERA!

Our first video is all about HOW & WHY to do the real estate home search. Some ways are better than others (looking at you, Zillow) – learn how to search with the home experts!

January
25

Try Out a New Hobby in Richmond

Hobbies in Richmond

With 2020 in the rearview mirror, it's time for a fresh start. Make 2021 the year you have fun and expand your horizons with a fascinating new hobby. Our real estate agents will be exploring some entertaining options at these great places around Richmond homes for sale.

  1. Olde Towne Studio 7 - 20 W. Old St., Petersburg, VA 23803
    New year, new venue for Olde Towne Studio, a delightfully creative spot not far from Petersburg homes for sale. Their new space is perfect for exploring your artistic side through painting, pottery, beadwork, and other crafts. No experience necessary: the studio provides an instructor and all supplies while you bring enthusiasm and refreshments. Sessions are offered for adults, kids, and families. Registration is required. Visit the website for schedule and pricing information.

  2. Cultural Arts Center at Glen Allen - 2880 Mountain Rd., Glen Allen, VA 23060
    Experts agree that creating art relieves stress, improves cognitive skills, and boosts self-esteem. Along with all those benefits, it's just plain fun to take classes at the Cultural Arts Center at Glen Allen. With options ranging from painting and pottery to photography and creative writing, you'll find something for all ages around Glen Allen homes for sale. Get inspiration from exhibits in the four galleries displaying collections from regional and international artists. The Center is open seven days a week. Visit the website for class schedules. 

  3. Artisans Wine & Homebrew - 13829 Village Place Dr., Midlothian, VA 23114
    Take the craft beer explosion to a new level by creating your own brew at home. Artisans Wine & Homebrew has all the equipment you need, from brewing supplies to bottles and kegs. If you prefer wine, Artisans has that covered also. You can even pair your beverage of choice with the cheese you make yourself. Order ahead for curbside pickup after viewing Midlothian homes for sale. Hours are 10 a.m. - 5:30 p.m. Tuesday through Friday and 10 a.m. - 5 p.m. Saturday.

  4. Ladles & Linens Kitchen Shoppe - 3016 W. Cary St., Richmond, VA 23221
    Did you find yourself spending more time in the kitchen last year? Keep building your culinary talents with gadgets, cookbooks, and more from Ladles & Linens Kitchen Shoppe. Channel your inner Martha Stewart by using a selection of upscale tabletop and serving items. Have a friend or relative who's a home chef? Find the ideal gift at Ladles & Linens. Private shopping and curbside pickup are available. Hours are 10 a.m. - 6 p.m. daily.

  5. Quilting Adventures - 6943 Lakeside Ave., Henrico, VA 23227
    Quilting is more than just a relaxing way to pass the time. It offers a means to create a personal keepsake that can be handed down through other generations. Express your individual style with the extensive selection of fabrics and accessories from Quilting Adventures, just minutes from Henrico homes for sale. If you're a newbie, check out their free monthly Sit N Sew class on the basics. Quilting Adventures is open 10 a.m. - 4 p.m. Tuesday through Saturday.

Is 2021 the year you make a move to Richmond? Contact us at Napier ERA for experienced help buying and selling homes. 

January
19

2019/2020 Market Recap

2019 to 2020 Market Recap

The local housing market took some unexpected turns in 2020, but hey, that's on par with everything else we saw from 2020!

We've unpacked 2019's trends and compared them to 2020's to stay up to date with what may come in 2021. ⁠ ⁠

Looking for advice on how to handle this market? Contact Napier ERA to stay in the know!

January
18

National Cheese Lover's Day: Cheese Shops and Delis in Richmond

Richmond Cheese Shops

It's almost time to celebrate a very delicious holiday, with National Lover's Cheese Day right around the corner. Fortunately, the delis, markets, cheese shops, and wine bars of the Richmond area are ready to supply everything you need for this special day, including some of the best cheese that you'll find anywhere. These shops offer a mix of fresh, locally created cheese, and delectable imports from all around the world. Our real estate agents have all the details on 5 local shops where you can find special treats for National Lover's Cheese Day this year.

  1. Truckle Cheesemongers – 1320 Summit Ave., Richmond, VA 23230

    If you're searching for the best cheese close to Richmond homes for sale, then Truckle Cheesemongers is the perfect place to start. Every cheese here is cut to order, the selection is outstanding, and contactless delivery is available by appointment. You can also stop by the shop to see the selection in person, check out the great options for cheese boards, grab a gift basket, and get personalized advice from Richmond's cheese experts.

  2. Secco Wine Bar – 325 N Robinson St., Richmond, VA 23220

    Would it truly be a cheese celebration without a nice glass of wine to pair with your favorite cheese? Pick up everything you need in one place at Secco Wine Bar, which offers delicious cheese, fantastic wine, and so much more. Grab a fantastic cheese board with selections from Chef Julie Heins, or shop from a great selection of gourmet cheese, meat, and wine. You can pick up your cheese in-store, or schedule a local delivery anytime.

  3. Belmont Butchery – 15 N Belmont Ave., Richmond, VA 23221

    If you're aiming to put together a charcuterie board to pair your cheese with delicious meats, nuts, and dried fruits, then Belmont Butchery is more than worth a visit. This Richmond butcher shop offers a wide variety of specialty items, including special smoked cheeses and a huge selection of artisanal meats that are hard to find at other butcher shops. The knowledgeable team here will be happy to help you pick the perfect pairings, and put together a charcuterie board that your guests are sure to love.

  4. Murray's Cheese – 14101 Midlothian Tpke., Midlothian, VA 23113

    For the best cheese close to Midlothian homes for sale, try a quick visit to Murray's Cheese. If you want the widest selection of cheese and meat from around the world, this is the perfect place to shop. The list of cheeses available at Murray's Cheese is a mile long and includes varieties that you may not find at other shops. Don't want to restrict your celebration to National Lover's Cheese Day? Sign up for a monthly cheese club, and enjoy something new in your mailbox every month.

  5. Route 1 Country Store – 13723 Boydton Plank Rd., Dinwiddie, VA 23841

    Great cheese is never far from your front door around Dinwiddie homes for sale, thanks to great local shops like the Route 1 Country Store. This family-owned and operated shop has a little bit of everything, with a full-service deli that offers cheese, fresh cold cuts, and delicious sides. Planning a full meal for National Cheese Lover's Day? Be sure to check out all of the fresh bread, delightful desserts, and specialty drinks available at Route 1 Country Store.

When you want access to food that's as fresh as it gets all year long, the Richmond area is the perfect place to call home. Contact us to buy and sell homes throughout the Richmond, VA area.

January
15

2020's Final Market Update

Final 2020 Market Update

Central Virginia had a very active December 2020! After an unexpected year, we are happy to see the market staying active and fast-moving!

December had thousands of transactions and we're seeing big jumps in higher home prices as time goes on, month over month, year over year.

Let's see what 2021 will bring for CVA! Contact Napier Realtors ERA for your buying and selling needs and view homes for sale now.

January
11

Find Your New Favorite Richmond Brewery this Year

Richmond Brewery

A new year presents the perfect opportunity to discover some new favorite businesses around Richmond, and the dynamic local craft brewing scene is the perfect place to start. Way back in 2012 there was only one craft brewery in the area, but today there are dozens of excellent options to choose from! In addition to unique craft brews that you won't find anywhere else, many local breweries also offer world-class dining. Our real estate agents have the details on 6 of the best craft breweries in the Richmond area for you to enjoy this year.

  1. Hardywood Park Craft Brewery – 2410 Ownby Ln., Richmond, VA 23220
    Hardywood Park Craft Brewery
    was the second brewery to open near Richmond homes for sale, and it's still going strong today. Their Richmond taproom is open every day for lunch and dinner, with takeout available. You can set up your order online with a diverse selection of packaged and draft beers available, then enjoy contactless pick up at the Richmond taproom.

  2. Strangeways Brewing – 2277A Dabney Rd., Richmond, VA 23230
    When you're in the mood for something unusual and off the beaten path with your next brew, a trip to Strangeways Brewing is sure to satisfy your craving. Strangeways has carved out a niche as a brewery that caters to peculiar tastes, and its award-winning lineup of truly unusual craft brews is sure to include something you haven't tried before.

  3. Capital Ale House – 13831 Village Place Dr., Midlothian, VA 23114
    If you're searching for a truly diverse, worldwide selection of craft beers near Midlothian homes for sale, then you'll definitely want to make a trip to the Capital Ale House. The menu here is a mile long, with craft beers from across the United States and beyond available for takeout with easy online ordering. If you have a hankering for the latest brews from Germany, Scotland, or Mexico, this is where you'll find them.

  4. Sedona Taphouse – 15732 WC Main St. Westchester Commons, Midlothian, VA 23113
    Looking for a brewery where the food on the menu is just as unique as the craft brews? Head over to Sedona Taphouse, and get ready to enjoy something special. From fish tacos and juicy burgers to fresh takes on all of your favorite appetizers, Sedona Taphouse has you covered with delicious dining and even better beer. Simply place your order online to shop from a huge selection of bottled beers, wine, craft cocktails, and food, choose your pick up time, and enjoy something special.

  5. Trapezium Brewing Company – 423 3rd St., Petersburg, VA 23803
    There are plenty of great breweries to choose from around Petersburg homes for sale, including the popular Trapezium Brewing Company. The Trapezium Brewing Company taphouse is open every day for in-person visits, while also offering curbside pickup with all of the food and beer on the menu available to go. If you're looking for a brewing company that will happily fill your growler, growler, or keg, Trapezium is a great option.

  6. Veil Brewing Co. – 1301 Roseneath Rd., Richmond, VA 23230
    With a reputation as one of the most creative, unique craft breweries in the entire country, Veil Brewing Co. is sure to have something fresh for you to try this year. There are three Veil Brewing Co. taprooms located in the Richmond area, each with its own lineup of craft beers available for convenient curbside pickup.

Ready to explore all that the Richmond brewing and dining scene has to offer? Contact us to buy and sell homes in the Richmond, VA area.

January
6

2021 Central Virginia Mortgage Forecast

2021 Mortgage and Real Estate Forecast

Wondering what 2021 has in store for us?

I don't have a crystal ball, but I did gather predictions for 2021 from 3 major real estate sources: National Association of Realtors, Realtor.com, and Redfin.

While they all agree that interest rates will remain low in 2021, their outlooks vary on the strength of the economy and the housing market in 2021. Here's what they had to say: 

National Association of Realtors
Lawrence Yun, Chief Economist for the National Association of Realtors:

"2020 has been a year of surprises," Yun said about the strong housing market, despite the pandemic. "This winter may be one of the best winters for sales activity," Yun said. "It won't match summer or spring sales numbers, but on a winter-to-winter comparison, this could be one of the best breakout years just based on the fact that pending contracts are at such a higher level." Yun also said he believes that the economy will make a strong recovery- but that the recovery was dependent on the vaccine.

Here are some more of Yun's predictions:

  • The U.S. rate for the 30-year fixed mortgage will average at 3.1%
  • Sales of existing homes likely will increase by 9% (compared to 3% in 2020)
  • New-home sales will increase by 23% (compared to 20% for 2020)
  • Home prices will increase by 3% in 2021 (compared to 6% in 2020)
  • We expect home sales in 2021 to come in 7.0% above 2020 levels, following a more normal seasonal trend and building momentum through the spring and sustaining the pace in the second half of the year.

Realtor.com

  • The market will settle into a more predictable pattern. Seasonal trends will begin to normalize in 2021 compared to the wild trends that were seen in 2020.
  • Home sales will increase by 7% in 2021, compared to 2020. Sales will remain strong in the Spring, and as vaccines for the coronavirus become more broadly available to the public, and economic growth reflects the resumption of more normal patterns of consumer spending, home sales gain even more in the second half of the year.
  • Home prices will ease someone in 2021, compared to 2020. Price gains to ease somewhat in 2021 and end 5.7% above 2020 levels, (we saw a roughly 7.6% increase in 2020, compared to 2019) decelerating steadily through the spring and summer, and then gradually reaccelerating toward the end of the year.
  • Inventory will remain constrained but could make slight improvements by the end of the year. Inventories are expected to improve and, by the end of 2021, inventories could finally register an increase for the first-time since 2019. 
  • Mortgage rates are likely to bump up to 3.4 percent by the end of the year. With sales prices increasing as well, this could create an affordability issue for buyers.
  • Millennials will dominate the market. Millennials will no longer just dominate the entry-level market, but they will also take over as "move up" buyers as they continue to have more children and need more space.

Redfin
Redfin Chief Economist Daryl Fairweather had a number of predictions for the 2021 housing market.
Here are just a few:

Mortgage rates will remain historically low at 3%.
"Although the U.S. may be able to vaccinate most of its citizens by the end of 2021, many countries will struggle to distribute vaccines. Thus, the global economic recovery could take much longer, which would make U.S. mortgage-backed securities attractive to international investors, keeping mortgage rates low."

There will be more home sales than in any year since 2006, but price growth will slow.
"
As Covid-19 cases hopefully decline due to vaccination, Redfin expects more new listings to make for a more balanced market and more home sales. New listings declined 3% in 2020 from the previous year, but in 2021, Redfin expects new listings to grow by over 5%. The increase in new listings combined with slowly rising mortgage rates will cause price growth to moderate to under 5% in 2021, down from 6% [in 2020.]"

The homeownership rate will reach 70% for the first time since 2005
"The normalization of remote work has set off a domino effect of increased homeownership. People who lived in expensive cities only to be close to work are abandoning their apartments to buy their first home in more affordable places. As small-time landlords in urban areas lose tenants, they will sell their investment properties. This surge in condos for sale, which currently sell for a 17% discount relative to single-family homes, will give many city-dwellers the opportunity to become first-time homebuyers as well."

 

Posted with permission from:
Kristine Arbogast
kristine.arbogast@townefirstmortgage.com
VP, Senior Loan Officer
NMLS # 249222
4501 Cox Road 
Glen Allen, VA23060
Office # (804) 673-1900
Cell # (804) 334-8157

 

January
4

2021: Top Colors for the Year

Colors for 2021

Each year, paint companies and color pros choose hues that will make a splash in the coming year based on the current trends. Brighter, bolder colors were unveiled for 2020 in anticipation of a year filled with confidence and optimism. For 2021, however, things are moving in a subtle direction. The reignited passions for creating beautiful homes, along with the need for more peace and serenity, have influenced many of the expected color trends of 2021. Here are the top shades our real estate agents know so far and how you can use them in your home.

  1. Aegean Teal by Benjamin Moore
    Benjamin Moore selected Aegean Teal 2136-40 for its 2021 color of the year. This intriguing, soft color is a blend of gray and blue-green. It marries green's association with nature and wellness with the tranquil nature of blue. The gray undertone helps provide a modern look to it. The color creates natural harmony and an invitation to reflect and reset.

    Add it to your home: This color's calming qualities make it a great option for home offices, bedrooms, and kitchen cabinetry.

  2. Ultimate Gray and Illuminating by Pantone
    Pantone chose two contrasting colors for 2021: Ultimate Gray (a dull, familiar gray) and Illuminating (the bright yellow of lemon skin). These colors combine to reflect a sense of resilience and optimism. The gray cloudy skies evoke our collective experiences over the past year of quarantine. The yellow highlights hope and light at the end of the tunnel. 

    Add it to your home: Perfect for upholstered furniture and walls, gray is a timeless neutral that provides a foundation for interiors. The yellow adds a dash of positivity and brightness when used on wall decor, accent furniture, the front door, and accessories like throws and pillows.

  3. Satin Paprika by Rust Oleum
    Popular spray paint brand Rust-Oleum chose its 2021 color of the year, emphasizing warmth, calm, and comfort. Satin Paprika, an earthy red hue, anchors other trending shades the brand has chosen, curated to complement modern boho aesthetics, outdoor living spaces, and midcentury modern style.

    Add it to your home:
    To add this earthy, spicy hue to your space, try spraying a few coats on accent furniture or update wall decor for a vibrant feel. The color pairs well with earthy tones like black matte and brass finishes.

  4. Passionate by HGTV by Sherwin-Williams
    A rich, bold red, Passionate is a hue that blurs the line between modern and traditional. It is part of a larger collection dubbed "Delightfully Daring," which comprises shades of rich brown, aqua, and energetic green. When used thoughtfully in design, this red shade can easily incite emotion and add energy to a room. It creates a refreshing backdrop for nature-inspired accents and neutral furniture.

    Add it to your home: The warm hue of this paint looks cozy in a home library or den. Or consider adding it to your home office for a professional touch. 

  5. Aqua Fiesta by Glidden
    Rather than select a Color of the Year, Glidden announced its first-ever Accent Color of the Year: Aqua Fiesta. This bright, refreshing aquamarine hue looks great on millwork or accent wall. While the color might be overwhelming if painted all over a wall, it helps perk up a room even in small doses, especially when combined with neutral colors.

    Add it to your home: Pair it with a cool gray to lend spa vibes to your bathroom. In living areas and bedrooms, combine with neutral accessories or cream-colored fabric for a soft look.

Are you dreaming of a new home that you can paint with some of these top colors in 2021? Contact us today to discuss your goals and start touring some of the best Richmond homes for sale.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 12/01/2022. The listing information on this page last changed on 12/01/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of CAAR MLS (last updated Wed 11/30/2022 11:10:27 PM EST) or CVRMLS (last updated Thu 12/01/2022 1:07:40 AM EST) or Williamsburg MLS (last updated Wed 11/30/2022 10:54:30 PM EST) or NNAR MLS (last updated Wed 11/30/2022 10:26:40 PM EST) or Chesapeake Bay & Rivers (last updated Wed 11/30/2022 8:50:19 PM EST). Real estate listings held by brokerage firms other than Napier Realtors ERA may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --


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