Dee Maltese, our market expert for the Hampton Roads region of Virginia Beach, says the new homes market is holding steady, and is far from the hectic market of years past.

Gone are the waiting lists and buyers staying up until 10 or 11 at night to secure the contract on their home.

But there is good news for the region.

Virginia Beach has seen a 6 percent increase in prices.

Those buyers wanting to enter the market should definitely take advantage of bargains offered by resell sellers and builders to stimulate the market.

And Maltese thinks conditions will stay the way they are now -- with prices reflecting more real value -- through 2011.

That means plenty of inventory on the market for those able to get a loan.

Maltese says Virginia Beach has always stayed insulated from national trends, avoiding the extreme ups and downs seen in other parts of the country.

This makes Hampton Roads a great place to live and invest in a home.

For more information on this area, contact Dee Maltese at:
http://www.newhomesofvirginia.com.

Click here to view current Market Conditions in your location.

Published: March 13, 2008

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