Nearly half of Charlottesville renters are spending at least 35 percent of their household income on housing.

Charlottesville’s 2008 Housing Affordability Program is giving $428,475 in grants to city homeowners for real estate tax relief, a slight increase from last year.

A Richmond homebuilding firm has come to the rescue of a struggling Charlottesville-area builder.

An investment of $1.2 million in Albemarle taxpayer dollars helped generate $11 million more last year to combat the area’s lack of affordable housing.

A growing majority say they won’t buy a home anytime soon, the latest sign of increasing pessimism.

Depending on where you stand — seller versus buyer — the first quarter housing market report released today by the Charlottesville Area Association of Realtors is either a depressing read or a report brimming with optimism.
Fewer homes were sold in the region in the first three months of this year than during any similar period since 2000 and housing inventory sits at about an all-time high.