The Daily Progress Reports On Why Charlottesville Albemarle Home Prices Will Continue Declining For Years - "The New Normal" - Part V

The local newspaper has an article about the 225% YoY foreclosure increase, plummeting home prices, and the shadow inventory. 

The article locates the Charlottesville Albemarle real estate market in "reality": 
many short sales 
increasing foreclosures
the growing "shadow inventory"
huge inventory overhang - every day more properties listed
few qualified buyers
vanishing private employment
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