Richmond Market Trends

Pending Home Sales Still on the Rise

Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors®.

The Pending Home Sales Index rose 6.0 percent to 110.9 based on sales contracts signed in April. This figure is up from 104.6 in March, and is 22.4 percent higher than April 2009 when it was 90.6 and reflects increases of 7.1 percent in March and 8.3 percent in February.

Pending home sales are at the highest level since last October when the index reached 112.4 and first-time buyers were rushing to beat the initial deadline for the tax credit. The data reflects sales contracts and not closings, which usually occur with a lag time of one or two months.

This Month In Real Estate

Do It Yourself Moving Tips

Millions of Americans take on the task of moving every year, whether it's for a job opportunity, to be closer to family, or to simply try out living in a new place. Whatever the reason for your move, you can make the task more pleasant by planning ahead and taking advantage of resources designed to make moving easier.

Whether you're moving out of a just-the-basics apartment or a large family home, one of the tools you'll probably need is a moving truck. Because they've been serving customers on the move for more than 40 years, the experts at Penske Truck Rental have a few tips to get you started:

* Packing prep. Tackle packing bit by bit. By starting early, you'll avoid the stress that comes with rushing. If you're concerned you'll need a certain item that you're packing, pack it and leave the box open. It's a lot easier to tape up boxes on moving day than it is to frantically pack at the last moment. Buy sturdy boxes in a variety of sizes, along with foam and bubble wrap to protect your fragile items, a good supply of packing tape and bold markers for labeling boxes. On the big day, moving blankets and hand trucks will make the experience more enjoyable - be sure you've got them on hand.

* Lighten your load. As you start planning your move, you should also consider planning a moving sale. While packing, set aside a designated space or boxes for items you can sell. A good rule of thumb -- if you haven't used it in the last year, it can probably go. If there are unsold items, donate them to a local charity that needs what you need to get rid of.

* Mark and group. Label the outside of your boxes as you pack. First, list the room that the items belong in, and, if you want more detail, you can list an overview of what's in the box. As you move, keep the boxes for each room together as much as possible.

* Get trucking. For people moving across town, it's exhausting to make multiple trips between their old and new homes. For those moving across country, it's an impossibility. In either scenario, renting a moving truck will make the process easier and faster. Reserve at least two weeks in advance to avoid getting stuck without transportation -- Penske guarantees a truck for every reservation. Most movers find the 12- or 16-foot truck perfect for moving a few large items or the contents of a small condo or apartment. For guidance with larger moves or your truck selection, visit www.PenskeTruckRental.com.

* Pack smart. Load the heaviest items on the truck first. When you've got a sturdy base of the heaviest items, you can start stacking on top. This is when it's handy to have a list on the outside of the box, detailing its contents. If you have friends and family helping you, they'll know not to set books on top of your china.

* Think green. The U.S. Environmental Protection Agency (EPA) has developed the SmartWay Transport Partnership to promote more environmentally friendly transportation. Penske is an active participant in the program and has one of the most-fuel efficient and low-emission truck rental fleets in the industry. You can also look for earth-friendly packing materials or even shred your unneeded papers to make packing material for your boxes.

* Safety and security. Trucks are taller, wider, heavier and require more stopping distance than the vehicle you are used to driving. Take extra precautions, especially when the truck is loaded. Watch out for low-hanging tree branches and building overhangs and use extra caution when cornering. To protect your belongings, park in well-lit areas and padlock the rear door.

To make sure you've got everything you need on moving day, create a travel bag for keeping important paperwork, credit cards, identification, change of clothes, drinks and snacks close at hand. For a complete list of moving tips, visit http://www.pensketruckrental.com/.(ARA)

Simple Rules For Fun, Affordable, Stress-Free Family Travel

If you've watched any of the "Vacation" movies, you've seen what can go wrong on a family vacation. While hilarity is the end result of the mishaps in the movies, certain blunders aren't as funny in real life. Therefore, it's important to ensure that you and your children will remember your trip for the right reasons.

By following a few pieces of advice, you can make your next vacation relaxing and affordable - and a blast for your whole family. Try these tips courtesy of website Offers.com, which specializes in aggregating the best money-saving offers for consumers and has a section dedicated specifically to travel coupons and discounts.

Score free meals. When you're feeding a whole family, costs add up quickly. Look for hotels that offer a free breakfast so you can save on one meal each day. Many hotels now offer oatmeal, waffles, eggs and other, more kid-friendly selections, in addition to the traditional coffee and pastries. To save on other meals, it might be wise to find a hotel room with a refrigerator so you can stock up on sandwich meat and snacks.

Find kid-friendly travel. Search for travel discounts where kids fly free or for a reduced rate. In addition, especially if you have younger children who aren't used to flying, you might want to look for airlines that offer in-flight entertainment options like child-friendly movies. If you're driving, consider renting a vehicle with built-in child seats or entertainment options like a DVD player.

Choose a resort with more. Many all-inclusive resorts are especially tailored to families with children of all ages, so if your children are farther apart in age, this may be a good option. Many family-friendly resorts cater to children, tweens and teens alike with age-appropriate activities such as story time, sports and game rooms. Some also offer kids' camps so mom and dad can enjoy a little alone time.

Have a plan. It's especially important when you are traveling with children to go over your plan ahead of time and make them aware of it, so they know what to expect. It's also a chance to get them excited about your vacation. By sitting down and finding out the things each family member would like to do during your trip, you'll ensure everyone comes home happy. Many of your destinations may offer free travel guides that can aid in planning, which can also be found at Offers.com/travel.

Travel light. Instead of cramming a stroller into your car, consider renting a stroller at the attractions you plan on visiting. When booking a hotel room, check to see if they have cribs available for your younger children. By eliminating extra items from your load, you'll keep your sanity.

Take advantage of coupons and deals. Since many destinations are competing for your dollar, there are plenty of deals and travel coupons to be had. When looking at booking flights or accommodations, or even restaurants once you are on the road, check for money-saving offers online before purchasing. Same goes for theme parks or other attractions you plan to visit. The easiest and fastest way to find offers is to visit a website like Offers.com, whose staff does the work for you by compiling easy-to-navigate, easy-to-search and verified and updated travel specials for you to peruse. You never know, you might even find a deal that allows you to explore an opportunity you hadn't yet thought of.(ARA)

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Clayton Gits, CDPE, CRS
Office: 804-545-6648
Fax: 866-527-5189