Charlottesville Real Estate Blog

Guest Post by Lauri Powell

Not to Be Missed Bi-annual Charlottesville Social Event

Charlottesville has many annual events but none that hold more allure than The Foxfield Races. Held twice a year (the last Saturday in April and the last Sunday in September) in the middle of Albemarle farm and estate country, this event has been a favorite for tailgaters since 1978. Rivalled only by UVA football game tailgating, there are tents set aside for those who wish to have their parties catered and open areas for those who wish to bring their own gourmet tailgating affairs.

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The Changing Face of Charlottesville Real Estate

During last month’s regional housing conference titled “Finding Common Ground“, lunch plenary session keynote speaker Joe Molinaro discussed how future demographics will change the way Charlottesville homes will be built and real estate development should be planned. Mr. Molinaro is Managing Director for Smart Growth and Housing Opportunity for the National Association of REALTORS® (NAR). By using trends in demographics, Mr. Molinaro identified numerous changes in future real estate development. These changes are targeted in several high-growth regions which includes the East Coast “megalopolis”. Charlottesville is included in this East Coast megaloplis region. Population increases and demographic changes identified by Mr. Molinaro include:

• Total growth in population in the US. Based on the 2006 census, the U.S. population hit 300 million. It will hit 400 million by 2035
• The growth of the “Boomer Generation” will occur every year from now to 2025
• Historic changes in the number of single person households from 13% of households belonging to singles in 1960 to over 30% in 2040
• Households with children will continue to shrink from 48% in 1960 to 27% by 2040

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