The Liz Moore Market Watch Blog

This holiday season we have some exciting events going on at our Liz Moore offices!

Northern Neck
Don’t miss out on the biggest event of the year at our Kilmarnock office - Santa Paws! Bring your furry family members by for a photo with Santa, and don’t forget to bring items to donate to local shelters, too.
December 2nd
10am - 3pm
276 N. Main Street Kilmarnock

Richmond
Bring your kids by our Richmond office for photos with Santa!
December 2nd
11am - 2pm
14061 Midlothian Turnpike Midlothian

Williamsburg
Join us on the alumni green in front of Zable stadium (look for the Liz Moore flag) for a front row seat at the Williamsburg Christmas Parade and help us cheer on our Polar Express Float.  The cost is free but you do need a ticket.  Email info@lizmoore.com or call 757-645-4106 for details.
December 3rd
5pm

Newport News
Our Peninsula office is joining forces with We Are the Echo to collect new coats for children in need.  Stop by our office to pick up a tag with a child's name, age, and size or email info@lizmoore.com for details.
Deadline to drop coats off at the office is December 10th.
11801 Canon Blvd. Newport News

We hope to see you there to help us spread some holiday cheer!

This month, Liz sat down with Andy from 92.3 The Tide to talk about interest rates, local home prices, the new Liz Moore & Associates office on the Southside, and the company's recent partnership with Leading Real Estate Companies of the World.

Listen here!

38% of recent homebuyers under age 30 used either a cash gift from family or an inheritance in order to afford their downpayment.  Ready to buy your first home?  Click here to get started!

#TheMooreYouKnow

Source: Forbes

For this month’s Market Talk with Liz Moore, Liz invited her top agent Deelyn Robinson to join her in the Tide Studio. Liz provided an update on the local real estate market, including how some of the larger neighborhoods have been impacted by market trends. Deelyn talked about whether or not we are currently in a “seller’s market,” whether it’s a good idea to put your home on the market before the holidays, and how buyers are faring in the current market.

Check it out:

By: Lauren Cummings

Plan your weekend trip to Virginia Beach, Virginia with a thought-out itinerary from local insiders. We love sharing the beauty of our coastal hometown, and we are so excited to show you why we love where we live!

A weekend in Virginia Beach offers a blend of relaxation, outdoor adventures, delicious cuisine, and oceanic charm.

Book Your Stay

Book your stay in Virginia Beach at one of our most-trusted favorites.

If you are looking for luxury all the way around, The Cavalier Virginia Beach should be at the top of your list of places to stay. Set atop one of Virginia Beach’s highest hilltops overlooking the Atlantic, the historic resort offers unbeatable views of the ocean. Indulge in delicious cuisine among the variety of restaurants and bars within the resort or venture out into town with ease due to its superb location. The opulent spaces and guest rooms alone are nothing short of luxurious elegance. Book your stay at the Cavalier if you are looking for a pampered experience with elite standards of service.

One of the latest editions to Virginia Beach, Marriott Virginia Beach Oceanfront is a 24-story glass high-rise on the northern end of the boardwalk just down the street from its sister establishment, the Historic Cavalier Hotel. Dine at Orion’s Roof, an Asian-fusion restaurant with 360-degree views of the city, and make sure to try Tulu Seaside Bar during your stay for more seaside dining. With direct beach access, technologically integrated rooms, and stunning pools, this hotel will exceed your hospitality expectations.

Frequent visitors of Virginia Beach opt to stay at Hilton Virginia Beach Oceanfront due to its high standards of hospitality, reasonable price point, and perfect location. This hotel is sought-after for its unbeatable location, situated right next to Neptune’s Park. The park hosts free concerts throughout the summer; pair it with the rooftop bar that transforms into a club at sundown, and you will have yourself a weekend dedicated to fun and relaxation.

Rise & Shine

Early bird gets the worm! Start your day with an invigorating morning stroll with views of the Oceanfront.

Virginia Beach Boardwalk is undeniably one of the best parts of the city. It stretches for 3 miles, offering plenty of space for walkers and joggers, also featuring a separate bike path for rollerblading or biking. Get your exercise in with a beautiful view of the Atlantic oceanfront, and discover plenty of shops, dining, and activities to do along the way. You may even catch sight of nautical sand sculptures, and even King Neptune on 31^st street!

You may crave a coffee and a nice breakfast to re-fuel after your morning activities. We’ve got you covered!

For a refreshing treat, Green Cat Cafe is a great option for a smoothie, fresh juice, smoothie bowls, and coffee! With health in mind, this café caters toward gluten-free, plant-based, and organic foods, and even offers immunity shots and a wide variety of smoothie boosters.

If you love the feel of a classic bakery, make sure you stop by May’s Parlor. This cheery and cozy café offers French American pastries, sandwiches, sweet treats, and of course – coffee and tea. The locals love this café for a reason. You will start planning your next trip to VA Beach just for these pastries alone!

What to Do and Where to Go?

There are a variety of activities that will fill up your itinerary for your stay in Virginia Beach. Even as a local, these never get old!

Good Eats

Decisions, decisions. Choosing a place to eat in Virginia Beach is no easy feat – there are so many great choices! Don’t fret, we’ll let you in on which restaurants are at the top of our list.

Nestled in the heart of Virginia Beach, Isle of Capri is an upscale, authentic Italian restaurant. The atmosphere of the restaurant is a perfect combination of the charm of Italy and the beauty of Virginia Beach. This is the perfect dining spot for a romantic dinner or to capture stunning views of the ocean while you dine on delicious cuisine. Check their website to make sure you are prepared for the dress code, and for other information such as valet parking and event updates!

If you are staying at The Cavalier, you will already expect The Cavalier Restaurants and Bars to be impressive dining experiences. The culinary haven showcases a blend of timeless elegance and contemporary flair, offering a variety of restaurants and bars that cater to every palate and occasion.

If you are planning a trip to Virginia Beach, chances are you want in on some of our fresh local seafood. The Atlantic on Pacific has just that! They offer some of the best raw bar options, including raw oysters, which they have mastered. The menu caters to local and regional fisherman, crabbers, oysterman, farmers, and producers – you will be getting an authentic taste of Virginia at this spot, to say the least!

Big Sam’s Inlet Café & Raw Bar is another locally beloved seafood restaurant that completely captures the essence of coastal dining. If you’re looking for a tiki bar atmosphere to really solidify your beach vacation, plan a lunch or dinner here. Indulge in some great American cuisine and fresh seafood – raw, fried, or grilled, the choice is yours!

Date Night

Eager to plan a romantic evening to spend time with your significant other? Virginia Beach’s stunning scenery, delightful dining options, and lively atmosphere provide the perfect backdrop for a romantic date.

Before you start your activities for the evening, you may want to treat your date to an intimate dinner. Becca at the Cavalier is a fine dining restaurant renowned for its elegant, candlelit ambiance and exceptional cuisine. Make a reservation to ensure you have a table for two and order a bottle of wine from their extensive selection to complement your meal.

Watching the sunset or stargazing on the beach is every romantic’s idea of a special night with their partner. Virginia Beach has a large, soft sandy beach offering plenty of privacy away from the hustle and bustle of the boardwalk and other beach goers. Grab a beach blanket, a picnic basket, and your sweetheart, of course!

Once you’ve had your fix of shooting stars under the night sky on the beach, take a stroll down the boardwalk for a sweet treat. Right on Atlantic Avenue across from the boardwalk, The Sweet Spot is an all-pink desert parlor with some of the best deserts in the city. You can’t miss it! Churros, funnel cakes, shakes, and more – this is the perfect place to end your date night on a (sugar) high note!

Family Fun

When you’re not spending the day on the beach, you may need to find some activities to entertain the kids. Virginia Beach has plenty of kid-friendly, family fun around every corner.

The Virginia Aquarium and Marine Science Center is a captivating, educational destination that immerses visitors in the world of marine life and aquatic ecosystems. The state-of-the-art facility offers a diverse range of exhibits featuring marine animals, from playful otters and mesmerizing sharks to beautiful coral reefs. The children and adults alike will love the interactive displays and hands on experiences.

Have you ever wanted to go sky diving, but were on the fence about taking the risk? We have the solution. iFLY is an indoor skydiving facility that allows participants to enjoy the thrill of skydiving within the safety of an indoor wind tunnel, and an instructor to assist you, making it completely safe. This is an experience you won’t want to miss out on!

For many, deep sea fishing is a must-do on their list for a beach vacation. If you are interested in booking a charter with experienced Virginia Beach fisherman, Virginia Beach Fishing Charters is a full-service charter fishing boat that takes off from Rudee Inlet, at the southern end of the Virginia Beach boardwalk.

Nightlife

Virginia Beach’s nightlife offers something for everyone, from those seeking high-energy entertainment to those looking for a quiet spot to unwind. Whether you want to dance, listen to live music, or simply enjoy the sounds of the ocean, the nightlife in Virginia Beach is sure to provide a memorable experience.

A Short Drive Away

For even more to do and see during your stay, check out more of our recommendations in Richmond, the Peninsula, Williamsburg, and the Northern Neck!

Visit any of our favorite spots during your stay? Let us know about your experience on lizmoore.com!

A homeowner’s net worth is more than 40X greater than a renter’s (the average homeowner is $255,000 compared to the average renter at $6,300).

It’s time to kiss your landlord goodbye and start your long-term wealth plan by buying a house!

Click here to get started!

#TheMooreYouKnow

Source: Federal Reserve

Staged homes enjoy increased prices anywhere from 1 to 5% more than their unstaged counterparts! Other benefits include a 20 to 50% faster sale, increased competition, and a higher emotional appeal. 

We are experts at maximizing your bottom line - click here to get started.

#TheMooreYouKnow

Source: Real Estate Staging Association (RESA)

Did you know that Ford's Colony outsold all other neighborhoods in Williamsburg in the last 12 months? Ford's Colony had 152 sales, and Kingsmill came in a close 2^nd with 126. Can anyone guess which neighborhood is #3 with 70 sales?

#TheMooreYouKnow

Broker Metrics, WMLS, Sept 2023

Thinking about selling your home in Ford's Colony?  Click here for a free market analysis.

Did you know that 68.7% of all American homeowners have either paid their mortgage off in full or are sitting on 50% equity?

That means that they are in a prime position to unlock their equity to downsize and prepare for retirement to pay off their debt (credit cards and student loan debt is at an all-time high), or to buy their dream home! 

Click here for a complimentary equity check-up!

#TheMooreYouKnow

Source: Keeping Current Matters, Sept 2023

Eight was the median number of days on the market for homes in Greater Williamsburg in September 2023! 

Thinking about selling? The market is definitely in your favor right now! Click here for a free equity check up and to learn what your home is worth (you may be surprised!)

#TheMooreYouKnow

Source: WMLS Monthly Indicator Report, Sept 2023

Welcome to Market Talk! I’m Liz Moore, President of Liz Moore & Associates, and today we’re going to talk about what’s happening in our local real estate markets as of the end of the 3rd quarter.

This past year has been characterized by some very confusing signals: multiple offers remain strong in some segments of the market, while other pockets are experiencing a definite slow down.

Let’s dig in and examine some of the underlying benchmarks and clarify exactly what is happening!

Interest Rates 

Mortgage interest rates have remained stubbornly high, longer than we anticipated earlier in the year. Depending on the loan type and number of points, rates are hovering anywhere between 6.5 and low 7’s. That’s a big jump over the 3’s in early 2022, and has definitely caused many buyers to hit the pause button on their home search. 

Most industry experts predict that rates will fall over the next 12 months:

Inventory

One of the unexpected consequences of interest rates remaining high is the negative impact that’s having on an already low inventory of homes for sale.

Nearly 71% of homeowners have rates on their existing homes lower than 4%, and as a result are determined to “stay put” rather than face getting a new mortgage at a higher rate.

The Silver Lining - Equity!

Equity is definitely the silver lining in today’s real estate market. Because of extremely strong price appreciation during the pandemic, most homeowners have record high market values, and accordingly 
significantly more equity than they did pre-pandemic. Nearly 70% of homes are completely paid for, with the owners having no mortgage at all, or have at least 50% equity.

This actually poses a new opportunity for homeowners who are considering their moving options, but are struggling with the idea of giving up their all-time-low interest rates.

Although their mortgage rates are low, other debt is carrying very high interest rates – in some cases nearing 20% for certain credit cards. And, unfortunately, Americans are carrying a high amount of additional debt right now – credit card debt is at its highest level ever – nearing $1 trillion. Student loans that have been on pause since 2020 are getting ready to kick in next month, and many Americans relied on credit cards too much over the past few years.

Sadly, half of American homeowners have less than $10,000 in savings (unless, of course, you 
count their equity).

The Opportunity

This creates an opportunity for homeowners to sell their home and unlock all of that equity. In addition to having a downpayment and closing costs for a replacement home, they can pay off student loans and credit card debt and become debt free except for a mortgage. 

So, although their new mortgage payment may be at 7%, their overall monthly payments are actually lower because they are no longer carrying additional debt. That is made even sweeter when you consider that you can refinance the mortgage if interest rates do indeed drop, which they are projected to do once the Feds get inflation under control.

In other words, just because you currently have a low interest rate, you shouldn’t necessarily put your move on hold. Every situation is different, and we would be happy to help you assess what makes the most sense 
for you and your situation.

Fall is here and there's no better way to spend your Saturday morning than at a local farmers market! Check out the Williamsburg Farmers Market every Saturday from 8am - noon in Merchants Square.

Mortgage Loan Officer Keith Freeland from Movement Mortgage joined Liz Moore and Andy Harris from Tide Radio in the studio to talk about problem solving. The trio explored why the real estate market has slowed this year. Keith also explained how homeowners can leverage their home equity to sell their current home and turn a profit, which allows them to pay off others forms of debit such as credit cards and student loans. 

Check it out:

By: Lauren Cummings

Plan your weekend trip to Virginia’s Northern Neck with a thought-out itinerary from local insiders. We love sharing the beauty of our hometown, and we are so excited to show you why we love where we live!

Where to Stay

The Kilmarnock Inn is a collection of eight cottages that offer a private bath, balcony or deck, and free Wi-Fi. Three of which are pet friendly, so if you are considering bringing your fur baby along, you will be covered! The three-course breakfast is served daily and includes selections from the resort garden. This is a destination for those seeking a high-end yet homey feel for their vacation.

For a luxury stay on the Chesapeake Bay, look no further than The Tides Inn. You will be on a beautiful stretch of water, connecting you to the beautiful nature that Virginia has to offer. You can choose to stay in a Resort View or Water View room or suite. You may not want to ever leave during your stay – as this resort offers plenty to do, such as relaxing by the beach or marina or joining the inn’s art class.

Rise & Shine

Before your full day of plans, it’s important to fuel up on caffeine and a nice breakfast. We know just the spot!

The Local is the Northern Neck’s home for coffee! It not only serves a crafted cup of coffee by Richmond’s Ironclad Coffee Roasters, but it also serves as a social spot for the community. Grab a breakfast sandwich or panini when you stop by! The menu has a variety of tasty meals, and the outdoor seating is perfect to enjoy during the warmer months.

What to Do & Where to Go

Enjoy the natural beauty, rich history, and vibrant waterfront lifestyle that the Northern Neck of Virginia has to offer. Get outdoors, dive into American and local history, or have a family night of fun!

Westmoreland State Park is a beautiful and diverse natural park located in Westmoreland County. Visit the park for hiking, fishing, camping, and boating! You will have a lovely panoramic view of the Potomac River with beach access. This is a great spot for camping as a campground with 133 campsites, cabins, and a group lodge.

Head over to Irvington to discover the Steamboat Era Museum for an unforgettable experience for visitors of all ages. This is a must-visit destination for anyone interested in the history and technology of steamboats, as well as the rich cultural heritage of the Chesapeake Bay region. See artifacts up close, such as engines, boilers, and more! Take a guided tour and learn even more interesting facts and details about the steamboat era.

The Reedville Fisherman’s Museum is another awesome destination for those interested in the history of boating and fishing. Located in the small fishing village of Reedville, this museum is dedicated to preserving the history and legacy of the local fishing industry. Learn about the important role of fishing in the local economy and way of life with engaging exhibits and displays!

For a family night of fun, visit the Compass Entertainment Complex is a state-of-the-art entertainment complex. The complex features a multi-screen luxury boutique movie theater and nine more attractions including an arcade, indoor adventure course, climbing walls, go-karts, mini-golf, and full-service restaurant and bar. This is a great spot for the kids to burn off some energy, making memories filled with fun and play!

Wine & Dine

The northern neck is the heart of Virginia’s wine country. Don’t forget to add these spots to your trip itinerary! For even more wine stops, check out the Chesapeake Bar Wine Trail that encompasses the region: https://chesapeakebaywinetrail.com/

Good Luck Cellars

“Luck is in the WINE of the beholder” is Good Luck Cellars motto! Enjoy a wine flight, by the glass, or a full bottle in the covered outdoor seating area or the indoor tasting room. This vineyard has the perfect location for scenic views of a beautiful backdrop and getting away from the hustle and bustle of busy life. Check out which food trucks and events are going on during the date of your planned visit: https://www.goodluckcellars.com/events

Dog & Oyster Micro-Vineyard is a charming winery in Irvington – a gem in Virginia’s wine country. If you love dogs and wine, this should be on your list of stops during your stay! The owners, inspired by their love for their canine companions and the region’s famous Chesapeake Bay oysters, created a delightful combination of the two in their establishment. The vineyard is a relatively small size, allowing for a more personalized and immersive experience for visitors.

Relax at a beautiful private cove and enjoy charcuterie paired with wine, beer, or cider at Jacey Vineyards. Head over on a Friday for live music and specials. Enjoy tastings, wine by glass or bottle, and great food paired with views of wooded forests, a scenic waterfront, and lush vines. You can even arrive at the cove by boat if you’d like. For those who prefer to arrive on land, don’t fret – there’s parking!

Good Eats

This Office is a café, bistro, and bar in Irvington that offers comfortable, lively American dining. The casual atmosphere extends to the seasonal patio seating, and the impressive menu pairs with the comfortable ambiance. They incorporate the freshest local ingredients across a variety of cuisines. This is a full-service restaurant, and you are sure to have a high level of gracious, southern hospitality during your visit!

The Crazy Crab is a locally owned casual spot in Reedville. The impressive Chef has 20 years of experience under their belt cooking in the finest restaurants, so expect your meal to be carefully crafted and highly satisfactory. The Crazy Crab takes pride in providing guests with a top-notch dining experience, and therefore offer fresh ingredients from local, seasonal farmers markets. You can be sure you are receiving the best of the season!

For a unique, coastal dining experience, visit Adrift in White Stone. The menu changes each day based on locally sourced and fresh ingredients. This spot is known for its refined plates and great wine. Locals and visitors indulge in a memorable dining experience where the staff is friendly, attentive, and knowledgeable. This spot is, “Virginia through and through,” providing the delicacies that the state has to offer through native wines and ingredients.

A Short Drive Away

For even more to do and see during your stay, check out more of our recommendations in Williamsburg, the Peninsula, and Richmond!

Try any of these spots, or find any worth noting? Let us know at lizmoore.com!

Alexis Tisdale, a first time homebuyer, joined Andy from The Tide to talk about her homebuying journey.  Alexis is a client of Ellen Knecht, agent with Liz Moore & Associates, and recently purchased her first home at 25 years old.  She is excited to kiss her landlord goodbye and become a homeowner!

Watch Alexis's story:

By Lauren Cummings

Home décor has changed a lot since we opened our brokerage in the early 2000s!

Then: Open Floor Plans
Now: Private Spaces
Open floor plans were all the rage in the early 2000s, and most floor plans today have this feature as a result of that demand. When the pandemic expanded the popularity of remote work to many Americans, we saw a significant shift in buyer preferences. Private spaces became important to accommodate multiple people on Zoom and working from home. This change in lifestyle inspired creative ways to divide space; we’ve seen an increase in barn doors, bookshelves, and good old fashioned room dividers to do the trick. Outdoor living spaces are also in high demand.

Then: Dark Brown Wood
Now: Lighter Woods
Red dining room walls were in style in the early 2000s, often paired with Tuscan kitchens and autumnal décor. Trends change, and now-a-days, light and airy is in! The Scandinavian blonde and rustic light oak wood is more sought after, and you will notice this style in newly renovated homes as opposed to homes that were 
designed in the early 2000s. White kitchens are back!

Then: Metal Finishes
Now: Natural Textures
Bronze finishes, limestone, and brown were the trifecta of the trendy 2000s home décor. Bronze faucets were 
very common, and they are starting to make a comeback today! However, the Queen Bee of texture in the 2020s has so far been the natural look. Light wood, wicker, and rattan is here to stay for at least a little while longer.

Then: Cozy, Dark Living Rooms
Now: Abundant Natural Light
Warm and cozy was a common theme within early 2000s homes, and that extended into the living area. 
It was common to see living rooms designed with dark wooded entertainment areas. The couches were 
shades of brown or black and included recliners, and sometimes included cupholders. We really knew how to 
live comfortably after a full day at work! 

Today, a common style is grey or light-colored couches in a bright, airy living area. Along with the lighter 
wood, the room will have access to abundant light. This could also be a trend influenced by the pandemic 
as people spent more time at home, it was necessary to keep the space as bright and happy as possible.

What are some trends that you wish to see make a come back in the next year? Let us know!

Whether you're looking to add some curb appeal to your home for your own enjoyment (or to keep up with the neighbors next door!), or you're getting your home ready to sell, here are 10 simple ways to give a great first impression from Virginia REALTORS...all under $100!

Freshen up the garage door.
Start with a fresh power wash or scrub. You can even pick up decorative accents for garage doors for under $30 at a hardware store. That and a new coat of paint = major impact!

Mulch your beds. 
When you smell the fresh mulch in the air, you KNOW the flower beds are looking extra sharp. Some stores even run sales on bagged mulch during this time of year, so keep an eye out.

Add window boxes.
What better way to add some life and color to an otherwise neutral space than a few flowers? Pick up the few supplies you need (window box kit, soil, and your favorite plants) at the local store and get planting!

Add an outdoor rug.
If there’s space and the porch is covered, add a decorative and durable rug for a touch of comfort. This can make the area cozy and colorful to visitors and potential buyers.

Plant a mailbox garden.
Pick up some mulch and your favorite flowers at your local store. Choose a small area around the base of your mailbox and plant away! Give your home an extra touch that will be seen as soon as buyers pull up.

Install some landscape lighting.
Do you have a pathway or landscaping leading up to your home? Place a couple small lights along the way to illuminate your lawn at any time of day.

Hang a wreath.
There are wreaths for every season, and they can give the front door an inviting feel. Whatever the time of year, find a wreath that fits your home’s style. Don’t forget the hanger!

Clean the gutters.
Take some time to clear away debris from the roof and gutters that may have piled up over the last few months. One afternoon and a few tools could make all the difference in how clients view the home.

Wash the windows.
Dust off the winter residue with a fresh cleaning of the windows. This quick task can make the home shine bright.

Add some porch plants. Whether you prefer potted flowers on the steps or hanging plants, this final (and simple) touch will provide the look you need for potential buyers.

(source: https://virginiarealtors.org/)

Thinking about selling?  Start by finding out how much your home is really worth!

By: Lauren Cummings

So much has changed within the real estate industry since we opened our brokerage, especially with the process buyers use to search for homes. Today, buyers  have far more control over the process!

Home Search
When it comes to searching for a home, today’s buyers have advantages with technology that wasn’t always available to them. In 2003, homes were advertised in local newspapers and homes magazines, which meant that a new listing might take more than a month to be marketed to the public due to the publication dates of 
print materials. Of course that delay  a really big deal back then, because the MLS wasn’t computerized: new listings were published in thick blue books which were delivered to REALTORS every 2 weeks. Today, consumers can access new listings immediately as MLS entry is dynamically fed to broker websites, consumer 
portals such as REALTOR.com and Zillow, and search apps like Homesnap. Liz Moore & Associates 
also dynamically promotes listings 24/7 in a variety of digital magazines.

Showings
The internet has also impacted home showings dramatically. In 2003, you had to book an appointment 
with an agent to see the interior of a home or visit at an open house. Today, many agents utilize 3D home tours 
online, enabling prospective homebuyers the ability to virtually walk through the home from the comfort of 
their living rooms. This resulted in buyers being able to make an offer on a property from across the country, 
without physically seeing it.

Contracts
New technologies have replaced the old carbon-copy versions of sales contracts, as well as the disappearing 
purple ink of fax machines. Digital signatures are common, and most real estate contracts are executed via 
email. Another change? Our sales contracts have gone from 2 or 3 pages to over 15, with multiple addenda!

Age of First Time Buyers
The age of first-time home ownership has risen over the years. In the 1970’s and 80’s, it was typical for first 
time buyers to be in their mid to late twenties. Today, it is more common to see first time buyers entering 
the market in their early 30’s. This is undoubtedly due to a combination of factors including the rise in both 
the cost of living and home ownership, as well as an increase in student loan debt.

Average Sales Prices
The average sales price of a home 50 years ago was just $23,400, while in 2022 it has climbed to $389,500. 
While that may seem shocking, the upside is that there are millions of homeowners who have built generational wealth simply by purchasing homes that appreciated over the years.

With the advent of Artificial Intelligence and other emerging technologies, it will be fascinating to see what 
the real estate experience of the future looks like!

Contact Information:

Liz Moore
President, Liz Moore & Associates
757-645-4106
liz@lizmoore.com

Release Date:
August 1, 2023

Liz Moore & Associates Welcomes Savitri “Vidi” Payne as Director of Property Management

Liz Moore & Associates, a leading real estate agency renowned for delivering an extraordinary client experience, is delighted to announce the appointment of Savitri ”Vidi” Payne as the new Director of Property Management. Vidi's extensive experience and impressive track record make her a valuable addition to the Liz Moore & Associates team.

As Director of Property Management, Vidi will spearhead the firm's property management division, overseeing a diverse portfolio of nearly 600 residential properties, and a team of 9 property managers and support staff. Her role will encompass implementing innovative strategies to optimize return on investment for owners, enhancing client satisfaction, and strengthening the company's position as the premier property management service provider in the region.

With nearly 30 years of experience in the real estate industry, Vidi brings a wealth of knowledge and expertise to her new role. Her keen understanding of market trends, property regulations, and tenant relations has earned her a reputation for delivering exceptional results and fostering long-lasting partnerships with property owners and investors.

"We are thrilled to welcome Vidi Payne as the Director of Property Management at Liz Moore & Associates," said Liz Moore, President. "Her dedication to excellence and proven leadership in Tidewater property management make her the perfect fit for this role. We are confident that Vidi's expertise will further elevate our property management services, and we look forward to achieving new heights under her guidance."

Vidi shared her enthusiasm for joining Liz Moore & Associates, saying, "I am truly honored to be a part of such a reputable and forward-thinking company. Liz Moore & Associates' commitment to delivering an extraordinary client experience and its outstanding team of professionals align perfectly with my values and aspirations. I am excited to contribute to the company's growth and build upon the solid foundation it has established over the years."

###

Liz Moore & Associates, a leading real estate agency renowned for delivering an extraordinary client experience, is delighted to announce the appointment of Savitri ”Vidi” Payne as the new Director of Property Management. Vidi's extensive experience and impressive track record make her a valuable addition to the Liz Moore & Associates team.

As Director of Property Management, Vidi will spearhead the firm's property management division, overseeing a diverse portfolio of nearly 600 residential properties, and a team of 9 property managers and support staff. Her role will encompass implementing innovative strategies to optimize return on investment for owners, enhancing client satisfaction, and strengthening the company's position as the premier property management service provider in the region.

With nearly 30 years of experience in the real estate industry, Vidi brings a wealth of knowledge and expertise to her new role. Her keen understanding of market trends, property regulations, and tenant relations has earned her a reputation for delivering exceptional results and fostering long-lasting partnerships with property owners and investors.

"We are thrilled to welcome Vidi Payne as the Director of Property Management at Liz Moore & Associates," said Liz Moore, President. "Her dedication to excellence and proven leadership in Tidewater property management make her the perfect fit for this role. We are confident that Vidi's expertise will further elevate our property management services, and we look forward to achieving new heights under her guidance."

Vidi shared her enthusiasm for joining Liz Moore & Associates, saying, "I am truly honored to be a part of such a reputable and forward-thinking company. Liz Moore & Associates' commitment to delivering an extraordinary client experience and its outstanding team of professionals align perfectly with my values and aspirations. I am excited to contribute to the company's growth and build upon the solid foundation it has established over the years."