New arrivals: Residential Real Estate
Homes that Satisfy Everyone’s Taste and Lifestyle
Courtesy of city of Williamsburg
Kingsmill, Williamsburg
One of the most anxiety-ridden parts of relocating is buying a home. What home options are available? What type of home do you want? What price range can you afford? Where do you want to live? What amenities are important? These are just a few of the real estate questions that fill the minds of newcomers.
Virginia was ranked among the best in the country for Economic Development. • No. 1 for Unmanned Aerial Systems • No. 2 for Best Business Climate • No. 2 for Cybersecurity Growth Potential • No. 3 for Economic Growth Potential • No. 5 for Workforce Training Leaders • No. 6 for Tech Job Employment Leaders • Norfolk/Hampton Roads, VA is ranked No. 4 in the U.S. among Top 10 Cities for Industrial Real Estate Sales Growth For 2020, the HRPDC Economists expect to see the region’s economy continue to grow. Expected gains in the Retail and Construction industries will assist civilian employment in Hampton Roads. The unemployment rate is likely to continue its slow decline, while increased budget certainty will help propel retail sales. Building permit activity and motor vehicle sales are expected to continue to experience strong growth in the coming year.
30 • Coastal Virginia 2021-22
Old Dominion University’s E.V. Williams Center For Real Estate and Economic Development reported that new construction in Hampton Roads had risen in the double digits. The upward trend has continued in local economy investments into early 2020. Homebuyers have a lot of options throughout the region. While singlefamily, detached homes are the most popular, there are also townhouses and a variety of condominiums to choose from. Because of Hampton Roads’ long history, new residents can choose old farmhouses with Colonial charm, as well as unique 19th-century homes built in every decade for the last 100 years. One neighborhood in Hampton,for example, features vintage Victorian homes with high ceilings, parlors, fireplaces in bedrooms and walk-around front porches. A short distance across the James River in Smithfield, are numerous, older historic homes built in the Colonial, Victorian, Federal or Georgian fashion. Hilton Village, in Newport News, is on the Federal Register of Historic Sites. Its single family and duplex stucco homes were part of the federal govern-
