The Federal Reserve (the Fed) meets this week, and expectations are high that they’ll cut the Federal Funds Rate. But does that mean mortgage rates will drop? Let’s clear up the confusion.

Not every homebuyer wants the biggest house on the block. Some want something simpler, more affordable, and easier to maintain, especially in a market where every dollar counts. That’s where condos come in.

As we move through the summer of 2025, the Charlottesville real estate market continues to demonstrate its unique character, shaped by the presence of the University of Virginia, a growing tech sector, and the area’s natural beauty. Here’s what the latest data reveals about our local market conditions and what it means for buyers and sellers.