Homebuyer Market Analysis for the Virginia Beach Metropolitan Area cover

Authors: C. Theodore Koebel, PhD., Pavit Singh
Year: 2005
Publisher: Virginia Center for Housing Research


Community Housing Partners Corporation contracted the Virginia Tech Center for Housing Research (VCHR) to perform a homebuyer market analysis for the Tidewater Region, concentrating on firsttime homebuyers in the affordable housing market. In addition to analyzing this market for the MSA, the analysis focuses on the six major jurisdictions within the MSA: the cities of Virginia Beach, Norfolk, Portsmouth, Chesapeake, Hampton and Newport News. 
This report summarizes the findings of that analysis. The primary focus of the analysis is on projections of first-time owner demand in targeted income ranges from 2000 to 2010, as well as the supply of housing affordable to these buyers.