The Cavalier Daily
Serving the University Community Since 1890

Maura O'Keefe and Marisa Roman


Area housing market slows from 2005

During the first quarter of 2006, the Charlottesville housing market recorded significant changes, according to a report issued by the Charlottesville Area Association of Realtors. Last quarter, the number of housing units on the market increased while demand slackened, the association's CEO, David Phillips, said. "Inventory has increased dramatically," Phillips said, adding that an increase in supply has been accompanied by a decrease in demand. The report concluded that, "The local residential real estate market has been in transition for the past six months and it appears to be settling in to a very healthy and sustainable segment of the economy." While Phillips acknowledged there is certainly room for improvement in housing availability, he said buyers and sellers are achieving an "equilibrium" and are "finally on the same playing field." According to Phillips, condominium sales will continue to increase, specifically in Charlottesville.

More high school students pass Advanced Placement exams

More students than ever before are passing AP exams, said Trevor Packer, executive director of the Advanced Placement program for the College Board. Last year, 14.1 percent of graduating seniors scored three or higher on AP exams, while during 2004, 13.2 percent scored three or higher, according to an announcement by the College Board released on Tuesday.

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