[ real estate ]
Why West Virginia ?
SAMANTHA CART
In the wake of a global pandemic , many people are taking a hard look at what is most important . As some decide to move to less populated , rural areas , West Virginia Executive is here to answer the question , “ Why West Virginia ?”
Photo by Jefferson County CVB .
“ Country roads take me home to the place I belong — West Virginia .”
People from around the world love these popular words written and recorded by John Denver , but many of them have absolutely no idea what West Virginia is like .
The Mountain State ’ s narrative is one of overcoming challenges . Born in rebellion and forged on the backs of hardworking coal miners , West Virginians have a long history of exceeding outsiders ’ expectations and fighting against negative stereotypes . Today , it is best-known for its mountainous terrain , beautiful overlooks , rural communities and kind , welcoming people .
There are many advantages to living in this small but mighty state , including low costs , room to roam and grow , proximity to major cities , tight-knit communities and access to top-notch outdoor recreation . So , to quote another song commonly sung by West Virginia 4-H members , we invite you to come home to West Virginia .
A Good Place to Live
According to Lawrence Yun , chief economist for the National Association of REALTORS , the housing market surprised industry leaders in 2020 with soaring sales and record high home prices after the economy reopened due to record low mortgage rates . Yun believes this momentum will continue into 2021 as interest rates remain favorable .
“ The Federal Reserve System has indicated the desire to keep a loose monetary policy for a couple of years ,” he says . “ In addition , jobs will steadily recover thanks to the recently passed stimulus package and , more importantly , as the vaccine gets distributed .”
Yun also says home prices in West Virginia are some of the most affordable in the country .
“ Those with secure employment will have a decent chance of becoming homeowners ,” he says . “ This is very unlikely in , say , San Francisco , where even a six-figure income is insufficient . The
WEST VIRGINIA EXECUTIVE