buy or sell?Good Morning America cited data from Zillow this morning which heralded Virginia Beach as the number one place, and Richmond as the number seven place, to buy a home right now.

When buying a home, according to Zillow, buyers should “look for communities with a strong job market and stable housing values. Some common threads: cities with military bases, state capitals and college towns all fare well because they are more ‘recession proof.’”

Here’s what Zillow is seeing…

In Virginia Beach:

  • Median home value: $223,800, down 1 percent from a year ago.
  • Property values are up 7 percent compared to five years ago.
  • Houses cost an average of $139 per square foot.
  • Buyers are paying 2 percent less than the listing price.

In Richmond:

  • Median Home Value: $ 207,000, down 7 percent from a year ago.
  • Property values are up 5 percent compared to five years ago.
  • Houses cost an average of $119 per square foot.
  • Buyers are paying 3 percent less than listing price.