Four things to know for Friday

Did you know that inventory is up 6.2% from last year?

That’s based on NAR’s numbers, and includes single family homes and condos. It’s the first national March-to-March increase since 2008.


The median asking price of these homes was estimated to be $263,463.2 Since this time last year, the inventory of homes for sale has increased by 6.2% and the median price has increased by 10.3%.[READ ALL ABOUT IT]

Did you know that Freddie Mac doesn’t expect mortgage rates to drop any time soon?

That’s what it said on its blog in a post with a title that says it all: “Mortgage Rates: From Dirt Cheap, to Cheap.”

One thing seems certain: we aren’t likely to see average 30-year fixed mortgage rates return to the historic lows experienced in 2012.[READ ALL ABOUT IT]

Did you know that NAR’s Pending Home Sales Index fell again?

It’s the eighth straight month that the index is down. It measures contract signings, not closures, but it’s still a reasonable look ahead. In the South, pending sales in February were down 9.3 percent from a year ago, but the freakish weather was at least partially to blame. [READ ALL ABOUT IT]

Did you remember to vote for one of the three Virginia finalists in REALTOR magazine’s “30-Under-30” contest?

You have till 1:00 PM today, March 28, to vote, and you can vote once per day. So show your support! [READ ALL ABOUT IT]

Happy Friday — and remember: You heard it on VARbuzz!


About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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