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Author Archives: Stacey Ricks
The graph below shows the progression of the Virginia housing market from 2007 to 2014. 2007 (in blue) is the last year before recession. 2008, 2009, 2010, and 2011 (in grey) show the depressed housing market related to the Great … Continue reading
Governor McAuliffe announced additional appointments to his administration last week. Among those appointments was Realtor Shewling Moy of Virginia Beach to the Council on Aging. Shewling has been volunteering in Hampton Roads for over twenty years in grass-root organizations, civic, … Continue reading
The CRS Central VA Chapter is partnering with Caritas Furniture Bank to provide a sustainable resource of furniture for the community’s homeless. Caritas Furniture Bank lends a helping hand to those of the central Virginia community who are moving out … Continue reading
Sale prices are following their typical spring trajectory, increasing more quickly as we approach summer. The median sale price this April was 3% higher than in April 2013. This modest year over year change is evidence that home prices are … Continue reading
Sales picked up in February, but really took off in March, increasing 23.5% over February. Unemployment and mortgage interest rates remained stable, so the March sales increases are simply an expression of the season. Median sales price has been rising … Continue reading
On April 15, 2014, FEMA issued a WYO (Write Your Own) Company Bulletin implementing the first provisions of the Flood Insurance Affordability Act and providing immediate rate relief to homebuyers. In the bulletin, FEMA directs insurance companies to stop charging … Continue reading
The pace of Virginia homes sales increased in February, but only by 3.15% despite decreasing unemployment and mortgage interest rates. Prices remained fairly stable and days on the market continued to increase, indicating low demand rather than restricted supply. So … Continue reading
The Virginia housing market has made it to the end of the winter season. January is usually the month with the fewest sales and the lowest prices and January 2014 is no exception. Sales decreased substantially after a relatively strong … Continue reading
Due to the incoming weather, Governor McAuliffe has declared a state of emergency in Virginia. What this means for Get Active: REALTOR® Day on the Hill — legislator visits — are still going on as scheduled, starting at 9:30 AM. … Continue reading