Author Archives: Stacey Ricks

Market Recovery Recap

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

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REALTOR appointed to Governor McAuliffe’s Administration

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

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CRS Central Virginia lends a helping hand

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

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Prices indicate inventory and demand are in sync

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

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And we’re off!

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

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NAR survey: members’ experiences with flood insurance

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

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Housing market slow to thaw

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

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We’re ready for spring

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

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Get Active cut short due to weather — Day on the Hill still happening

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

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Virginia finishes 2013 strong

[Edit: Fixed a type in the first sentence; we accidentally swapped the years! Thanks to Wayne Duke for catching it.] Virginia home sales were 7.58% higher in December 2013 than in December 2012, making a strong finish for the year. … Continue reading

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