Category Archives: Home Sales Report

HUD announces cuts to FHA multifamily insurance rates

HUD Secretary Julian Castro announced today that, effective April 1, the Federal Housing Administration (FHA) will cut its multifamily insurance rates in an effort to expand the production of affordable multifamily housing. In a HUD press release, the agency said the … Continue reading

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2015 housing market closes with double digit growth

In 2015, Virginia saw its strongest residential real estate market since the Great Recession. The year ended with a transactional value of nearly $35 billion, eclipsing 2014 by $3.51 billion. Sales each month of 2015 surpassed those of 2014, leading … Continue reading

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Virginia’s residential real estate market strengthens in the third quarter

The residential real estate market performed extremely well in September and the third quarter overall. Third quarter sales represent over $10 billion in transactional value, contributing to a year-to-date volume totaling $27 billion. Virginia experienced a high number of sales … Continue reading

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July 2015 Home Sales: Virginia Residential Real Estate Market Shows Continuing Improvement

The Virginia Association of REALTORS® July 2015 Home Sales Report shows encouraging signs for the housing market in the Commonwealth. Despite the seasonal decline that is typical in late summer, Virginia home sales for the past month rose 13.3 percent … Continue reading

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5 ways the housing market is recovering

The nation’s recovering housing markets are recovering at their own pace – and in their own way. Few of the biggest housing markets share the same quirks, according to a study by personal finance site WalletHub.com, which analyzed data from … Continue reading

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Virginia’s second quarter home sales surpass $10 billion

The Virginia residential real estate market experienced its strongest second quarter since the 2008 recession, with sales volume reaching nearly $10.6 billion during the April through June time frame. This sales volume represents an 11 percent increase relative to the … Continue reading

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Surge in residential sales is strong start to summer selling season

Demand for homes is boosting sales across the nation, and Virginia is no exception. May 2015 home sales volume in the Commonwealth was the highest the state has experienced in May since the 2008 recession, according to the May 2015 … Continue reading

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First-Time homebuyers lead the way in May

The National Association of REALTORS® (NAR) latest Existing Home Sales Report revealed that first time homebuyers made up 32% of all sales in the month of May; marking the highest share since September 2012 and up from 27% the same … Continue reading

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REALTORS® Confidence Index Survey: April 2015 Survey Highlights

A monthly survey of  REALTORS®  about their transactions in April 2015 indicated a pickup in market activity and more widespread confidence compared to the situation in March  2015 and a year ago.  The April 2015 report is based on the responses … Continue reading

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NAR: April Pending Home Sales Up 3.4%

Take a look at this video, NAR Chief Economist Lawrence Yun talks about April pending home sales and indications of strong buyer activity. He also addresses the question of whether or not a new price bubble is emerging, comparing today’s … Continue reading

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