Category Archives: Housing Market

March Surge Contributes to Significant Growth in First Quarter Residential Market

The first quarter of 2017 illustrates another year of significant market strength. With particularly strong sales in March, the first quarter of 2017 outperformed the prior year first quarter by 7.8 percent (rising from 21,213 transactions to 22,859). Likewise, first … Continue reading

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Virginia’s 2017 Housing Market Starts with a Strong January

Virginia’s 2017 residential real estate market is off to a strong start. January performance showed notable year-over-year improvement. Pace, or the total number of transactions, rose from January 2016 by 6.5 percent (from 5,946 transactions to 6,335). Likewise, January volume … Continue reading

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Groundhog Day is this week… are spring sales around the corner?

Whether or not the Punxsutawney groundhog sees his shadow on February 2nd, more buyers may be coming out of hibernation. Nationwide, homes sold 4 percent faster in January than they did last January (2016), according to realtor.com’s Chief Economist Jonathan … Continue reading

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NEWS ALERT: Virginia Home Sales Report Shows Impressive Gains for 2016

The fourth quarter of 2016 contributed to a year of significant market strength. With particularly strong sales in November, following consumer reaction to the conclusion of the Federal election cycle and the anticipation of rising rates, the fourth quarter of … Continue reading

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News Alert: Fee Cut by FHA Set to Benefit First-Time Buyers

The Federal Housing Administration made an announcement on Monday, January 9th to cut fees, effectively lowering the financing cost for first-time home buyers. Set to take effect January 27th, the fee cut may alleviate the burden of rising interest rates … Continue reading

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October sales reflect seasonal balance, continued high demand

October 2016 residential real estate sales performed steadily relative to prior year benchmarks, rebalancing from a third quarter balloon and still reflecting high buyer demand. The value of transactions for October 2016 was $2.815 billion, up 1 percent from the … Continue reading

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Strong and stable third quarter housing market works for Virginia buyers and sellers

The Virginia residential real estate market continued year-over-year and long term improvement through the third quarter of 2016. Both the total number of sales and the value of transactions rose from the same period last year, to 32,949 units and … Continue reading

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August 2016 sales bring boost back to this year’s residential market

According to the August 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR), residential real estate sales have strengthened markedly relative to August of last year. Following a month of slight contraction from its prior year benchmark, … Continue reading

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Rural Housing is a Virginia priority

This week concluded the final forum of a five-part series around the state on rural housing. Yesterday’s event in Blackstone, Virginia, drew 50 stakeholders from the REALTOR® community, housing industry, non-profit organizations, and elected offices. Hosted by the Southside Virginia … Continue reading

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May Sales Boost Virginia Housing Market

According to the May 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR), the Virginia housing market continues a strong growth trend. Year-over-year, the number of transactions rose by nearly 11 percent, from 10,369 sales to 11,499. … Continue reading

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