Category Archives: Housing Market

Virginia Residential Real Estate Market Continues to Improve through First Quarter

The Virginia residential real estate market continued year-over-year improvement according to the First Quarter 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR). Indicating sustained long-term growth, both the number of sales and the value of transactions … Continue reading

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Real estate is local for Henrico Business Leaders

2016 President of the Virginia Association of REALTORS® (VAR) Bill White offered real estate insight to a crowd of business and community leaders on Monday morning at the Henrico Business Leaders breakfast. Along with Lacy Williams of Joyner Fine Properties, … Continue reading

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Home remodeling activity looking to gain steam through mid-year

Expenditures for home improvements should see healthy gains in 2016, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA projects annual spending … Continue reading

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What kind of salary do you need to afford a home in these cities

The average American needs to make a little over $51,000 a year to afford the median-priced home — including the principal, interest, taxes and insurance — in the U.S., a study released this week by mortgage information website HSH.com. This … Continue reading

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Buying or Selling a Home in 2016? Realtor.com® Helps Consumers Navigate the Process with Top Tips

In the realtor.com®, Jan. 14th press release, Move, Inc., debuts Top Tips for Home Buyers and Sellers in 2016. These tips will guide everyone from house-hunting newbies to flippers through the market specifics for the next year, cutting through the clutter of real estate … Continue reading

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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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Location, location: Trader Joe’s and Whole Foods increase homes value

Zillow CEO Spencer Rascoff and Chief Economist Stan Humphries, reveal in a recent report that homes grow more rapidly in value when located near a Trader Joe’s or Whole Foods grocery chain. Between 1997 and 2014 nearby homes were worth more than the median U.S. home — … Continue reading

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NAR modest forecast for 2016 home sales

  Following the housing market’s best year in nearly a decade, existing-home sales are forecasted to expand in 2016 at a more moderate pace as pent-up buyer demand combats affordability pressures and meager economic growth, according to National Association of … 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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Richmond predicted as fourth hottest housing market in 2016

It’s no surprise to Richmond REALTORS® that RVA has been predicted as the nation’s fourth hottest housing market in 2016, according to Tuesday’s article in the Richmond Times Dispatch. The article described specific areas of Richmond that are up and … Continue reading

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