Nine of Virginia’s 11 metropolitan areas had unemployment drop in April — only Bristol and Danville saw it rise (by 0.7 percent and 0.1 percent, respectively). Statewide, Virginia had 5.0 percent unemployment, down from 5.2 percent in … [Read more...]
April Buyer Traffic—Up; Seller Traffic–Constant
Strong buyer demand for homes continued to outpace supply in April. The Buyer Traffic Index hit a high of 72, signifying increasing demand. However, the Seller Traffic Index, an indicator of supply conditions, was unchanged at 41. Source: April … [Read more...]
Congrats to Bob Northern of Richmond
Bob Northern of Bob Northern and Company in Richmond is the first winner of a $100 Amex gift card for taking our 2013 member survey. If you haven’t taken the survey yet, you have through the first day of summer: June 21. (Technically, 11:59 PM … [Read more...]
Price Recovery Strongest in Non-Judicial States
The price recovery continued to gain momentum in the 1st quarter of 2013. The strongest gains relative to the same time period in 2012 were concentrated in the sand states as well as the industrial Midwest, both of which were hit hard during the … [Read more...]
When To Buy a House? RIGHT NOW!
After witnessing the housing bubble ‘pop’ just a few years ago, many would be buyers may be hesitant to pull the trigger. Today, we want to explain that the greatest risk a buyer can take right now is actually waiting to buy a home. We realize that … [Read more...]
You Can Afford a Higher Priced House if You Buy New, Study Claims
By Melissa Dittmann Tracey, REALTOR(R) Magazine Americans may be able to buy a higher-priced home if they buy new, according to a study by the National Association of Home Builders. The NAHB study — using data from the Census Bureau and … [Read more...]
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