In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses jobless claims. Initial unemployment insurance claims for … [Read more...]
Homeownership and Rapid Transit
The American Public Transportation Association and the National Association of REALT0RS® recently released a study analyzing changes in residential prices for houses near high frequency public transportation. The study analyzed residential prices in … [Read more...]
Should Your Buyers Increase Their Offer?
Limited inventory and a very strong demand for housing has created an environment where bidding wars are commonplace in today’s real estate market. Homes priced properly are getting multiple offers within a short time of coming to market. This … [Read more...]
Look at all the good news about Virginia’s infrastructure
Let’s play the glass-half-full game, and see all the positives in what the American Society of Civil Engineers’ “2013 Report Card for America’s Infrastructure” had to say about Virginia! First off, we didn’t fail … [Read more...]
Shadow inventory isn’t a problem… is that a problem?
A new CoreLogic report says that “shadow inventory” (homes in the foreclosure process that will presumably enter the market soon) is down — in January it was 18 percent lower than a year ago. And it’s continuing to drop. For a … [Read more...]
Even in Bad Times, Real Estate’s Impact is Big
Historically real estate has played an important role in the U.S. economy. One reason for the economy’s sluggish recovery has been problems in the mortgage finance sector that have constrained a traditional housing-led expansion. While real estate’s … [Read more...]
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