VAR CEO Scott Brunner and 2012 president Mary Dykstra of Roanoke (center of photo, in brown blouse) met with Virginia senator Mark Warner in his Capitol Hill office. The agenda: housing, housing, housing. Brunner and Dykstra were part of a group … [Read more...]
Homebuilders, Fannie Mae, both say multifamily is looking good
The National Association of Home Builders and Fannie Mae both forecast a strong market for multifamily housing in 2013. That’s not surprising, considering that 2012 was a “banner year” (in the words of NAHB chief economist David … [Read more...]
Call for action: Virginia’s transportation crisis
Virginia Realtors®, we need your help. It’s time for the General Assembly to act and fix our transportation crisis. We all know that transportation is critical for Virginia’s economy. We need roads, bridges, tunnels, buses, and trains to get to … [Read more...]
Thirty-One Percent of Houses Sold in Less than One Month in December 2012
Tight inventory and multibidding have led to shorter days on the market. Based on information gathered from the December 2012 REALTORS® Confidence Index Survey, about 31 percent of REALTORS® who sold a home reported that the property sold in less … [Read more...]
What the Case Shiller Report is Actually Telling Us
Case Shiller released their latest Home Price Index yesterday. The headlines that followed were true but, in our opinion, a little misleading. Here are some of the highlights of the report that have dominated major media coverage: Home prices rose … [Read more...]
Falling Homeownership Rate
The homeownership rate fell again in the third quarter of 2012. The latest 65.3 percent ownership rate (seasonally adjusted figures) is the lowest since 1996, when Bill Clinton was campaigning for his re-election. But there is good news in the data … [Read more...]
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