So Congress sorta kinda reached a deal to avert the “fiscal cliff” — well, at least for a year. Pick your favorite reliable news source to read how it affects most things; we’re just going to look at real estate issues … [Read more...]
Existing home sales up 17.2% in November
NAR’s latest existing-home sales data shows that sales in the South — of which, in case you didn’t know, Virginia is a part — were up 17.2 percent over November 2011. (Sales nationwide were up 14.5 percent year over … [Read more...]
10 Biggest Issues for New Construction in 2013
Builder Magazine recently ran an article revealing the Top Ten Issues that will impact new construction in 2013. Impact of Political Decisions Energy Efficiency Rebounding Prices Startups and Startovers Need for Land Demand for Multifamily … [Read more...]
8 Kitchen Trends to Watch in 2013
By Melissa Dittmann Tracey, REALTOR(R) Magazine Photo Credit: HomeThangs.com Kitchens are a popular spot that home shoppers judge in a home. So what are the trends in the kitchen for 2013? HomeThangs.com, a home improvement superstore, offers up some … [Read more...]
Healthier housing market will put pressure on multifamily buildings
Although it believes that home prices are still too high, Fitch Ratings analysts acknowledge the recovering housing market — and point out that it might not bode well for multifamily units. With investors snapping up single-family homes to rent … [Read more...]
Homes still overvalued says Fitch — by up to 10 percent
Fitch Ratings is trying to rein in the housing market bulls, saying in its latest report that it believes homes are still overvalued. The reasons: A shortage of housing and still-low mortgage rates are artificially inflating demand. Per CNBC: Fitch … [Read more...]
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