For Agents’ Eyes Only… Each Thursday we will be posting a blog to help real estate professionals understand how they can better assist their buyers and sellers navigate the current real estate market. Hope you find the information helpful. – The KCM … [Read more...]
New Home Sales in September
New home sales, like existing home sales, continue to trend higher. Similarly, low inventory is pushing up prices. In September, new home sales were 389,000 (annualized rate after seasonal adjustment), which is a gain of 5.7 percent … [Read more...]
Cash Sales: 28 Percent of Residential Sales
Approximately 28 percent of REALTORS® reported making cash sales in September, relatively unchanged since August (27 percent) and almost at par with the same period of last year of 30 percent, based on information from the REALTORS® Confidence … [Read more...]
FHFA House Price Index
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 the FHFA house price index. FHFA house price index data … [Read more...]
Virginia home sales up 6% year-over-year
The Third Quarter Virginia Home Sales Report has been released and yet again, most state-wide indicators show an improved housing market in the Commonwealth. As shown above, the pace of home sales in the 3rd Quarter of 2012 (24,331) marked a 6% … [Read more...]
Employment Rate
The unemployment rate gets all the focus and sometimes receives strong criticism about the way it is computed. Why are discouraged workers not counted as unemployed when they don’t have a job? What about the underemployed, those who want a better … [Read more...]
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