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 … [Read more...]
New Home Sales
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 new home sales. Although new home sales were roughly … [Read more...]
Cash Sales: 27 Percent of Residential Sales
Approximately 27 percent of REALTORS® reported making cash sales in August, unchanged from July’s figure, according to the latest REALTORS® Confidence Index survey. The percentage of cash payments fluctuates from month to month. The high … [Read more...]
Stink bugs invade Virginia
Meet the brown marmorated stink bug: A creepy little bugger that can release an odor when attacked (it smells like cilantro — go figure). It was “imported” from Asia about 15 years ago, and has made its home across the … [Read more...]
Victims of illegal foreclosure will soon get payment
About 46,000 Virginians will soon be able to get their due from the national mortgage foreclosure settlement — they’ll be receiving the paperwork in the mail. That settlement was reached with the nation’s five biggest lenders, which … [Read more...]
Good numbers from existing-home-sales report
Two things of note from NAR’s August existing home sales report: First-time buyers make up about 31% of the market, and distressed sales (foreclosures and short sales) only make up about 22%. (Note: Just in case it’s not clear, those … [Read more...]
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