Two major consumer organizations are urging Congress to enact a national “Homeowner Bill of Rights” to reduce foreclosures, “stabilize local housing markets, and protect homeowners.” Pointing out how the lack of lender … [Read more...]
Millennials: Not Destined to be Life-Long Renters [INFOGRAPHIC]
Shared with Permission: Millennials Won’t Be Life Long Renters … [Read more...]
42,000 Fewer Unemployment Insurance Claims Filed
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 unemployment insurance. Unemployment insurance claim … [Read more...]
Inventory looks like the big issue for Virginia housing
Why is inventory becoming the big issue in Virginia real estate? Because there’s not enough of it. (If you’re in an area that does have plenty, be advised: It probably won’t last.) Check out these statewide figures for February (the … [Read more...]
Columnist warns about the return of sub-prime loans
In case you don’t remember, the housing crisis we’re finally getting out of was caused by, at its core, people getting mortgages they couldn’t afford. Blame the borrowers, blame the lenders, whatever — that was the root of it … [Read more...]
Characteristics of Homes Purchased
The typical home recently purchased was 1,860 square feet in size. Repeat buyers, buyers of new homes, married buyers and those with children under the age of 18 in the home typically purchased larger homes. The typical home purchased was built in … [Read more...]
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