How well do you know your REALTOR® Code of Ethics history? Here’s a pop quiz: How much was the term “Realtor” purchased for from its creator, Charles Chadbourn? When was the Code modified to include gender-neutral phrasing? How … [Read more...]
Home Construction Back on Track
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 housing construction. Home construction was back on track … [Read more...]
Top military contractors not hurt by sequestration
There’s been plenty of concern about the effects of sequestration on the defense industry — which is, obviously, of huge concern in Virginia, particularly in the Hampton Roads area. Big cuts in pay for civilian employees has already … [Read more...]
Change in Personal Bankruptcies: 2012 vs. 2011
Personal bankruptcies tend to rise during periods of economic distress due to job loss and loss or reduction of income. Not surprisingly, this pattern was evident during this most recent economic downturn when bankruptcies rose nationally to a peak … [Read more...]
Will Economic Uncertainty Derail Real Estate’s Momentum?
Some are questioning whether the current rally in the real estate market will fall victim to financial uncertainty regarding the impending debt ceiling debate and sequestration. However, many experts believe housing will be able to maintain its … [Read more...]
Home Improvements After the Home Purchase
Click chart to view larger version. Fifty-three percent of buyers undertook a home improvement project within three months of their home purchase. Buyers who purchased older, previously-owned homes were the most likely to undertake a home … [Read more...]
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