It’s your once-a-year chance to give your state representatives what-for — in person. It’s the Virginia Realtor® Day on the Hill, and it’s on February 6, part of GetActive, our legislative advocacy conference. But wait, … [Read more...]
Bank of America rebuilding its home lending business
After three years and more than $43 billion in payments and penalties for forging documents, duping the government, and otherwise doing its part to create the Great Recession (including a recent $10.3 billion settlement with Fannie Mae), Bank of … [Read more...]
The fiscal cliff deal and real estate — what’s up
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...]
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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