The November 2012 Virginia Home Sales Report has been released and the pace of sales increased sharply (+18%) accompanied by a 12% increase in the median sales price in the Commonwealth. Read more inside the complete November 2012 Virginia Home Sales … [Read more...]

VAR Board of Directors members Gail Penman and Donn Irby (center) accepted the award on VAR’s behalf. The award was presented by HRRA’s Jay Mitchell (left) and David Wilkey (right). VAR was honored last week by the Hampton Roads REALTORS® … [Read more...]

There can’t be a Nate Silver for housing; Silver uses math for his predictions (which is why they’ve always been so accurate), and predicting the housing market requires some degree of guesswork. (Educated guesswork, hopefully.) Bill … [Read more...]

Are you or someone you know under 30 and planning to stay that way till at least the beginning of June? If so, you’re eligible to be one of Realtor® magazine’s annual 30 Under 30 — “Rising stars in real estate,” as … [Read more...]

So the price of lumber futures has hit a six-year high. So what? It’s a great indicator of Wall Street’s confidence in the home-building market. Anyone can say that housing is recovering (including us), but that lumber futures number … [Read more...]

Shadow inventory is supposed to be a Big Problem going forward. Heck, it was supposed to have been a Big Problem already… it just never turned out that way. (I, too, had bought into the concern — and was happy to see it was … [Read more...]