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NAR’s Chief Economist, Lawrence Yun, says that today’s homes are more affordable than at any time in the past 40 years. But as the economy improves, expect housing prices to rise again, making homeownership less affordable. VAR and Housing Virginia
recognize the need to keep housing within reach for those want to
pursue (and understand the responsibility of) the American dream of
homeownership.
To help housing advocates and state officials understand trends in
housing affordability, VAR, local Multiple Listing Services (MLSs) in
Virginia, and Housing Virginia are partnering to create a quarterly
Housing Affordability Index. The initiative was announced on November
18 at the Governor’s Housing Conference.
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Officials at the State Corporation Commission, after several meetings with VAR staff, have agreed that Realtors who install metal frame signs by hand on a property do not need to call Miss Utility first. Considering the number of Realtors in the Commonwealth who use metal frame signs, this is a significant event.
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Yesterday’s election left its mark on the landscape
of Virginia's Capitol Square. With local association endorsements and
VAR member votes, RPAC of Virginia-endorsed candidates Governor-elect
Bob McDonnell and Lt. Governor Bill Bolling were both victorious last
night. And 77 of the 88 RPAC-endorsed House of Delegates candidates
will take their seats in the 2010 General Assembly.
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Virginia’s housing markets appear to be moving upward, with the lowest point seen in fourth quarter 2008 and steadily improving since then, according to the third quarter 2009 home sales report released today by the Virginia Association of Realtors. “There seems to be no doubt now that we have hit the bottom and are moving back up, in terms of both price and sales activity,” commented VAR President John Powell of Colonial Heights. “We are now in our third consecutive quarter of marked improvement.”
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John R. Dickinson, CCIM, GRI of Union Hall was installed as president-elect of the Virginia Association of Realtors (VAR) at the group's annual Convention last week in Hot Springs, VA. Dickinson has been a licensed real estate agent since 1988, and currently is associate broker with Hall Associates, Inc. in Roanoke.
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Cindy Stackhouse, GRI, broker/owner of Century 21 Stackhouse & Associates in Dumfries, VA, is the newly installed president of the Virginia Association of REALTORS, with ceremonies held during the VAR annual convention in Hot Springs, VA. A real estate broker since 1988, Ms. Stackhouse is a member of the REALTOR Association of Prince William, serving as their president in 2008, and on their board of directors from 2005 - 2008. She is a Certified Instructor for Code of Ethics and New Member Orientation, and has served on and chaired numerous committees at the national, state and local Realtor association levels.
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