Get a terrific three-minute overview of the current Virginia housing market with the video edition of our quarterly Home Sales Report, hosted by VAR team member Director of Public Relations Stacey Ricks.
It’s a great way to see what’s happening in the state. (Brokers, it’s perfect for your next sales meeting.) And for all the details be sure to grab your free copy of the full Home Sales Report, too.
Over 200 Realtors descended on Charlottesville this week for the tenth anniversary of the Property Management Coalition Conference. The Charlottesville Daily Progress stopped in and chatted with members on Wednesday. Check it out:
The Lynchburg News & Advance quoted data from VAR’s quarterly Home Sales Report in its October 22 article, “Va. home sales soar; Lynchburg-Blacksburg-Roanoke leads pack“:
Both VAR and the Richmond Association of REALTORS® were featured in an October 23 Richmond Times-Dispatch story, “Housing market improves,” about central Virginia’s housing market.
“The Richmond area’s housing market posted increases in sales and prices during the third quarter, according to a report released Tuesday by the Richmond Association of Realtors,” begins the story, which featured housing statistics from both associations.
It quoted both Linda Terry, the 2013 President of the Richmond Association of REALTORS®, and Stacey Ricks, VAR’s Director of Public Relations.
Charlottesville, Richmond, and Newport News were named among the nation’s “Top 100 Places to Live” in 2014, according to Livability.
Working with researchers at the University of Toronto’s Rotman School of Management, and using data from the U.S. Census Bureau, USDA, Walk Score, Great Schools, Americans for the Arts, and others, Livability examined more than 1,700 small and mid-sized cities across the country.
The rankings were based on a variety of factors, including local economics, quality and availability of healthcare, affordability, quality of education and infrastructure, and local amenities such as parks, museums, and music venues.
A study by personal finance site Wallet Hub found that Virginia is the state most affected by the government shutdown.
Using data from Realtor.org as well as the Department of Education, the Brookings Institute, FedsDataCenter.com, the U.S. Department of Veterans Affairs, and the U.S. Small Business Administration, Wallet Hub examined a number of factors that would make a state more or less impacted by the shutdown.
An article in the Washington Post explains how consumers shopping for mortgages may be offered “substantial credits” from mortgage brokers. Lenders, the article explains, may be able to offer similar help with closing costs, but do not always advertise the fact.
This is because the mortgage brokerages, unlike lenders, are required by law to pass certain monies back to their clients, according to the Post. They are trying to use this fact as a tool to attract customers, it says.
As the article explains:
As you might expect, there are plenty of stories about how the government shutdown is affecting folks across the country. Let’s focus on the real estate market, though. Here are some of the stories making the rounds:
Mortgage Bankers Call for End to Government Shutdown (DSNews)
David Stevens, president and CEO of the Mortgage Bankers Association, urged an end to the shutdown: