Congratulations to Realtor Daan De Raedt of RE/MAX Allegiance in Arlington, who was named as one of REALTOR magazine’s 2014 “30 Under 30″ — “hard-working young professionals [who]… put their customers first, and are champions for their communities.”
And congrats, too, to two Realtor neighbors from just north of the state line: CJ Davis and Ron Mangas, Jr., both of Washington, D.C., who also made the 30 Under 30 list.
As the first women to head Virginia’s largest trade association, VAR CEO Terrie Suit was named in Virginia Business magazine’s “On the move” section — part of its annual feature on the most influential people in the state.
The magazine listed Suit as one of the “People who are making their mark” along with others such as Tom Folliard (president and CEO of CarMax), Gracia Martore (president and CEO of Gannett Co.), John F. Reinhart (CEO and executive director of the Virginia Port Authority), and George Sherman (president of Advance Auto Parts).
There’s an excellent column in the Washington Post by regular contributor Jill Chodorov on off-market or “pocket” listings. (Technically it’s a column, but it reads more like a well-researched article.) Whatever you think of pocket/off-market/pre-listing listings, it’s worth a read to understand how and why they’re out there.
As expected, President Obama signed the bipartisan Homeowner Flood Insurance Affordability Act on March 21, which extended government flood-insurance subsidies to people in flood zones. Because of the 2012 Biggert-Waters law, many of those people would have seen their flood insurance premiums skyrocket as they were adjusted to accurately reflect the flood risks.
Virginia Association of REALTORS® President Bradley J. Boland sent a message to the Federal Housing Finance Administration, weighing in on the FHFA’s plan to reduce the loan limits for mortgages that could be purchased or insured by Fannie Mae or Freddie Mac.
Reducing those limits would mean that many potential home buyers would not be eligible for a mortgage because the property value would be too high to qualify. While it’s particularly an issue in the more expensive areas of the state, reducing the loan limits would have an effect on the entire Virginia real estate market.
The U.S Senate voted 72-22 to approve a bill that would continue government subsidies for flood insurance for people in flood zones, protecting them from often-significant rate hikes that were going into effect.
The Homeowner Flood Insurance Affordability Act, which had bipartisan support, was in response to the 2012 Biggert-Waters law. As REALTOR® magazine explained, Biggert-Waters
REALTOR® magazine has named Richard Bridges of ERA Blue Diamond Realty in Woodbridge one of its 50 finalists for the 2014 class of “30 under 30″ — young Realtors® who show exemplary business success, innovation, leadership, and community involvement.
After receiving hundreds of applications, the magazine’s editors selected 75-100 semifinalists, and then narrowed the field to the 50 finalists that include Bridges.