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Four Virginians Rank Among the Top 200 Most Powerful People in Residential Real Estate

FOR IMMEDIATE RELEASE

 

Four Virginians Rank Among the Top 200 Most Powerful People in Residential Real Estate

RICHMOND, Va. January 15, 2015—The Virginia Association of REALTORS® (VAR) announced today that four of its members were ranked on the Swanepoel Power 200 list of the most powerful people in residential real estate in the U.S. Stefan Swanepoel, who authors* the Swanepoel Trends and Swanepoel Technology reports released his 2015 list yesterday.

Freddie Mac: How will mortgage lending in 2015 compare to 2014?

While the past year failed to meet housing expectations due to a torrential winter, despite surprisingly low mortgage rates, not all predictions were off, with one of the most accurate predictions noting housing shifted to a purchase-money dominated market.

Freddie Mac’s December Economic and Housing Market Outlook report takes a look back at five predictions for 2014 and whether they did or did not meet expectations.

1. Mortgage Originations

2. Home values

3. Rental markets

4. Home sales

Homeownership serves as a stepping stone to wealth

A recent editorial in the New York Times focused on homeownership and wealth creation, drawing on research from the Joint Center for Housing Studies at Harvard University and concluding that “as a means to building wealth, there is no practical substitute for homeownership.”

But just why is homeownership so important to building wealth? Here’s what the researchers at Harvard found in their 2013 research, and what it means for you today.

Unlicensed Assistants

Legal Hotline: Meth Lab Disclosures

Blake explains Realtors' duties when it comes to meth lab disclosures.

Terrie Suit takes the ALS Ice Bucket Challenge™

Terrie Suit CEO of the Virginia Association of REALTORS answered the challenge from Board Member Michael Guthrie for the #IceBucketChallenge to raise ALS awareness. She had a little help from staff who were HAPPY to “help”.  Terrie also threw out the challenge to VAR’s leadership: Brad, Deborah, Bill White, Pat, and Mary as well as incoming Vice President Claire.

Donate at least $5 to the ALS Association and help find a cure! Click here for more information:
http://www.alsa.org/donate/

Virginia launches investment plan to spur first-time homebuyers

A head start: Virginia First-time Homebuyer Savings Plan

A First-time Homebuyer Savings Plan allows any Virginian to set aside up to $50,000 toward the costs of closing on a new home. The earnings on those funds — interest and capital gains — are free from Virginia state taxes.

First-time Homebuyer Savings Plans


New FICO score model could help homebuyers

As a Realtor helping clients find their next home, you know how important a FICO score can be. Most home loans are predicated on the FICO score of the buyer and the difference between a good score and one that’s not so good can result in a higher interest rate or no loan at all.

That’s why the news from Fair Isaac Corporation (FICO) on August 7, 2014 was good for both homebuyers and Realtors. See the complete story here:
http://varbuzz.com/2014-08/new-fico-score-model-could-help-homebuyers/

Real Show 2014: How do you spell success?

The 2014 Real Show — the official statewide convention and expo for Virginia Realtors — is now open for registration.

This year’s show is already shaping up to be phenomenal.

For starters, you asked and we listened: The Real Show is being held during the week, so you don’t miss any of that critical weekend client time.

We’ve streamlined our classes. Now there are three tracks: broker, risk management (“Risky Business”), and marketing (“Market Matters”). That means getting the business knowledge you want is easier than ever.