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VAR, RAR quoted by Richmond Times-Dispatch

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.


Virginia sees a strong third quarter

The Virginia housing market maintained year-over-year improvements in the third quarter: sales were up 11%, prices increased 2.4%, and volume increased 19%. In general, year-over-year numbers indicate that the market is continuing to recover with increased sales, increased value, and stable prices.

Nonetheless, sales decreased in September. The graph below shows that the decrease in sales from August 2013 through September 2013 (20.4%) was similar to the decline Virginia experienced last year, 20.08% from the end of August 2012 to the end of September 2012.

Pat Jensen named REALTOR® of the Year

Pat JensenCongratulations to Virginia’s REALTOR® of the Year, Pat Jensen of Better Homes & Gardens Real Estate III in Charlottesville! Pat was honored last night during VAR’s installation and awards ceremony in Virginia Beach, surrounded by her family and hundreds of VAR volunteer leaders from across the state.


Preparing for the boomerang buyers

VAR editor, Andrew Kantor recently wrote a great Op/Ed on Virginia’s housing market which ran in the Virginian-Pilot out of Hampton Roads, VA. Check it out!

A coming change to the housing market is an opportunity to kick the economy back into high gear – but, if we don’t all work together, it could stagnate the housing market and maybe the rest of the economy as well.

Thousands of people who lost their homes to foreclosure are reaching the point where their credit has cleared enough for them to re-enter the market.


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