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VAR’s new CEO covered by RIS Media

Real estate news publisher RIS Media covered the hiring of VAR’s new CEO, Terrie Suit, in an October 30 article “Terrie Suit Named to Head State Realtors®’ Association.”



REALTORS discuss potential of property management

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:


Sun Gazette informs readers of statewide market improvements via VAR

sun-gazette-logoDouble-digit increases in home sales were reported in every corridor across the commonwealth, according to figures reported Oct. 22 by the Virginia Association of Realtors (VAR). The market has been improving since bottoming out in mid-2011.

VAR’s Home Sales Report quoted by Lynchburg paper

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“:

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.

It quoted both Linda Terry, the 2013 President of the Richmond Association of REALTORS®, and Stacey Ricks, VAR’s Director of Public Relations.

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.

Terrie Suit interviews with Inside Business

Inside Business, the Hampton Roads Business Journal, hosted a “get-to-know-you” Q&A with VAR’s new CEO, Terrie Suit. Check it out.

indexTerrie Suit is about a month into her new job as CEO of the Virginia Association of Realtors, the state branch of a national trade organization and the largest trade group in the state.

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.

Unfortunately, just as these “boomerang buyers” are beginning to get on their financial feet, there aren’t enough homes for them to buy.

That’s fixable, but it still puts us at a crossroads of the economic recovery.

Northam, Herring endorsed by Realtors®

Two northammore endorsements were announced today by the Virginia Association of REALTORS® through the Virginia REALTOR® Political Action Committee: State Senators Ralph Northam for Lieutenant Governor and Mark Herring for Attorney General. On August 20-21, 2013, candidates for statewide office appeared before the RPAC Board of Trustees for separate and extensive candidate interviews. Further, each candidate submitted written responses to questionnaires developed for this race.