Posts in category 'Real Estate News'

RICHMOND, Va. (August 23, 2017) – According to the July 2017 Home Sales Report released by the  Virginia REALTORS®, there is no slackening in the residential real estate market. Year‐to‐date volume  (the sum of all sales) for the period January through July rose 9.7 percent over the same period in 2016,  from $22.411 billion to $24.593 billion. Year‐over‐year, transactions in the month of July contracted by  less than half of one percent, from 11,549 to 11,495. Inventory constraints continue to affect the  number of sales and also drive price upward, as eager buyers demand more than the current market  supplies.  

Claire Forcier‐Rowe, 2017 President of the Virginia REALTORS®, shares "Low rates and lasting consumer  confidence have propelled buyers into Virginia's market faster than sellers are committing to list their  properties. Withou...

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Congratulations  to our Top 20 Award Winners on a successful quarter
for Real Estate Sales in Homes, Farm, Estates, and Residential Property. 

Jamie White Team • Sasha Farmer Team • Duckett-Corbin Team • Carol Costanzo Team • Anita Dunbar

Carter Montague • Paul McArtor • Joe Porterfield • Carl Broyles • Pam Whorley

Kyle Olson • Lynn Bowling • McCauley & Bailey Team • Melissa Garrison • Brad Conner

Pat Surey • Mike Gaffney • Boo Ingram • Robert Nigmund • Mike Davis

With the overall economy just inching along, some experts are questioning whether the housing market can continue its momentum throughout the rest of the year. People are beginning to ask questions such as:

• Will disappointing economic news adversely impact housing?
• Is affordability a major concern in today's real estate market?
• Are we approaching a new housing bubble?
• Are mortgage standards too tight? Or have they loosened too much?

Freddie Mac, in their April Economic Outlook, addresses the disappointing economic news and what impact they think it will have on housing:

Congrats to Relocation Coordinator Joy Long and the rest of the Montague Miller team for their recent recognition by Leading Real Estate Companies of the World. Keep up the good work!