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Virginia housing market slowed in November
There were 7,492 closed sales across Virginia in November, 361 fewer than in November 2024, representing a nearly 5% decline.
November US homes sales rose from the previous month, but down from 2024 as prices climb
US existing home sales rose slightly in November but fell from a year earlier for the first time since May, as high prices and affordability challenges persist.
Virginia housing market showed momentum in October
Virginia’s housing market picked up in October, with buyers taking advantage of lower mortgage rates and a larger selection of homes.
30-year mortgage rate edges up to 6.24%
U.S. mortgage rates rose to 6.24%, their second straight weekly increase, though they remain near this year’s lowest levels.
US home turnover rate hits lowest level in 30 years
Only 28 of every 1,000 U.S. homes changed hands this year, marking the lowest turnover rate since the 1990s amid a sluggish job market.
U.S. mortgage rates fall to lowest level in a year
The average 30-year mortgage rate dropped to 6.17%, its lowest in over a year, boosting refinancing and homebuying demand.
US home sales accelerated in September to their fastest pace since February as mortgage rates eased
Existing U.S. home sales rose 1.5% in September as lower mortgage rates and more listings boosted buyer activity.
30-year mortgage rate rises to 6.34% after recent lows
WASHINGTON (AP) — The average rate on a 30-year U.S. mortgage ticked up for the second straight week following a string of declines that had brought down home borrowing costs to their lowest level in nearly a year. The average long-term mortgage rate rose this week to 6.34% from 6.3% last week, mortgage buyer Freddie […]
Virginia housing sales remained flat in August but prices rose
Virginia Realtors reports that the state's housing market sales remain essentially unchanged from last year’s August numbers.
Aug. housing inventory, prices rise across Virginia regions
Housing inventory and sold prices rose last month in Northern Virginia, Hampton Roads and Central Virginia, but home sales declined in Hampton Roads.
US 30-year mortgage rate dips to 6.5% amid housing slump
The average 30-year mortgage rate fell to 6.5%, down from 6.56% last week. Lower rates may boost buyer power but housing sales remain weak.
Days houses spend on market increases across Virginia
Houses are spending longer on the market than during the same period last year in Northern Virginia, Hampton Roads and Central Virginia. However, median sales prices in all three regions have increased over 2024. Northern Virginia The Northern Virginia Association of Realtors reports that 1,612 units were sold in July — a 1.6% decrease over […]
