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Trump says 50-year mortgages would be no ‘big deal’
Trump calls 50-year mortgages minor, saying longer terms reduce monthly payments but delay homeownership and equity buildup.
Harbor Group International buys Virginia Beach apartments for $86M
Harbor Group International announced that it has acquired a 480-unit garden-style apartment complex in Virginia Beach for $86 million.
Richmond Northside apartments sell for $45M
A 224-unit apartment complex in Richmond’s Northside neighborhood sold for $45.02 million in late October.
Industrial park near Richmond airport sells for $142M
An eight-building industrial park near the Richmond International Airport sold for $142 million, according to news releases this week.
Xcelerate Solutions expands in Tysons
Defense and national security contractor Xcelerate Solutions is expanding its headquarters and workforce in Tysons.
BARBARA M. WOLCOTT
CHAIRMAN AND PRINCIPAL BROKER BERKSHIRE HATHAWAY HOMESERVICES RW TOWNE REALTY CHESAPEAKE
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.
Modular housing manufacturer to hire 89 in Southwest Virginia
A modular housing production facility that will create 89 jobs within five years will soon come to Russell County.
Historical Roanoke bank to reopen as music hall, hotel and restaurant
The First National Exchange Bank building in Roanoke is about to start a second life housing a boutique hotel, restaurant and 1,200-capacity venue.
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.
Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year
The average 30-year mortgage rate dropped to 6.19%, its lowest since October 2024, as inflation and Fed policy ease pressure.
Northern Virginia sees return to office spike
Avison Young reported that office attendance in Northern Virginia reached 64.8% of pre-pandemic levels in August.
