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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.
New York firm buys Chesapeake apartments as part of $58.2M portfolio
Newbrook Capital Properties announced this week it has acquired a 340-unit portfolio in the Virginia-North Carolina region for $58.2 million.
Amazon buys 189 acres in Prince William tech park for $700M
Amazon Data Services has bought approximately 188.5 acres in Prince William County for a whopping $700 million.
NSF to remain in Alexandria, but in a smaller building
The National Science Foundation new headquarters will be located in Alexandria on the same campus as the U.S. Patent and Trademark Office
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.
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.
