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Virginia Beach developer building $80M mixed-use development
Construction is underway on an $80 million Virginia Beach project to transform a former elementary school site into a mixed-use development.
Investors snap up 27% of U.S. homes as buyers retreat
LOS ANGELES (AP) — Real estate investors are snapping up a bigger share of U.S. homes on the market as rising prices and stubbornly high borrowing costs freeze out many other would-be homebuyers. Nearly 27% of all homes sold in the first three months of the year were bought by investors — the highest share […]
Average long-term US mortgage rate eases to 6.81%, the third consecutive weekly decline
The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market. The long-term rate fell to 6.81% from 6.84% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the […]
Housing sales decline in NoVa, Hampton Roads
Housing sales last month decreased year-over-year in Northern Virginia and Hampton Roads, although inventory and median sales prices rose.
Fed’s Fifth District expands slightly amid uncertainty
The Fifth District economy saw mild growth, with mixed hiring, rising import costs, and steady consumer spending despite economic uncertainty.
Tysons Corner Center unveils plans for $100M redevelopment
Major changes are on the horizon for Tysons Corner Center — the largest shopping mall in the Washington, D.C., area.
30-year mortgage rates climb to 6.89%, highest since Feb
U.S. 30-year mortgage rates rise to 6.89%, their highest level since February, pushing borrowing costs up and slowing home sales.
More sellers than buyers in housing market slowdown
U.S. housing market sees 34% more sellers than buyers as of April, with fewer home shoppers than any time since 2013, Redfin reports.
Virginia 500 Spotlight: Shawn Tibbetts
June 2025 issue's spotlight on Shawn Tibbetts, president and CEO of Armada Hoffler Properties in Virginia Beach.
Cushman & Wakefield | Thalhimer announces new president
Eric Robison, who leads Thalhimer’s capital markets team, has been promoted to president, effective June 1.
Wisconsin co. breaks ground on $26M Portsmouth export facility
The DeLong Co. on Thursday broke ground on a $26 million agricultural export facility in Portsmouth that will prepare whole grains for shipment.
Virginia Natural Gas breaks ground on $50M Chesapeake HQ
Virginia Beach-based Virginia Natural Gas on Tuesday broke ground on a $50 million operations headquarters in Chesapeake.
