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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.
Henrico issues new RFI for arena project
Following the collapse of the $2.3 billion GreenCity project in March, Henrico County on Tuesday released a new request for interest for developers to submit plans for an arena-anchored development in the county's West End.
Two MLS platforms with Virginia coverage merge data
Central Virginia Regional Multiple Listing Service and Bright MLS announced a data sharing agreement. Subscribers of each will be able to search current and historical property listing information integrated into both systems.
Housing supply, affordability gap remain top of mind for potential homebuyers
Households earning $75,000 a year can only afford 21.2% of all home listings, according to the National Association of Realtors and Realtor.com. In the 2025 Housing Affordability & Supply report released Thursday, NAR officials said that America’s housing affordability gap persists with less than one-fourth of all For Sale home listings economically feasible for potential buyers maki[...]
Northern Virginia sees surge in housing inventory
The Northern Virginia housing market saw a significant increase in active listings in April, the Northern Virginia Association of Realtors reports.
Average rate on a US 30-year mortgage holds steady at 6.76%, not far from highest levels this year
The 30-year mortgage rate stays at 6.76% for a second week, as affordability challenges persist and economists expect continued rate volatility in 2024.
CoStar to purchase Australian property listings platform for $1.9B
Arlington County real estate data firm CoStar Group announced Friday it has signed a deal to acquire Domain, an Australian property listings platform, for 3 billion in Australian dollars, or $1.9 billion in U.S. dollars.
