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Trump 2.0: Making real estate great again?
Let Trump be Trump. A campaign staffer’s now-famous motto during President Donald Trump‘s 2016 bid for president nods to the mercurial nature of the real estate mogul and former reality television star — as well as a similar slogan from “The West Wing.” And Trump himself has repeatedly said he trusts his gut over his […]
Roanoke City Council approves zoning changes — again
A residential zoning do-over in the Star City is done. At least for now. On Sept. 16, Roanoke City Council voted 6-1 to adopt zoning amendments that will allow greater housing density and eliminate single-family-only housing City Council adopted similar zoning amendments in March, but several city homeowners, including Republican mayoral candidate David Bowers and […]
Home improvement
Liberty Military Housing is renovating hundreds of single-family homes and townhomes for Navy families in several Virginia Beach and Norfolk military housing communities, with $120 million in refurbishments that began in 2023 and are scheduled to be completed in 2026. The upgrades range from replacing siding and roofing to updating kitchens and bathrooms to tearing […]
Military Circle plans shift in new direction
The fate of Norfolk’s closed Military Circle Mall has yet to be determined, but city officials are considering how the property could leverage sports tourism and offer retail and housing options. The city bought the 54-year-old, long-declining mall building and the surrounding 73 acres in 2020 for $11 million. As Norfolk seeks to repurpose the […]
Hampton Roads home sales steady, inventory rises in May
Hampton Roads home sales in May remained steady year-over-year, but inventory climbed, breaching 4,000 homes for sale, according to Real Estate Information Network (REIN) data released Monday. Last month, 2,498 homes sold in Hampton Roads, up from 2,189 in April and equal to homes sold in May 2023. Pending sales totaled 2,546, down from 2,569 […]
Hampton Roads home sales, prices up in April
Home sales across Hampton Roads were up in April, as the region also racked up near-record median sales prices, the Real Estate Information Network (REIN) reported Friday. There were 2,189 settled sales for the month, up from 2,057 in March and 2,053 in April 2023, according to REIN. There were 2,569 pending sales, compared with […]
Va. housing market dampens in March
The pace of sales in Virginia’s housing market slowed in March, declining 7.3% over March 2023, according to data released by Virginia Realtors Tuesday. In March, there were 8,075 home sales in the commonwealth, 634 fewer sales than this time last year. At the end of the month, there were 14,950 homes on the market, […]
Artist housing developer considers Roanoke for first Va. project
Roanoke developer Ed Walker first tried to lure Artspace, a Minnesota-based nonprofit real estate developer for the arts, to Roanoke in the early 2000s when he was transforming a former 1925 cotton textile mill into downtown living spaces. Artspace essentially ghosted him back then. “It’s very, very, very, very difficult to get Artspace’s attention and […]
Va. real estate industry weighs in on $418M Realtors settlement
UPDATED MARCH 21, 2 P.M. A landmark, $418 million proposed court settlement from the National Association of Realtors over allegations of a conspiracy to boost agent commissions could have seismic implications for the residential real estate industry, with some national experts going so far as to call it one of the biggest changes to the […]
House of cards
Working as a mortgage lender in Roanoke for the past 18 years, Jason Bialek experienced everything from the financial crash of 2008 to the historic spike in home sales during the COVID-19 pandemic. Following that bonanza in 2020, though, Bialek and others in the residential real estate industry will probably look back at this period […]
Arlington residents sue over ‘missing middle’ zoning
Ten Arlington County residents filed a lawsuit against the county in April that claims Arlington’s new “missing middle” zoning ordinance was passed in March without proper notice and violates Virginia law. “Missing middle” refers to the range of options that fall between affordable housing and single-family homes, including duplexes and other higher-density residences. On March [&hel[...]
Roanoke apartment complex sells for $1.1M
The Eastgate Apartments in Roanoke have been sold for $1.1 million, Cushman & Wakefield | Thalhimer announced Monday. Restoration Turnkey Investments LLC acquired the community on March 28 from Rafan LLC. The buyer is planning extensive interior and exterior renovations. The complex, built in 1977, has 14 townhouse-style apartments and is three miles from downtown […]
