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Va. Realtors: Home sales to increase 9.8% in 2025
Virginia Realtors forecasts a 9.8% year-over-year increase in home sales in 2025, according to its 2025 Economic & Housing Market Forecast, released Thursday. So far this year, housing sales in the state are outpacing sales last year (although the pace of sales is below the annual average) and are on track to be up 2.9% […]
Virginia Realtors CEO retires
Virginia Realtors CEO Terrie L. Suit is retiring after 11 years heading the state’s largest trade association, according to a Sept. 14 announcement. Glen Allen-based Virginia Realtors, which represents 36,000 Realtors, has appointed Martin K. Johnson as interim CEO. He has held varying roles with the association, including senior vice president of advocacy, chief lobbyist […]
NoVa, Hampton Roads home sales decline in August
Home sales in Northern Virginia and Hampton Roads dropped year-over-year and month-over-month in August, although inventory and selling prices in both regions increased from the same time last year. Northern Virginia August home sales in Northern Virginia dropped 8.1% from August 2023, according to data released Sept. 12 by the Northern Virginia Association of Realtors. […]
Locked gears
When Gail Courville decided this year to move closer into the Richmond metro area from Serenity Farm, her 109-acre Goochland County estate, she faced a real estate market vastly changed from the last time she relocated, back in 2014. The interest rate on the nearly $900,000, 5,000-square-foot home she wanted to purchase in Henrico County […]
NoVa residents feel pressure to pay high rent, mortgages
A spring survey showed more than half of residents polled in the greater Washington, D.C., area are concerned with making rent or mortgage payments in 2023, highlighting the lack of affordable housing in the nation’s fourth largest metropolitan area. Fifty-two percent of D.C., Maryland and Virginia residents polled by Gallup and the nonprofit Greater Washington […]
Inventory grew in Va. housing market in July
Inventory grew for Virginia’s housing market in July, according to Virginia Realtors data released Aug. 21. At the end of July, there were 19,162 active listings in the state, which was 4,223 more listings than in July 2023 — a 28.3% increase. Of those listings, 12,439 came onto the market in July, a 13.6% increase […]
NoVa, Hampton Roads home sales rise in July
Home sales in Northern Virginia and Hampton Roads rose year-over-year in July, while inventory as measured by active listings rose year-over-year and month-over-month for both. Both regions also saw median sales prices rise from the previous year but drop from June prices. Northern Virginia July home sales in Northern Virginia rose 13.5% from July 2023 […]
Former Northrop Grumman CEO’s mansion sells for $9.95M
Former Northrop Grumman Chairman and CEO Wes Bush and his wife, Natalie, sold their McLean mansion June 28 for $9.95 million, according to Fairfax County records. Steven A. Sigsbury, an attorney with the Cochran Law Group in Tysons, is listed as the buyer of 903 Turkey Run Road and Baldy’s Bait and Tackle Trust is […]
NoVa, Hampton Roads home sales fall in June
Home sales in Northern Virginia and Hampton Roads dropped year-over-year in June, as homes stayed on the market longer and median sales prices rose. Northern Virginia June home sales in Northern Virginia fell 13.8% from June 2023 and 12.2% from May, according to data released July 11 by the Northern Virginia Association of Realtors. “This […]
Va. housing market gave mixed signals in May
Virginia’s housing market gave off mixed signals in May. Closings were higher than last year, but pending sales were flat, according to Virginia Realtors data released June 25. In May, 10,715 homes sold in Virginia, up 423 sales or just over 4% from the same month last year. “While sales activity has outpaced last year […]
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 […]
Norfolk property management firm promotes president, principal broker
John Chandler has been promoted to president and principal broker of Berkshire Hathaway HomeServices RW Towne Property Management, the Norfolk-based real estate firm announced Wednesday. Chandler was previously director of facilities and compliance for Berkshire Hathaway HomeServices RW Towne Realty and chief operating officer of the property management division, according to his LinkedIn profile.[...]
