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Trump eyes Fannie Mae, Freddie Mac IPO in 2025
Trump plans to sell up to 15% of Fannie Mae and Freddie Mac stock, raising $30B and potentially reshaping the U.S. mortgage market.
Average rate on a 30-year mortgage drops to lowest level since April
The average rate on a 30-year U.S. mortgage has fallen to its lowest level in four months, welcome news for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate fell to 6.63% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged [&helli[...]
Rheinmetall subsidiary relocates U.S. hub to Fairfax
Rheinmetall has relocated the headquarters of two of its U.S. subsidiaries to a new, 10,000-square-foot space in Fairfax County.
Virginia logistics space squeezed by data center boom
After the COVID-19 pandemic struck, Virginia experienced a surge in demand for warehousing and distribution space driven by consumers shifting to the convenience of online shopping. In 2022, at the height of this boom, developers responded by rapidly adding new supply, with Richmond and Hampton Roads seeing dramatic increases in[...]
30-year mortgage rate dips slightly to 6.74%
The average rate on a 30-year U.S. mortgage eased this week, offering little relief for prospective homebuyers facing record-high home prices. The long-term rate slipped to 6.74% from 6.75% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.78%. Borrowing costs on 15-year fixed-rate mortgages, [...]
Eight Northern Virginia medical offices sold in joint venture
Remedy Medical Properties and Kayne Anderson Real Estate recently acquired eight Northern Virginia medical office buildings.
Chesapeake approves 130+ condo development
Chesapeake City Council last week approved a rezoning request that will allow for the construction of up to 137 condo-style units.
US home sales fall in June as prices soar to new heights
LOS ANGELES (AP) — Sales of previously occupied U.S. homes slid in June to the slowest pace since last September as mortgage rates remained elevated and national median sales prices hit unprecedented levels. Existing home sales fell 2.7% last month from May to a seasonally adjusted annual rate of 3.93 million units, the Nati[...]
Home sales increase across Virginia
Housing sales increased year-over-year in north Northern Virginia, Central Virginia and Hampton Roads, signaling a healthy market.
Richmond Realtors assoc. survey: Housing affordability tops Richmond voters’ concerns
Housing affordability and availability are the most pressing concerns for Richmond voters, according to a new citywide survey.
Bon Secours breaks ground on new medical office building at St. Francis
Bon Secours on Wednesday broke ground on a three-story, 87,790 square-foot medical office building in Chesterfield County.
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.
