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Virginia sees home sales decline across major markets
Inventory climbed in both Hampton Roads and Northern Virginia in November, but fewer deals closed as home sales declined.
U.S. Mortgage Rates Tick Up to 6.22% but Stay Near Lows
US mortgage rates inched up to 6.22% but remain near yearly lows as refinancing surges and economists expect rates to stay just above 6% next year.
Chesterfield Towne Center sells to New York, Swiss companies
Chesterfield Towne Center, the largest enclosed mall in the Richmond area, was sold on Dec. 12 to JRE Partners and Anastacia AG for an undisclosed amount.
New York company buys Chesapeake apartments for $34.8M
Fairstead is investing $34.8 million to acquire and renovate Landmark Apartments, a 120-unit affordable housing complex in Chesapeake.
US mortgage rates fall to 6.19%, nearing yearly low
U.S. mortgage rates dropped to 6.19%, the lowest since October, boosting buying power as Fed rate cuts loom and housing demand improves.
TTR Sotheby’s reshapes executive team
TTR Sotheby’s International Realty names a new CEO and president and COO as longtime leader Mark Lowham becomes chairman.
Apartment-style hotel coming to Hampton in 2026
North Carolina-based stayApt Suites plans to open a 103-suite hotel in Hampton, with an expected opening in summer 2026.
Federal agency boosts size of most single-family loans the government can guarantee to $832,750
FHFA will raise the 2026 conforming loan limit to $832,750 for most US homes, reflecting higher prices. High-cost areas like LA and NYC will exceed $1.24 million
New limits for a rent algorithm that prosecutors say let landlords drive up prices
RealPage agreed to a DOJ settlement banning its rent-pricing software from using real-time confidential data, after allegations of illegal algorithmic collusion.
Penzance breaks ground on new AWS data center in Chantilly
Penzance has begun building a 45MW data center in Chantilly that will be fully leased and operated by AWS, with completion expected in 2027.
Virginia housing market showed momentum in October
Virginia’s housing market picked up in October, with buyers taking advantage of lower mortgage rates and a larger selection of homes.
New York firm buys Chesapeake apartments as part of $58.2M portfolio
Newbrook Capital Properties announced this week it has acquired a 340-unit portfolio in the Virginia-North Carolina region for $58.2 million.
