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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.
Average US long-term mortgage rate rises to 6.26%
The average rate on a 30-year U.S. mortgage edged higher for the third week in a row, though it remains close to its low point this year. The average long-term mortgage rate ticked up to 6.26% from 6.24% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.84%. Three weeks […]
US existing home sales rise as mortgage rates ease
Sales of previously occupied U.S. homes increased last month to the fastest pace since February as lower mortgage rates helped pull more homebuyers into the market. Existing home sales rose 1.2% in October from the previous month to a seasonally adjusted annual rate of 4.10 million units, the National Association of Realtors sai[...]
NSF to remain in Alexandria, but in a smaller building
The National Science Foundation new headquarters will be located in Alexandria on the same campus as the U.S. Patent and Trademark Office
Housing inventory rises in major Virginia markets
Home inventory rose across Northern, Central Virginia and Hampton Roads in October, giving buyers more choices.
30-year mortgage rate edges up to 6.24%
U.S. mortgage rates rose to 6.24%, their second straight weekly increase, though they remain near this year’s lowest levels.
Trump says 50-year mortgages would be no ‘big deal’
Trump calls 50-year mortgages minor, saying longer terms reduce monthly payments but delay homeownership and equity buildup.
Harbor Group International buys Virginia Beach apartments for $86M
Harbor Group International announced that it has acquired a 480-unit garden-style apartment complex in Virginia Beach for $86 million.
Richmond Northside apartments sell for $45M
A 224-unit apartment complex in Richmond’s Northside neighborhood sold for $45.02 million in late October.
Scale AI to open Crystal City office in December
Scale AI will relocate from Washington, D.C., to Crystal City, opening a 22,000-square-foot office as part of a national expansion.
Industrial park near Richmond airport sells for $142M
An eight-building industrial park near the Richmond International Airport sold for $142 million, according to news releases this week.
