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Key Virginia markets see year-over-year home sale increases in March
Housing markets across Northern Virginia, Central Virginia and Hampton Roads posted year-over-year sales gains in March.
$450M Navy housing project in Newport News slated to begin this summer
Newport News Mayor Phillip Jones announced Monday that a $450 million downtown development is expected to begin construction this summer.
$132M redevelopment of former Greyhound station in Richmond planned
New York firms are planning a $132 million redevelopment of the former Greyhound bus station site in Richmond.
US existing home sales drop to nine-month low in March amid tight supply
U.S. existing home sales dropped to a nine-month low in March due to tight inventory and rising mortgage rates, impacting housing affordability.
Harbor Group International to purchase 11 multifamily properties for $562M
Harbor Group International plans to purchase 11 multifamily properties from Virginia Beach-based AH Realty Trust for $562 million.
Virginia sees homes sales growth in February
Virginia home sales climbed in February as improved inventory and lower mortgage rates boosted buyer activity, according to Virginia Realtors.
US mortgage rates jump to 6.57%, highest since August, MBA says
Mortgage Bankers Association reports US 30-year fixed mortgage rates jumped to 6.57%, highest since august, driven by inflation fears and middle east tensions.
Kuhn buys industrial park in Manassas for $90M
JK Land Holdings purchased the 240,000-square-foot Redstone Industrial Park in Manassas from Dogwood Industrial, expanding its industrial real estate portfolio.
Construction underway on $144M Richmond apartment building
Hoffman & Associates and DeBartolo Development broke ground on a $144 million project in Richmond that will add 366 apartments.
Capital One buys $125M property in Tysons
A Capital One-linked entity acquired $125M in Tysons properties across from its headquarters, which is in the Scotts Run area.
US new home sales drop to near 3 1/2-year low in January
US new home sales dropped 17.6% in January to their lowest level since October 2022, impacted by severe winter weather and rising mortgage rates.
Housing market sees gains in February, but Iran war could disrupt momentum
Housing markets in Northern Virginia, Central Virginia and Hampton Roads posted modest year-over-year gains in February.
