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US housing market shifts toward buyers as prices cool
The U.S. housing market is cooling, with more listings, slower price growth, and seller concessions—though affordability remains limited.
Amazon to build $16M+ distribution center in Amherst
Amazon.com Services has selected Amherst County for the site of a new 78,000-square-foot distribution facility.
US 30-year mortgage rate dips to 6.5% amid housing slump
The average 30-year mortgage rate fell to 6.5%, down from 6.56% last week. Lower rates may boost buyer power but housing sales remain weak.
Virginia multifamily housing market shows signs of cooling
Virginia’s multifamily housing cools with fewer new units, slower rent growth, and higher construction costs.
30-year mortgage rate steady at 10-month low
The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate was unchanged from last week at 6.58%, mortgage buyer Freddie Mac said Thursday. A year [&he[...]
Former Tyson Foods plant in Hanover sells for $5M
The former Tysons Food plant in Hanover County sold for $5 million.
Days houses spend on market increases across Virginia
Houses are spending longer on the market than during the same period last year in Northern Virginia, Hampton Roads and Central Virginia. However, median sales prices in all three regions have increased over 2024. Northern Virginia The Northern Virginia Association of Realtors reports that 1,612 units were sold in July — a 1.6%[...]
Homeowners turn to cash-out refinancing to take advantage of big gains in home equity
U.S. homeowners are cashing in on record equity, pulling an average $94K via cash-out refis despite high mortgage rates.
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[...]
