“Dare to Dream” in recognition of National Homeownership Month

Dare To Dream“Dare to Dream” in recognition of National Homeownership Month

 

June is National Homeownership Month – a time for special recognition of the impact of owning a home and achieving a cornerstone of the American Dream. Homeownership is powerful for individuals, communities, and our economy. Not only does owning a home afford families a space of comfort, it helps build financial security through equity and create leverage for future investments. Homeownership creates residential longevity that strengthens communities through stable local spending, civic engagement, and the revenue of real estate taxes for improvements to roads, utilities, and schools. Our economy benefits when homes are bought and sold and from the financial capacity that families and communities gain through home ownership. Bankers, insurers, retailers, decorators, landscapers, and movers are just a few of the business people that thrive through home ownership; add to them the restaurants, shops, doctors, and services near where people live and it’s easy to see that homeownership is an enormous benefit to everyone.

 

Join Virginia REALTORS® in sharing the impact of homeownership – it’s the best investment in our future.

#REALTORSloveVA  #VirginiaREALTORS #OwntheDream #WeAreTheR-Peninsula

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Wire Fraud Alert for Buyers

NAR General Counsel Katie Johnson has made a video to help educate buyers about how to avoid being caught up in a wire fraud scam during their purchase of a residence.

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Spruce Up and Save This Spring

Spruce UpAs warmer temperatures approach and activity quickens in the residential real estate market, Virginia REALTORS® can offer tips on maximizing home value and comfort. The spring season provides a natural chance to refresh landscaping and invest in exterior projects, reorganize the interior living space, and also to consider a home’s energy efficiency.  Some simple fixes can mean big savings for homeowners.

 

“Sprucing up a home is a smart way to add value, whether you are in the market to sell or are simply enhancing your own living space,” says 2016 VAR President Bill White. “REALTORS® can offer insights on maximizing the investment in springtime home improvements, and can also educate buyers on seeking features that may have the best long-term value.”

 

Visit the Commonwealth Daily post here: http://bit.ly/1S4exTP

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November residential sales continue growth trend

Virginia experienced year-over-year increases in residential home sales and median sales price in November 2015, continuing a trend of market improvement. Year-to-date sales through November 30, 2015, account for more than $32.02 billion in sales volume. Relative to the same year-to-date period for 2014, the value of sales transactions has increased by 11.7 percent. The number of sales closed in November 2015 was 3.3 percent higher than for that of the same month in 2014. November 2015 median sales price ($251,500) was slightly higher than November 2014 ($250,000) and 2 percent higher than November 2013 ($245,000). Days on the market declined more than 2 percent from last November. For the full November Home Sales Report, click hereVirginia Sales Nov. 15.

 

 

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Third Quarter Home Sales Report indicates significant year-over-year gain

The Virginia Association of REALTORS® Third Quarter 2015 Home Sales Report indicates a rise of 11 percent from the same period last year, with a significant increase in volume and a slight increase in median price. There have been four consecutive quarters of increased volume. The pace of sales has quickened by nearly 7 percent from the same period last year. Third quarter sales represent over $10 billion in transactional value, contributing to a year-to-date volume totaling $27 billion. The median sales price has risen to $265,000, an improvement of 2.3 percent from the same period last year. Performing ahead of the national rate, the continued decline in Virginia’s unemployment rate to 4.3 percent in September may contribute to buoyed consumer confidence and, along with continued low interest rates, may encourage buyers into the market.

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