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Wednesday, February 8, 2023

Real Estate

New-home sales rise despite higher costs of materials

Strong demand stemming from low interest rates, favorable demographics and a shift to smaller, more affordable housing markets helped to lift new-home sales in January, but rising lumber and material costs threaten to blunt the momentum. Sales of newly built,...

Vaccine rollout could keep real-estate market hot

An increase in those availing themselves of the COVID-19 vaccine is likely to add more buyers and sellers to an already red hot real-estate market. A new survey from Zillow finds 70 percent of homeowners say they would be comfortable...

Builder confidence solid despite lumber, legislative concerns

Strong buyer demand helped offset supply-chain challenges, a surge in lumber prices and the threat of increased regulation, as builder confidence in the market for newly built single-family homes inched up slightly in February to 84 on a 0-to-100...

Home-builder confidence faces headwinds, but stays strong

Strong buyer demand helped offset supply-chain challenges, a surge in lumber prices and the threat of increased regulation, as builder confidence in the market for newly built single-family homes inched up slightly in February to 84 on a 0-to-100...

Va. home sales start year off strong

Home sales and median sales prices continued their upward trajectory across nearly all areas of the commonwealth, with smaller and more rural areas faring best and the market for condominiums trailing. A total of 8,806 properties went to closing during...

Vaccine rollout expected to further boost home sales

An increase in those availing themselves of the COVID-19 vaccine is likely to add more buyers and sellers to an already red hot real-estate market. A new survey from Zillow finds 70 percent of homeowners say they would be comfortable...

Arlington board OKs residential-parking-permit revamp

It took three years and, in the end, left very few in the public completely satisfied. But on Feb. 20, Arlington County Board members adopted changes to how new residential-parking districts are set up and how the system is...

Single-family sector leads N.Va. homes market

Led by a hot-hot-hot single-family market, Northern Virginia homes sales were up nearly 30 percent in January compared to a year before, while average and median sales prices also continued to rise. “Demand for single-family homes is increasing and competition...

Think local homes are costly? Look at California …

The Washington region sits in the upper part of the middle of the pack when it comes to the household income needed to purchase a single-family home. Washingtonians would need income ranging from $77,058 per year to $91,507 per year,...

Region sees another bump up in median home sales

The median sales price of single-family homes across the Washington region rose 10.9 percent from a year before in the fourth quarter of 2020, according to new data from the National Association of Realtors (NAR). That is not quite a...
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Latest News

New School Board member receives liaison assignments

New Arlington School Board member Bethany Sutton has her assignments. School Board members on Feb. 2 are expected to approve...
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