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Fredericksburg-area housing market posts modest gains in 2018

Fredericksburg-area housing market posts modest gains in 2018

by Michelle Dolby | Housing Market, Real Estate

Fredericksburg’s real estate market posted gains in total sold dollar volume and median price last year, but saw a slight reduction in units sold. The year closed out with a total sold dollar volume of $1.925 billion, which represents a 3.7 percent increase over the...
2019 Board of Directors elected to lead the Fredericksburg Area Association of Realtors

2019 Board of Directors elected to lead the Fredericksburg Area Association of Realtors

by Courtney Braman | Housing Market

FAAR is a trade association representing more than 1,500 members and 80 affiliates. The Fredericksburg Area Association of Realtors elected its 2019 Board of Directors at the FAAR Expo on Sept. 12. Read more >>
Number of age-restricted homes at Celebrate Virginia North would nearly double

Number of age-restricted homes at Celebrate Virginia North would nearly double

by Courtney Braman | Housing Market

Number of age-restricted homes at Celebrate Virginia North in Stafford would nearly double under new development proposal in South Stafford. Read more >>

Home inventory still tight in the Fredericksburg region

by Courtney Braman | Housing Market

According to a report by Long & Foster Real Estate, the number of homes on the market continued to decline in May in the midst of a strong spring home-selling climate while median sale prices rose across the Fredericksburg region. Read more >>
US population disperses to suburbs, exurbs, rural areas, and “middle of the country” metros

US population disperses to suburbs, exurbs, rural areas, and “middle of the country” metros

by Courtney Braman | Housing Market

The Census Bureau’s annual county and metropolitan area estimates through 2017 reveal a revival of suburbanization and movement to rural areas. Read more >>
US mortgage rates up for 8th week; 30-year at 4.43 percent

US mortgage rates up for 8th week; 30-year at 4.43 percent

by Courtney Braman | Housing Market, Business news

Home affordability has become increasingly challenging for a growing number of would-be buyers due to the recent jump in mortgage rates. Mortgage rates have risen steadily in January and February, marking the eighth straight week that it cost more to borrow to buy a...
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