Sales continue to outpace pre-pandemic levels. Pending sales continue to increase; however, they are still below pre-pandemic levels. Driven by the tight supply, home prices are rising in all local markets. New listings continue to outpace last year; however, inventory is still very low. Review the Full Report Here! Virginia Peninsula Market Indicators Report (June…
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Busy spring market in the Virginia Peninsula region compared to prior years; however, activity was relatively flat from April signaling a possible cool down.Read the Full Report Here…..Virginia Peninsula Market Indicators Report (May 2021)
Dr. Lisa Sturtevant, Virginia REALTORS® Chief Economist While it might disappoint some frustrated buyers, there is little to suggest that existing homeowners will be forced into foreclosure when forbearance periods end. There are several reasons why we should not be waiting for a foreclosure wave: The sheer number of home loans in a forbearance program…
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Read The Full Report Here…. Virginia Peninsula Market Indicators Report (April 2021)
