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Millenials Top All Home Buyers
Despite the economic and financial challenges young adults have braved since the recession, the millennial generation (ages 34 and younger) represent the largest share of recent home buyers, according to NAR's 2015 Home Buyer and Seller Generational Trends study. Millennial home buyers had a median income of $76,900 and typically bought a 1,720 square foot home costing $189,900.

The survey additionally found that an overwhelming majority of buyers search for homes online (88%) and then purchase their home through a real estate agent (87%), with millennials using agents the most.
 
Ferrum: The Most Affordable Small Town in VA

Cost of living makes a big difference when choosing where to move -- and not all places were created equal. The most affordable small town in every state has been identified by www.BusinessInsider.com. (They defined 'small town' as towns with populations between 1,000 and 10,000.)

 Ferrum has been identified as the most affordable small town in Virginia, with 94.2% of homes being deemed affordable. Ferrum was also cited as being home to Ferrum College, named one of US News' best regional colleges in the South this year.

 
REALTORS® Applaud New Net Neutrality Rules
REALTORS® welcome the passage of new rules by the Federal Communications Commission (FCC) to protect true net neutrality, which are essential to the modern business of real estate that is increasingly conducted online.

REALTORS® are pleased that the FCC will implement net neutral practices and prohibit paid prioritization, which would have created a two-tiered Internet and put REALTORS® and other small business owners at a competitive disadvantage. The new rules are a victory for consumers, and for REALTORS® who embrace technology and online resources to meet the needs of their clients.

The FCC's new rules will become effective within 60 days of their publication in the Federal Register.
 
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