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REALTOR® Confidence Index
The National Association of REALTORS® has just released the results of its survey of 50,000 REALTORS® nationwide regarding local market conditions.

The survey results indicated a broad uptick in confidence and market activity. REALTORS® reported more buyer activity in their markets on the heels of lower mortgage rates but not enough inventory to match demand. Inventory was reported as low in most areas, especially for "fresh" and "affordable" listings. A lower than normal level of new construction contributed to the lack of inventory.

Looking ahead at the spring market and the increased buying interest, REALTORS® were broadly optimistic about the outlook for the next six months, based largely on the positive effect of low mortgage rates and lower mortgage insurance premium payments.
 
Roanoke: Top 10 Affordable Retirement City

Kiplinger has named Roanoke one of the 10 most affordable retirement cities (out of 200 cities considered.) In making its selection, Kiplinger placed particular emphasis on reasonable price tags for the two biggest retirement budget-busters -- health care and housing. They also looked at states' tax burdens on retirees.

Roanoke's cost of living for retirees is below average in every category. In fact, groceries are the most affordable of all cities cited, at 8.3% below average. Health care and housing are also very affordable -- 5.5% and 13.7% less than the U.S. average, respectively.

 
Suspicious Activity Warnings

Warnings are going out statewide regarding several instances of suspicious activity focused on female agents.

VAR is warning agents to be aware of a man who is persistently calling female agents in southern and central Virginia, to show properties in remote places, at night, refusing to meet during the day, refusing to meet in a public location or at the agent's office. No identifiable caller ID appears on the agent's phone.

RVAR has just been alerted to a similar scenario which took place recently in Franklin County involving a female RVAR member. The caller was female, using the name Angie (supposedly calling on behalf of herself and her husband), claimed to be a cash buyer, who wanted to meet the agent at the property. She refused to meet at the agent's office. The phone number provided by the caller to the agent did not work.

Your safety is important. Stay alert to any suspicious activity such as described above. Whenever meeting an unknown buyer, insist on meeting at your office or at a public location. Should you ever feel in danger, notify law enforcement.

This information was provided to RVAR by the Virginia Association of REALTORS and an RVAR Broker. This information is being provided as a service and has not been verified by RVAR.

 
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