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NAR Applauds CFPB Extension to October 1st

The National Association of REALTORS applauds the Consumer Financial Protection Bureau's announcement of a two-month delay for implementation of the new Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure (TRID) regulation, which will affect the loan application and settlement process.

In a statement from NAR President Chris Polychron, "The action announced by the CFPB is a welcome step.  NAR has long advocated the need to avoid implementing the new regulation during the peak summer selling season. NAR appreciates the CFPB's extension to October 1, 2015 as well as the earlier 'sensitivity' they offered to companies making a good-faith effort to comply with the new TRID regulation."

Floyd Named One of Best Southern Small Towns

USA Today just announced the results of its "10 Best Southern Small Towns" contest.

Congratulations to Floyd, the #9 best Southern small town, noted as a popular stop along the Blue Rdige Parkway and as an artists' enclave with many galleries, studios and events.

Congrats also to Abingdon, the #2 best Southern small town, noted for its historic downtown, the Barter Theatre and the Virginia Creeper Trail. 

Check out all 10 winners of this USA Today contest.

Roanoke: Top Market for Starting a Business

Roanoke was ranked among the top markets for starting a new business by the site Ranked 22nd out of 183 metro markets considered, Roanoke was the top market in the state of Virginia.

The ranking was based on performance in several business and economic metrics. Approximately 60 percent of the score was based on the business environment including average business revenue. Around 40 percent of the score was based on overall economic conditions and included median income, median annual housing cost and the unemployment rate.

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