Slide Show Pict
Home Sales Statistics and Predictions

The real estate market continued to be active in April, with the highest number of homes sold (437) during April since 2006. Click here for a link to the home sales statistics, along with a 4-year comparison. These statistics are based on homes listed and sold in the Roanoke Valley MLS.

Back in April, 2006, the MLS had 1,400 more residential listings than today. The average price of closed homes in April, 2017 was $204,635, about $2,000 more than in April, 2006.

The National Association of REALTORS® forecasts that single-family existing home sales will see their best year since 2006, driven by robust job gains and improving household confidence. NAR also forecasts an increase of 5% in existing home prices in 2017. NAR predicts two more rate hikes this year to bring mortgage rates to an average 4.3% by the end of 2017, and climbing towards 5% in 2018. 

 
NAR Update: Key Issues Before Congress

Several issues have emerged in the early stages of Congress that are of critical importance to REALTORS®. Click here for a short summary on each of these issues:

  • Tax Reform, with a possible increase in the standard deduction which could reduce the relevance of the mortgage interest deduction (Legislation projected for late summer, 2017)
  • National Flood Insurance Program Reauthorization, since current program expires at the end of September (Legislation projected for late spring, 2017)
  • Government Sponsored Enterprises Reform, including restructuring of Fannie Mae and Freddie Mac (No projected legislation start date)
  • GSE Guarantee Fees, with goal of reducing high G-fees (Legislation has been introduced in the House; not sure whether similar legislation will be introduced in the Senate)
Congress is in recess April 10th - 21st. Stay tuned for more updates later this spring. 
 
April is Fair Housing Month
April 2017 marks the 49th anniversary of the 1968 landmark Fair Housing Act, which prohibits housing discrimination and draws attention both to the challenges that remain in housing and the progressive achievements to ensure Americans equal access to housing options. Because community is so central to the work and lives of our members, REALTORS® are key champions of 'inviting and sustaining diversity'. Communities with broad opportunity and inclusion are the most vibrant. Please take time this April to join REALTORS® and community leaders in promoting neighborhood diversity and revitalization.
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Results 22 - 24 of 243
 
Upcoming Events
New Member Orientation
Wednesday, March 27, 2019 (8:30 am)

A Local View on Using Social Media
Tuesday, April 02, 2019 (10:00 am)

Get REal! Summit
Wednesday, April 10, 2019 (9:00 am)

Agency and Contracts Class
Thursday, April 11, 2019 (1:30 pm)

Fair Housing Class
Friday, April 12, 2019 (9:00 am)

RVAR Office Closed
Friday, April 19, 2019 (All Day)

Making Manufactured or Modular an Option
Wednesday, April 24, 2019 (10:00 am)

GRI 506 - Managing Risk
Thursday, April 25, 2019 (All Day)

REALTOR® After Hours at the Lake
Thursday, April 25, 2019 (5:00 pm)

Community Service Day - Renovation Alliance
Saturday, April 27, 2019 (8:00 am)

Tech Committee - Lunch & Learn - Apps
Tuesday, May 07, 2019 (11:30 am)

Evaluating Rental Properties
Friday, May 10, 2019 (8:30 am)

RVAR's Lake Golf Tournament
Monday, May 13, 2019 (11:00 am)

Radon in VA Real Estate
Wednesday, May 15, 2019 (9:00 am)

Economic Update
Tuesday, May 21, 2019 (8:45 am)

GRI 505 - Working with Sellers
Wednesday, May 22, 2019 (All Day)

5 O'clock Hops
Thursday, May 23, 2019 (5:00 pm)

RVAR Office Closed
Monday, May 27, 2019 (All Day)

Archives of RVAR Publications

RVAR eNewsletters

Inman News Headlines
Six Most Recent Articles