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Roanoke Region Offers Lowest Cost of Living in VA

When it comes to cost of living, Roanoke offers the best value of any metro in Virginia! Cost of living information is an important tool for individuals and businesses. It provides a baseline comparison for how far a dollar will go. And in the Roanoke Region, your dollar stretches further.

Annual numbers released by the Council for Community Economic Research for 2016 rank the Roanoke metro area as the 55th lowest cost metro in the nation with costs lower than 80 percent of participating metros. With an index of 89.1, costs in Roanoke are lower than the national average of 100.

The numbers put Roanoke well below the national average for costs and ahead of similarly sized metro markets in the South such as Richmond (94.3), Asheville (95.6) and Chattanooga (95.7). New York City ranked highest in cost of living with an index of 227.8.

The Cost of Living Index measures regional differences in the cost of housing, utilities, grocery items, transportation, health care and miscellaneous goods and services.

Thanks to the Roanoke Regional Partnership for sharing this good news!

 
NAR Focused on New Congress

The National Association of REALTORS® is gearing up for what is expected to be a busy first three months of the legislative session as a new Congress and new Administration tackle a number of priorities affecting real estate.

Health Insurance Reform: NAR is prepared to represent the interests of REALTORS® and real estate companies as the debate to repeal and replace the Affordable Care Act begins. NAR favors retaining certain aspects of existing laws that benefit REALTORS® -- including not letting insurers deny coverage to people who have a preexisting condition, preventing insurers from charging markedly different premiums based on factors such as age, gender and health status, and allowing people to keep their children on their plans up to age 26.

Tax Reform: NAR's priority is to preserve longstanding tax incentives for home ownership and real estate investments, including the mortgage interest deduction and property tax deductions. On the commercial side, preserving 1031 like-kind exchanges is paramount.

Flood Insurance: Another pressing priority for NAR will be getting the National Flood Insurance Program reauthorized before it expires at the end of September. NAR is seeking another long-term reauthorization combined with additional reforms to increase the accuracy of flood mapping, provide financial assistance for more homeowners to mitigate their risk before a flood occurs, and develop a more robust private insurance market.

 Click here to read more about NAR's legislative efforts.

 
Chandler Installed as RVAR President

Kathy Chandler of MKB, REALTORS was installed as RVAR's President on December 9th at RVAR's Installation and Awards Breakfast. Also installed was Connie Hash of MKB, REALTORS as President-elect.

Five Directors were also installed: Bitsy Davis of Long & Foster, REALTORS; Ashley Donahue of Wainwright & Co.; Becky Fields of BHHS Premier, REALTORS; Jeff Fletcher of BHHS Premier, REALTORS and Renee Wiggins of RE/MAX All Stars Realty. Your 2017 Board of Directors stands ready to serve you!

 
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