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 28 - 30 of 249
 
Upcoming Events
RVAR's Family Fun Night on Ice
Friday, February 21, 2020 (7:00 pm)

New Member Orientation
Friday, March 06, 2020 (8:30 am)

Code of Ethics Training
Wednesday, March 11, 2020 (9:00 am)

GRI 502 - Sales Contracts
Tuesday, April 21, 2020 (All Day)

REALTOR® After Hours
Thursday, April 23, 2020 (5:00 pm)

RVAR's Lake Golf Tournament
Monday, May 04, 2020 (11:00 am)

Fair Housing Class
Friday, May 15, 2020 (10:00 am)

GRI 501 - Agency in Virginia
Tuesday, June 16, 2020 (All Day)

New Member Orientation
Friday, June 19, 2020 (8:30 am)

Code of Ethics Training
Thursday, June 25, 2020 (1:00 pm)

RVAR Golf Classic
Friday, September 11, 2020 (11:00 am)

New Member Orientation
Friday, September 18, 2020 (8:30 am)

Code of Ethics Training
Thursday, September 24, 2020 (1:00 pm)

2020 REALTOR® & Affiliates Night
Tuesday, October 13, 2020 (5:00 pm)

GRI 503 - Business Planning
Thursday, October 22, 2020 (9:00 am)

Fair Housing Class
Friday, November 20, 2020 (2:00 pm)

New Member Orientation
Friday, December 04, 2020 (8:30 am)

2020 Installation & Awards Breakfast
Friday, December 11, 2020 (8:30 am)

Archives of RVAR Publications

RVAR eNewsletters

Inman News Headlines
Six Most Recent Articles