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Roanoke MSA Lowest Unemployment Since November 2008

New unemployment figures confirm the recovery is strengthening in Roanoke, which just experienced its lowest level of unemployment since November, 2008 and the lowest December figures since 2007. Unemployment figures from the Bureau of Labor Statistics show there were 1,591 fewer unemployed in the Roanoke metro area in December, 2013 when compared to December, 2012.

Last year appears to have been a good year for Roanoke's economy. Data on economic growth revealed Roanoke outpaced 75% of metros in gross metro product growth in 2012. Regional employers have responded by adding jobs to meet growing demand. Consumers have responded as well: 2013 home sales were at their highest level since 2007 in terms of number sold.

Thank you to the Roanoke Regional Partnership for sharing the positive news!

2013 Profile of Buyers and Sellers

Did you know that...

  • The typical homebuyer in 2013 searched for 12 weeks, and viewed 10 homes before purchasing?
  • The typical home purchased had 1,900 square feet of living space, and was built in 1992?
  • The typical homeseller lived in their home for 9 years before selling?

Each year the National Association of REALTORS® gathers detailed information about the buying and selling experience.  Click here for a one page snapshot of the key survey findings.

NAR Presents Health Insurance Overview

NAR President Steve Brown presents a simple overview of the requirement to have health insurance by March 31, 2014, under the Affordable Care Act. This 10-minute video reviews various options, including the REALTORS® Insurance Marketplace.

NAR President speaks on Healthcare

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