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Home Sales Headed for Best Year Since 2006

Lawrence Yun, Chief Economist of the National Association of REALTORS®, forecasts home sales to come in at their highest pace since 2006. "The good news is that pending sales in recent months have remained stable and should support a modest gain in home sales heading into the summer." Yun describes the absence of first-time buyers as the missing link to a full housing recovery. He reports that the housing market has come a long way since the depths of the recession. Mortgage delinquency rates have subsided to near pre-crisis levels and home prices have rebounded substantially in a majority of metro areas, which in turn has boosted household wealth for many homeowners.

 

 
Roanoke Region Earns High Marks

Southern Business & Development had plenty of praise for the Roanoke Region in its annual "Best of Economic Development in Virginia" feature this month. Here's a look at places that made the list:

  • Virginia's Best Community Colleges for Workforce Training: Virginia Western Community College
  • Best Tech Hubs in Virginia: Roanoke
  • Best Data Center Locations in Virginia: Roanoke County
  • Best Locations for Biosciences in Virginia: Roanoke
  • Virginia's Best Large Market Economic Development Agency: Roanoke Regional Partnership
  • Best Places to Retire in Virginia: Roanoke
  • Virginia's Best Sporting Events: Virginia Tech Football
  • Best Three Restaurants in Virginia: Alexander's (Roanoke)

Thank you to the Roanoke Regional Partnership for sharing this good news!

 

 
April is Fair Housing Month

April, 2016 marks the 48th anniversary of the 1968 landmark Fair Housing Act. The Fair Housing Act prohibited housing discrimination on the basis of race, color, national origin, religion, sex, familial status or handicap. Every April, REALTORS® celebrate Fair Housing Month to reaffirm their continuing commitment to fair and equitable treatment and a professional level of service for all in their search for real property.

Additional fair housing respurces are available from the National Association of REALTORS®

 
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