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RVAR Endorses Candidates in Roanoke City and Salem
RVAR’s Board of Directors has endorsed candidates in the upcoming elections for Roanoke City and Salem City council races. All the candidates were invited to participate and interview questions focused on job growth / creation, top priorities facing the two Cities, assets and challenges, and regional cooperation. Salem has three candidates vying for two seats and Roanoke has 10 candidates running for three seats. Each endorsed candidate will receive a $1000 RPAC contribution.

Salem City Council Endorsed Candidates
Photos of endorsed candidates
Randy Foley
John Givens

Roanoke City Endorsed Candidates
Photos of endorsed candidates
Freeda Cathcart
Ray Ferris
David Trinkle    
Special thanks to RVAR’s Governmental Affairs Committee and the members of the interview panels for their efforts to conduct interviews for these contested races. If you live in either of these two Cities, please remember to vote on Tuesday, May 6th !

NAR and To Launch Mega Ad Campaign

The National Association of REALTORS and have announced a joint media blitz campaign, including national television and radio advertisements. The goal is to combine the influence of each to reach a far broader audience than before. The campaign will promote REALTORS and as the optimal sources for "timely, accurate and comprehensive information and sound, trusted advice."

Zillow and Trulia, which have overtaken as the leading national real estate search portals, are also conducting national marketing campaigns to grown their consumer audience.

Sunnier Days Ahead in Housing, Freddie Says

The housing market is stronger today than at any point since the Great Recession and has made progress in several key areas after hitting bottom in 2009, Freddie Mac repoorts in a blog post looking at the state of the housing market heading into spring.

Home sales are up 13% since their low point and are predicted to rise about 3% in 2014, Freddie Mac reports.  The agency also reports that housing starts are up 50% since hitting bottom. Freddie Mac is predicting a nearly 20% increase in new-housing starts in 2014, "which will begin to help ease tight inventories in many markets."

Housing prices have also been on the upswing, about 16% higher than their bottom in 2009. Freddie Mac expects home values to continue to rise this year, but at a more moderate 5% pace. Freddie Mac is also forecasting mortgage rates to rise about a half-percentage point during the year to around a 5% average by the end of the year.

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