2022 has been an interesting year in the housing market. Interest rates have essentially doubled from the start of the year, sales have slowed considerably, but prices trended up all year. So, what does 2023 have in store? Let’s take a quick look at where Virginia’s housing market could be headed in the coming year.
This article is an original work of Lisa S, Chief Economist from the Virginia Association of Realtors. What do you think of when you hear the words “starter home”? Is it a small single-family home on a tidy lot? A townhouse in a new suburban development or a duplex in an up-and-coming part of the
This article is an original work of Lisa S, Chief Economist from the Virginia Association of Realtors. With that being said… With inventory setting new record lows each month, it is logical to ask why more homes aren’t being built to meet the overwhelming demand in the market. Why aren’t builders putting up more homes to