Prices continue to rise despite falling demand in housing market

The regional median home price was up again in October, despite shrinking demand heading into the winter season.  The median sold price settled at $440,000 this month compared to $425,000 in October of 2022, representing a nearly 4% year-over-year increase.  Units...

2023 Election Night Wrap Up

Election 2023 saw many successes for Democrats across the state and a change in party control of the House of Delegates.  Many were calling this election a referendum on the performance of Governor Glenn Youngkin and if that’s true, the results indicate that about...
2023 Cereal Drive Results

2023 Cereal Drive Results

REALTORS® and Affiliates members did a tremendous job of seeking out cereal this year! Members and friends ended up collecting 18,639 boxes of shelf-stable food for our community. Who won? Affiliate collecting the most boxes Nationwide Mortgage Bankers – 400...

Inventory Low, Prices High in the Local Housing Market

The weather might be cooling off, but local home prices certainly are not.  The region’s median sold price was up nearly 4% in September coming in at $435,000 compared to $420,000 last September.  Volume of sales continues its downward trend posting a nearly 17%...

Meet FAAR’s endorsed candidates for the November 7 election!

City of Fredericksburg  Kerry Devine, MayorCity of Fredericksburg, City Council Kerry is a 20-year resident of the City and will focus on continuing the great things that have been started.  She has served on the Council for many years and is a long-time educator in...

Final Louisa County Short-term Rental Ordinance

Last Monday, October 2, the Louisa County Board of Supervisors passed short-term rental (STR) regulations on a 5-2 vote after nearly two years of debate and discussion.  The ordinance provides STR operation by-right in residential areas if certain conditions are met. ...

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