2018 Local Housing Market Posts Modest Gains

The 2018 real estate market posted gains in total sold dollar volume and median price, but saw a slight reduction in units sold.  The year closed out with a total sold dollar volume of $1.925 billion which represents a 3.7% increase over the year-end totals for 2017. ...

FEMA stops issuing flood insurance policies

FEMA surprised the housing industry by issuing guidance to its insurance agents stating that they cannot issue new policies or renew existing policies through the National Flood Insurance Program (NFIP) due to the partial government shutdown.  This will imperil any...

November Real Estate Market Sees Typical Seasonal Slowdown

The November real estate market experienced a typical seasonal slowdown with decreases in total sold dollar volume and units sold and an increase in median sales price.  Total sold dollar volume came in at $120.3 million, representing a nearly 3.8% year-over-year...

The National Flood Insurance Program set to expire on Friday

Information provided from NAR… Without Congressional action, the National Flood Insurance Program (NFIP) will lapse at midnight on Friday, November 30, 2018.  NAR is making every effort to secure a long-term reauthorization before then.  Here are the answers to...

Local Real Estate Market Rebounds Slightly in October

The October real estate market posted increases in total sold dollar volume and median price, while units sold came in at the same amount as 2017. Total sold dollar volume increased from $128.8 million in October of 2017 to $138 million in October of 2018,...
FAAR Adds Orange County to its Jurisdiction

FAAR Adds Orange County to its Jurisdiction

The Fredericksburg Area Association of REALTORS® (FAAR) added Orange County to its jurisdiction. The County was previously assigned to Greater Piedmont REALTORS® (GPR). A majority of agents who live and/or work in Orange County are already members of FAAR and...

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