#MemberMonday Meet REALTOR® Kendric Walpole

#MemberMonday Meet REALTOR® Kendric Walpole

The Fredericksburg Area Association of REALTORS® Member Spotlight feature allows members of the community to get to know each other before working with each other in a transaction. Each member answers a series of questions to reveal more about themselves as people. ...

2023 Housing Market Plagued by Low Inventory, Volatile Interest Rates

The local housing market finished the year with low inventory, high prices, and falling demand, trends that started in 2022 and accelerated throughout 2023.  “The real estate market in the Fredericksburg area saw a continuation of low inventory issues in 2023,” states...

FAAR Welcomes the 2024 Association Leadership Team

The Fredericksburg Area Association of REALTORS® (FAAR) celebrated the installation of its 2024 Board of Directors at Stevenson Ridge on December 7, 2023. The Association under the leadership of 2023 President Carol Sondrini of Berkshire Hathaway HomeServices PenFed...

November sees same trends hold in local real estate market

As 2023 draws to a close, the Fredericksburg regional housing market is experiencing much of the same as the last few months. Prices continue to rise against a backdrop of falling demand, stubbornly low housing supply, and volatile interest rates. Total sold dollar...

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...

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