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...
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...
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...
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...
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...
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...
