News and Resources for the Public
REALTORS® aren’t just real estate licensees. REALTORS® go above and beyond by holding themselves to the high standards of the REALTOR® Code of Ethics while providing local area expertise. REALTORS® help their clients navigate risk, avoid pitfalls, and obtain results with integrity, professionalism, and dedication.
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Understanding and Protecting Against Spoofed Emails
In recent times, the frequency of spoofed emails designed to scam recipients has risen sharply. These emails often appear legitimate but are actually from fraudsters aiming to steal personal information. It's crucial to stay vigilant and recognize these phishing...
Price Increases Continue to Frustrate Local Buyers
The local housing market showed surprising price growth in March despite persistent year-over-year demand decreases. Median price was up nearly 8% year-over-year coming in at $449,949 this March compared to $420,000 last year. Total sold volume remained static from...
Local Real Estate Market Continues Strong Showing in February
The February real estate market continued the trend of increasing prices and falling demand, but also showed some promising signs for the those waiting for more inventory with a slight increase in active listings and a large increase in new listings compared to last...
2024 Real Estate Market Kicks Off with a Bang
The local housing market started the year out with a bang, racking up year-over-year increases in units sold and total dollar volume for the first time in nearly two years. January closed with approximately $153 million in total sales volume, an almost 8% increase...
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...
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...
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%...
Sell at Lake Anna in Louisa County? Take action against short-term rental restrictions!
Louisa County has spent the last 18 months crafting short-term rental regulations. A working group recently reported a revised version of an ordinance to the Planning Commission. This draft is the least restrictive of all that's come out of these discussions. This...
Celebrating Excellence: FAAR Honorees Shine at the 2023 Virginia REALTORS® Awards Event
Wednesday's Virginia REALTORS® awards event in Richmond was a night to remember, filled with excitement and celebration. We are thrilled to announce and congratulate our very own Fredericksburg Area Association of REALTORS® (FAAR) members who received well-deserved...
The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.
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