News and Resources for the Public
Discrimination and bias have absolutely no place in housing
FAAR applauds the strong stance the National Association of Realtors® is taking on fighting discrimination and bias in the housing industry and echoes NAR President Vince Malta's recent comments on HUD's proposed changes that weaken the disparate impact rule. "NAR is...
Big story from Q2 real estate statistics? There are no homes! Check out the full report…
It's clear that real estate has weathered the COVID-19 pandemic storm very well up to this point. Some Realtors® are having the best year of their career, but how long can the hot market last? Mortgage rates are expected to stay low and there is a glimmer of hope...
Summer Selling Season is in Full Swing
Real estate market continues to power on despite ongoing pandemic The summer selling season is in full swing in the Fredericksburg area with June real estate statistics blowing 2019 out of the water. Total sold dollar volume increased by 42% fueled by a nearly 8%...
VAR Chief Economist Checks Her Crystal Ball for FAAR
Despite the fears of many that the real estate industry would see swift and severe impacts from COVID-19, the last three months all posted strong numbers by any account, but especially in this time of upheaval. March saw sold dollar volume up 30%, units sold up 20%,...
Real Estate Market Holds Steady in Wake of Continued Pandemic Impact
Numbers hold steady, but inventory challenges hamper sales The big story coming out of May real estate numbers is the dire situation the market is facing in terms of seriously constricted supply. At the end of May, there were just 964 homes on the market for buyers...
A Statement from the FAAR President and FAAR CEO
REALTORS® are passionate about helping people find a home. A safe place free from discrimination, fear, and pain. As we become more accepting of our differences, FAAR is committed to supporting our members and the community by renewing its focus on promoting Fair...
How happy are area residents? Very happy!
FAAR Releases 2020 Fredericksburg Area Smart Growth Survey In early 2020, FAAR contracted with the National Association of Realtors® to conduct a survey on growth and development attitudes in the Fredericksburg region. The survey was conducted by the firm American...
Local Real Estate Market Surges Despite Significant Restrictions
While continued governmental restrictions shutter businesses and completely change the way Americans operate in their day-to-day lives, the local real estate market bucked national trends and posted increases in volume, sold price, and units sold. While national news...
FAAR Releases 2020 1st Quarter Home Sales Report
How things have changed from January and February! COVID-19 crashed into our market in mid-March and virtually ground life as we know it to a halt, so how did that impact the local real estate industry? The first quarter of 2020 was strong, with increasing volume...
Have at-risk homeowners reaching out for help? NAR has a great resource for you!
A new resource from NAR gives associations and members a tool to help homeowners who are struggling to meet their loan obligations due to COVID-19. The Protect Your Investment brochure offers guidance on working with trusted professionals like REALTORS® and housing...
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.