News and Resources for the Public
More of the Same in the Fredericksburg-area Real Estate Market
The local real estate market continues to experience high transaction volume, low inventory, and rising prices. As summer faded into early fall, inventory shrunk to just under one month of supply. A healthy, balanced market is generally considered to have a 6-month...
Virginia REALTORS® Announces 2020 Good Neighbor Award Recipients
RICHMOND, Va. (October 1, 2020) – Virginia REALTORS® celebrates its 2020 awardees. The association conducted its annual awards ceremony through its first-ever virtual awards show on September 30, 2020. The ceremony recognized excellence in various areas of real...
Topside Federal Credit Union supports community in the fight against fraud
Local Credit Union hosts 4th Annual Shred Event DAHLGREN, VA (September 28, 2020) – Topside Federal Credit Union, the area’s largest locally-owned credit union, is committed to helping the community properly dispose of sensitive data. Topside FCU’s latest free Shred...
No Slow Down in the Fredericksburg-area Real Estate Market
The local real estate market shows no sign of cooling as summer draws to a close. Total sold dollar volume was up over 30% from last year, coming in at approximately $281.3 million this August compared to $215 million last August. The region’s median price increased...
Stafford County Downzoning: What YOU need to know
What’s happening? The Stafford County Board of Supervisors is anticipated to consider downzoning properties in the A-1 zoning category. Under current regulations, landowners are permitted to subdivide their acreage into minimum lot sizes of 1 home per 3 acres. The...
Fredericksburg Area Real Estate Market Continues to Sizzle
The local real estate market continues to sizzle fueled by plummeting inventory and skyrocketing demand as many prospective buyers look for more space, more yard, and more in-home amenities like pools and playscapes. Total sold dollar volume was up over 30% from last...
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%,...
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.