Virginia finishes 2013 strong

Virginia home sales were 7.58% higher in December 2012 than in December 2013, making a strong finish for the year.  Compared to the previous three years, Virginia sales were higher in every month of 2013 except for November when sales dipped below 2012 levels. Despite a slow pace in November, quarter four sales were up 2.86% year-over-year. Year-over-year increases in sales are evidence of Virginia’s strong and consistent market recovery.

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Freddie Mac dispells short-sale myths

The short sale is an important tool for helping distressed homeowners avoid foreclosure and eliminate their mortgage debt, however they can still be a bit of a mystery for borrowers. There are misconceptions and there are little-known facts.

Freddie Mac senior vice president Tracy Mooney has a detailed blog post dispelling some of the more common myths about short sales.

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