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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.
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.
Registration & Driving range open at 10:30 am
Lunch with shot gun start at 12 pm.
Buffet dinner with prizes and auction follows.
Per golfer - $100
Save $ if your 4some registers at the same time.
Some non-golfer events will be available. Non-golfers are welcome to attend buffet dinner for a charge.
Registration form will be available by April 1.
For more details, call WAAR 757.253.0028
Virginia’s typical seasonal decline has set in. November sales and prices were down and there were no changes in unemployment or interest rates to counter-act this seasonal trend. Year-over-year metrics are also down since Virginia experienced an unusual uptick in sales last November (a break from tradition as shown in graph below). Nonetheless, Virginia’s housing market is poised for full recovery and there are a number of reasons to look forward to next year. First, the U.S. Census reported increased housing starts in November, especially in the U.S. South which includes Virginia.