Highlights from NAR’s 2014 Profile of Home Buyers and Sellers: 33% of recent home buyers were first time buyers, which is still suppressed from the historical norm of 40% among primary residence buyers. For 43% of home buyers, the first step in the home-buying process was looking online for properties. 12% of home buyers first […]
As your real estate expert, be first to hear the inside real estate market scoop on our local Hampton Roads real estate market. Wow! Interest rates are LOW!! Over the past week, rates have dropped a percentage, averaging between 3.25%-3.50%. The rate on a 30-year fixed-rate mortgages in Freddie Mac’s survey averaged 3.97% in […]
The Peninsula real estate market for March 2014 shows some interesting trends: Months supply of inventory is 6 months Median sold price has decreased 12.5% over the last 12 months to $152,500 Average market time is 101 days Percentage of sold price to list price is 96.98% Closed sales are also down 25.4% […]
Peninsula Market Watch for January 2014 – The market is continuing to improve and balance. But even better than that, Liz Moore and Associates has shown an even larger margin of market improvement here on the Peninsula! Hampton Roads Real-e-statement is written by Alyssa Godwin, a Realtor with Liz Moore and Associates. For questions regarding […]