Richmond Real Estate News
Real Estate news for Richmond, VA continually updated from thousands of sources.
Tuesday | via Christian Science Monitor
Sales of new homes in the US surged 11.6 percent in December, according to data released by the Commerce Department Tuesday, Jan. 27, 2015. The positive signals for the US housing market in early 2015 continued this week, with new homes joining their pre-owned counterparts in a December sales rebound. Comment?
Tuesday | via The Republic
Sales of new U.S. homes accelerated strongly in December, a sign that home-buying may improve this year after a lackluster 2014. The Commerce Department said Tuesday that new home sales climbed 11.6 percent last month to a seasonally adjusted annual rate of 481,000. Comment?
Tuesday | via The Republic
U.S. home prices rose at a modest pace in November, held back by weaker sales and a limited number of houses for sale. The Standard & Poor's/Case-Shiller 20-city home price index, released Tuesday, increased 4.3 percent in November from 12 months earlier. Comment?
Thursday Jan 22 | via Inman Real Estate News
For anyone who missed out on the media frenzy when two real estate agents were allegedly caught on camera using a client's home as a "love nest, consider the case of a Richmond, Virginia real estate agent accused of raiding the kitchen pantry of a home she was showing for a bottle containing a powerful narcotic. Police said the agent is facing charges of drug possession and larceny, thanks to cameras installed by the homeowner after a pair of earrings disappeared at an open house, WTVR CBS 6 reports . Comment?
Tuesday Jan 20 | via WTVR Richmond
Henrico police charged a Richmond realtor with drug possession and larceny after a family recorded video of her allegedly stealing liquid pain medicine while showing their home. "It was a little bit scary," said Emma Sonck, who was prescribed the medicine when she got her wisdom teeth removed. Comment?
16 hrs ago | via The Virginian-Pilot
A New York man was sentenced Wednesday to more than 14 years in prison on charges he helped orchestrate an elaborate ID theft ring that involved multiple burglaries of mortgage offices. Jeffrey "Lef" Washington, 30, pleaded guilty last year to one count each of conspiracy to commit bank fraud and aggravated identity theft. Comment?
Yesterday | via Hampton Roads Daily Press
Realtors sold 22,968 homes during the fourth quarter of 2014, according to a recent report released by the Virginia Association of Realtors . That's a 2.3 percent increase over the 22,458 residential units sold during the fourth quarter of 2013. Comment?
Tuesday | via Hampton Roads Daily Press
It took less than five minutes for a House of Delegates committee to kill a bill to shut down a kind of high interest rate loan that keeps piling on debt even when borrowers make their basic monthly payments. "The first time I tried, I couldn't even get a motion. Comment?
Thursday Jan 15 | via Business Journal
Northern Virginia's housing market followed a national pickup in activity in December, with sales up 10.6 percent from a year ago. The Northern Virginia Association of Realtors says prices were also up from a year ago, with the average home sale price in December of $572,712, up 3.25 percent. Comment?
Thursday Jan 15 | via JD Supra
In Virginia, class action lawsuits are not permitted in state court.  This limitation, however, does not mean that companies doing business in Virginia are not defending class action lawsuits in Virginia. Comment?
6 min ago | via Seeking Alpha
I've been thinking a lot about the latest on oil as it continues to crater. Are falling prices reflective of oversupply or weak demand? What are the implications for the global growth outlook? On one hand, its weakness could be attributable to excess supply due to a Saudi decision to continue producing for economic and political reasons. Comment?
7 min ago | via Alabama Live
The housing market has rebounded in many ways but there are still spots where a number of people still have negative equity in their house. In Alabama, there's one spot where there's a particularly high concentration of people whose home value is less than their remaining mortgage. Comment?
11 min ago | via The Globe and Mail
The Bank of Canada's surprise rate cut is ignite the spring market and nudge prices up farther. The Bank of Canada's surprise rate cut is ignite the spring market and nudge prices up farther. Comment?
13 min ago | via Philly.com
In less than a month in office, the 114th Congress' ruling Republicans, with help from some Democrats, are showing they're on a mission to undo and delay even the most sensible measures put in place to prevent another financial meltdown. The House has voted to postpone the effective date of the Volcker Rule, for instance, which restricts certain high-risk bank investments, from 2017 to 2019. Comment?
21 min ago | via Mortgage News Daily
Bottom Right Default State Name: State Name underscore: State Name dash: State Name lower underscore: State Name lower dash: State Name lower: State Abbreviation: State Abbreviation Lower: If you've been following the MBS Commentary, you know what a big deal this afternoon could be . Markets have been preparing for it for weeks and MBS Live members have been on top of those movements every step of the way. Comment?
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