Category: Infographics

Hampton Roads Real Estate Market Performing Well Compared to National Numbers

Real estate is still moving up, both nationally and here in Hampton Roads. Here are some of the highlights from our monthly market report: Hampton Roads homes sales in April were 1,951 up 2.5% month-over-month and up 11.9% year-over-year. Hampton Roads pending home sales increased month-over-month 10.4%. The Peninsula pending home sales increased 9.1% year-over-year.

Mortgage School: The Rules of Home Affordability

Applying for a home loan can be scary – but understanding the rules of home affordability can help ease your fears and help get you into your dream home. The key is to understand the rules of home affordability. Our great relationship with Advance Financial Group, a division of Monarch Mortgage, allows us to get

Home Sales Have Increased Across Virginia and Hampton Roads

According to an article in the Daily Press, 2015 first quarter home sales across Virginia have increased over first quarter home sales in 2014 in many metrics. REALTORS® across Virginia sold over 19,200 houses in the first quarter of 2015. This was an increase of 6.3% over sales in the first quarter of 2014. Over

Great News Coming Out of Our Hampton Roads Market Report.

  Over 1,300 homes were sold in February 2015, this is a 5% increase from January 2015, and an almost 3% jump over February 2014. February also saw a 7% increase from January in the number of homes that went under contract. Add to this the good news about the drops in the number of

The Case for Optimism for the Housing Market in 2015

By Terry Gearhart, Research Manager, Residential Data Bank Residential Data Bank is a firm dedicated to helping new construction builders, REALTORS® and the buying public better understand real estate market trends and how they can impact various aspects of the residential new construction market. By most measures, 2014 was a “down” year when compared to

When to Refinance: Math Made Easy!

By Kevin O’Neil, Mortgage Loan Officer Monarch Bank There are many opinions on when it is the appropriate time to refinance. Some say the rate needs to decrease by 2%. Some say 1%. Some say .50%. Which one is it? The truth is there is no one-size-fits-all answer. In order to properly determine whether its