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Local and Statewide Real Estate News from Virginia Realtors:
 
Key Takeaways: December 2024 Virginia Home Sales Report
1/22/2025 11:41 AM
Key Takeaways Market activity ended on a positive note as 2024 came to a close. There were 7,907 closed home sales across Virginia in December, 978 more sales… The post Key Takeaways: December 2024 Virginia Home Sales ReportRead More
 
Supreme Court Denies NAR’s Request for Review of DOJ Investigation
1/22/2025 11:10 AM
On January 13, the Supreme Court denied NAR’s request to prevent the Department of Justice (DOJ) from reopening an investigation into whether certain NAR policies violate antitrust laws.… The post Supreme Court Denie...Read More
 
Virginia REALTORS® Appoints Rick Lugg as New Chief Executive Officer
1/17/2025 10:04 AM
Virginia REALTORS® announced today that Rick Lugg, the association’s longtime Chief Financial Officer and Chief Operating Officer, has been appointed Chief Executive Officer, effective immediately. Virginia REALTORS® (previously… The post Read More
 
“Did the purchaser breach the contract?”
1/15/2025 10:21 AM
*Please note: Any questions regarding Legal Hotline Spotlights should be submitted via the Virginia REALTORS® Legal Hotline. Our attorneys are unable to respond to questions through our comments section. Q:… The post “Did t...Read More
 
DOJ Anti-Trust Complaint Against Algorithms and Landlords
1/15/2025 9:06 AM
On Tuesday, January 7, 2025, the Department of Justice amended an existing anti-trust complaint against RealPage to add 6 landlords alleging the sharing of nonpublic information to feed… The post DOJ Anti-Trust Complaint Aga...Read More
 
Key Multifamily Market Trends from the Fourth Quarter of 2024
1/14/2025 9:38 AM
Each quarter, through its Multifamily Market report, the research team at Virginia REALTORS® analyzes the trends and changes in the multifamily market. Here, we share the key highlights… The post Key Multifamily Mar...Read More
 
“I represent a buyer. What disclosures is the seller obligated to provide us if unrepresented?”
1/9/2025 8:49 AM
*Please note: Any questions regarding Legal Hotline Spotlights should be submitted via the Virginia REALTORS® Legal Hotline. Our attorneys are unable to respond to questions through our comments section. Q:… The post Read More
 
Three Predictions for Virginia’s Housing Market in 2025
1/8/2025 11:48 AM
Virginia’s housing market in 2024 was marked by a slight uptick from the slowdown in 2023. Home sales activity increased modestly despite high mortgage rates. The additional sales… The post Three Predictions for Virginia’s Hous...Read More
 
Are HOA Communities Becoming More Popular?
1/6/2025 9:15 AM
  Homeowner association communities (HOAs) have been gaining popularity in recent years, and there’s no sign that this trend is slowing down. In 2024, there were approximately 369,000… The post Are HOA Communities Becoming More Popular...Read More
 
“My seller wants to terminate our listing agreement but hasn’t signed the Release of Brokerage Agreement. Do I stop doing showings?”
12/31/2024 10:37 AM
*Please note: Any questions regarding Legal Hotline Spotlights should be submitted via the Virginia REALTORS® Legal Hotline. Our attorneys are unable to respond to questions through our comments section. Q:… The post Read More