News

Top Selling Williamsburg Neighborhoods 2019-2020

It’s always interesting to see the top selling neighborhoods in Williamsburg VA. The areas covered in the report below includes the City of Williamsburg, James City County and Upper York County. 23185, 23188 and 23168 Zip codes.  The numbers are from the Williamsburg Area Assoc of Realtors (WAAR) MLS. There could be some sales ( […]

Earth Fare to re-open in Willamsburg

Broad Street Realty, a market-leading national commercial real estate firm headquartered in Bethesda, Maryland, has announced the re-opening of Earth Fare at Midtown Row. Earth Fare closed its doors in March of this year as part of a company-wide bankruptcy in which all the company’s over fifty stores were shuttered. Many loyal customers and partners […]

Average U.S. mortgage rate falls below 3% for the first time in history

The average mortgage rate fell to 2.98% this week, breaking the 3% threshold for the first time, as investors concerned about a resurgence of the COVID-19 pandemic fled to the safety of the bond markets and the Federal Reserve continued to scoop up securities backed by home loans. The average rate for a 30-year fixed […]

Williamsburg named a top 10 historic small town in U.S.

On July 10, Williamsburg VA was named No. 6 in USA Today’s Best Small Historical Towns in America. USA Today experts initially created a 20-town finalist list and then allocated a month for the public to vote on the top 10. Berkeley Springs was the only West Virginia town on the list. USA has a […]

James City County to purchase waterfront land

James City County board of supervisors approved the purchase of land at Brickyard Landing Park. This will offer another water access on the Chickahominy River. Members unanimously voted to accept a $687,500 grant from the Virginia Department of Conservation and Recreation to buy property for the creation of Brickyard Landing Park. A 50/50 matching grant […]

Home Buyers are Active in the Market- June’s Sales Up Year-Over-Year in Hampton Roads

Real Estate Information Network Inc. (REIN), the regional Multiple Listing Service, reports a year-over-year rise in the region’s home sales for June 2020. Residential pending sales (homes that went under contract) rose a significant 31.24% compared to June 2019, and settled/closed sales also showed a steady increase rising 3.51% year-over-year. The residential median sales price […]

Holly Hills Carriage Homes developer-third times a charm

The developer of Holly Hills is again seeking permission to develop the front section of the development. Holly Hills, LLC is requesting site plan and subdivision approval for 38 townhomes on the parcel located at 200 Brookwood Drive near the intersection of Rt 199. It is currently zoned Multi-Family Dwelling District RM-1. The property is […]

Is My Home in a Flood Zone?

As real estate professionals field more questions about flood risk, a nonprofit research firm called the First Street Foundation unveiled a searchable website this week that allows homeowners to find detailed flood risk information on specific properties nationwide. First Street says its maps show that nearly 6 million homes and commercial properties across the U.S. are at […]

Health of the Hampton Roads Housing Market

2020 ECONOMIC FORECAST To put things in perspective, the U.S. was in the 11th year economic expansion when it all came to a screeching halt in March 2020. Current conditions reflect the biggest economic contraction since 1946, bigger than the recession in 2008, with national unemployment rates the highest recording since 1940 (April 14.7% and […]

Pending Home Sales: May Posts Record Monthly Gain In US

Pending home sales reached a 44.3 percent monthly increase in May—a new record, according to the National Association of REALTORS® (NAR). After two previous months of declines, pending home sales are showing a market rebound, with every major region recording a month-over-month increase. According to NAR, the Pending Home Sales Index (PHSI) increased to 99.6 in May—the […]