The average U.S. rate for a 30-year fixed mortgage dropped to 3.15% this week, the lowest ever recorded in a Freddie Mac data series that goes back almost five decades. The rate fell from 3.24% last week, setting a new record low for the third time in three months, according to the report. Mortgage rates have fallen after […]
If you’re selling a home this spring, knocking $1,000 off your list price might net you thousands of dollars more at the closing table. If you’re buying, adding $1,000 to your offer could help you elbow out rival bidders in a market that the coronavirus has made surprisingly competitive. And if you want to boost your […]
Most students hope for an A for their midterm projects. Thomas Vandiver ’13 got a whole business from his. What started as a project for an elective at the Raymond A. Mason School of Business is now The Neighborhood Harvest, a Hampton Roads-based home delivery service for local organic produce, meats, dairy, bread, prepared food and […]
REIN, the regional Multiple Listing Service, reports a year-over-year rise in the region’s home price for April 2020. The median sales price was $255,000, up 5.81% from $241,000 in April 2019. Residential pending sales dipped slightly year-over-year for April. 2,806 homes went under contract in April 2020, down just 5.14% from the same period of […]
Announcing the community opening in James City County/ Williamsburg this summer, of Forest Glen Trace, with prices starting from the low $200s for detached homes. Forest Glen Trace will be a quaint community of only 45 detached homes set on sidewalk lined streets with wooded backyards. These single-family homes featuring 3+ bedrooms, open floorplans, 1-2 […]
UPDATE Feb 2022 After controversy, Fenton Mill housing can proceedA preliminary plan for a hotly contested housing development in upper York County’s Fenton Mill area has been approved.Unlike the developer’s previous proposals, which at one point wanted to build more than 836 homes, the latest plan calls for 292 homes. That’s the “by-right” number of […]
With current guidelines of social distancing and staying at home, local restaurants have added new opportunities including curbside pick-up and delivery. The Williamsburg Area Restaurant Association has compiled a list of area businesses that are open for business. You may want to also find the “Williamsburg Eat Local” Facebook group. Family-Style Meals Francesco’s Ristorante Italiano La Casona Williamsburg […]
I have fielded so many questions about the impact of the corona virus on our housing market over the past few weeks that I’ve decided to share some observations about trends we’re seeing in the current local market. In the months going into the virus, we were experiencing an incredibly strong spring market. In fact, […]
Mason Park, a pocket neighborhood that’s been in the works for over 15 years is finally moving forward. HH Hunt built 15 detached single-family homes on small lots similar to what was built in the White Hall community in Toano. The small community will be located off Jamestown Rd. The Mason Park community will showcase […]
The market is cancelled through April 24. When we opened for the season 3 weeks ago, we had no idea that the very next Saturday we’ve be closed because of COVID-19. Today, the market will is launching its online market and we will begin offering delivery direct to your door. We hope to keep farmers […]