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The Virginia Association of REALTORS® celebrates its 2016 Award recipients. VAR conducted its annual awards ceremony in conjunction with the 2016 Annual Convention on Tuesday, September 20, at the Gaylord Resort at National Harbor. The ceremony celebrates excellence in various areas of real estate including property management, brokerage, and other business achievements along with notable community contribution.

The following analysis of the Fredericksburg, Virginia area housing market has been prepared by the Fredericksburg Area Association of REALTORS® based on analysis of MRIS multiple listing data provided through RealEstate Business Intelligence, LLC (RBI)

A new study measuring the economic impact of Virginia’s housing industry has been released. The study found that Virginia’s housing industry generated $47.8 billion in economic activity in 2015, with $21.8 billion in direct output, making it the sixth largest private sector industry in Virginia by direct output

The Fredericksburg REALTORS® Foundation is hosting a charity golf tournament to raise funds to support local housing non-profits. The Foundation has raised tens of thousands of dollars since its creation in 1990 that have helped individuals and families secure and retain quality, affordable housing throughout the Fredericksburg area.

The Virginia Association of REALTORS® (VAR) is a leader in community impact throughout our state and even in other states affected by housing crisis as a result of natural disaster or other adversity. Recently, VAR offered a gift of $2,500 to the Louisiana Association of REALTORS® relief foundation to support recovery efforts for members and residents who have suffered from the recent flood crisis

Last Saturday, August 19th, Bill White, President, VAR, offered the continued support of REALTORS® at a Homes for Our Troops groundbreaking ceremony for a Virginia Veteran and his family just miles away from the VAR Headquarters. Bill thanked Sergeant J.P. McGuire and his family for their service to our nation.

The Virginia residential real estate market continued year-over-year and long term improvement according to the Second Quarter 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR). Both the total number of sales and the value of transactions rose from the same period last year, to 34,688 units and $11.720 billion, respectively. Volume - the sum of all transactions for April, May, and June of 2016 - was 8.6 percent higher than the same period last year, and more than 20 percent higher than the second quarter of 2014.

The Virginia residential real estate market continued year-over-year and long term improvement according to the Second Quarter 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR). Both the total number of sales and the value of transactions rose from the same period last year, to 34,688 units and $11.720 billion, respectively. Volume - the sum of all transactions for April, May, and June of 2016 - was 8.6 percent higher than the same period last year, and more than 20 percent higher than the second quarter of 2014

The Virginia residential real estate market recorded booming spring sales according to the April 2016 Home Sales Report released by the Virginia Association of REALTORS® (VAR). Bolstering market strength and economic impact, the number of sales, value of transactions, and median price rose markedly from this period last year. In April 2016, there were 9,945 sales recorded for a total volume of $3.23 billion. The value of transactions for this April was nearly ten percent higher than the same month last year, and more than 18 percent higher than in April 2014 ($2.95 and $2.73 billion, respectively). Year-to-date, Virginia residential sales have totaled more than $9.61 billion