Blog
REALTORS® Confidence Index (RCI): Low Inventory Major Issue Affecting Transactions
May 30, 2019
REALTORS® have long reported low inventory as a major issue affecting transactions. That continued in April, according to the REALTORS® Confidence Index (RCI) survey. The REALTORS® Confidence Index (RCI) survey gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions. The […]
You’re Invited: Learn About the Future of Housing in Loudoun County, 6/5, 9:30AM
May 24, 2019
Are you interested in finding out how many homes could be built in Loudoun County? Do you want to know where they might be built and what they might look like? Join us on Wednesday, June 5, 2019, when the DAAR Government Affairs Committee meets with the Deputy County Administrator Charles Yudd for a discussion […]
FHA Commissioner: New Rules Coming to Ease Condo Policies
May 24, 2019
Federal Housing Administration Commissioner Brian Montgomery said that the agency will be finalizing new condo policies—long-awaited by the real estate industry–that could lift some restrictions and streamline processes to give a boost to the condo sector. Montgomery said that condos represent an opportunity to help boost affordable housing for first-time homeowners and seniors. “We anticipate […]
Plan to Attend NVAR’s Contract Form Changes Class on 6/27
May 23, 2019
You’re invited to learn about updates to NVAR Contract Forms on Thursday, June 27, 2019, 10AM-12PM, DAAR, Ashburn. Featured speaker Sarah Louppe Petcher, S & T Law Group, will review and answer key questions regarding the changes effective July 1st, 2019. Free for DAAR Members. Register online here. For more information, view the flyer.
Do You Want to Become a Broker? Real Estate Law Course Begins on 5/29!
May 23, 2019
Are you interested in elevating your knowledge, earning distinction as an expert or gaining a competitive edge? You may want to consider working toward your broker’s license. To become a broker in the state of Virginia, you must: Be a licensed agent for 36 out of 48 months consecutively Complete 180 classroom hours of real […]
Donation to Mobile Hope Presented on Behalf of JNCLA Recipient Gwen Pangle
May 23, 2019
Earlier this year, Gwen Pangle, Pangle and Associates, was announced as the second recipient of the Jeanette Newton Community Leadership Award (JNCLA) during the 2019 DAAR Awards Ceremony. The award, named after former DAAR CEO Jeanette Newton, recognizes a REALTOR® who portrays a dedication to leadership, community and public service, humanitarianism and courage. Recipients receive a $500 […]
NAR Files Motion to Dismiss Buyer-Side Lawsuit
May 23, 2019
The National Association of Realtors (NAR) announced it has asked a judge to dismiss the bombshell class-action lawsuit that accuses both the trade group and major real estate companies of conspiring to determine buyers’ agents’ compensation. NAR moved to dismiss the Moehrl v. NAR lawsuit on the basis that the complaint misrepresents NAR rules for […]
HUD to Strengthen Landlords’ Rights in Service Animal Requests
May 16, 2019
Landlords and property managers are entitled to “reliable verification” of a tenant’s need for a service animal and can require proof beyond an online certification, a Department of Housing and Urban Development official said Tuesday at the REALTORS® Legislative Meetings & Trade Expo in Washington, D.C. Lynn Grosso, director of HUD’s Fair Housing and Equal […]
House Approves Another Short-Term Flood Insurance Extension
May 16, 2019
The House voted Tuesday to extend the National Flood Insurance Program through Sept. 30. The Senate must also approve the measure before May 31—when the NFIP is set to expire—to avoid lapses in government-backed flood insurance policies. “Thanks to REALTORS®, the Senate is well aware of the deadline for flood insurance,” Austin Perez, senior policy […]
April 2019 Loudoun County Market Trends Report: Inventory Tightening Continues
May 15, 2019
Overview Inventory remains near historically low levels. There were only 970 active listings in Loudoun County in April 2019, the fewest number of April active listings in Loudoun County in at least a decade. While the number of active listings has increased off of the decade low set in January, the number of April active […]