Residential Construction Boom in Virginia

Historically low mortgage rates have created a strong demand for homeownership in the state of Virginia but record low inventory has presented a challenge. In fact, the number of single-family homes available for sale statewide in August of 2020 was 42.2% lower than the previous year according to Virginia Realtors Chief Economist, Dr. Lisa Sturtevant. Shift in Demand With more … Read More