Virginia’s housing market sees sharpest drop in sales since May 2020  – Royal Examiner

2022-07-22 23:59:26 By : Ms. Yao Tom

Lambert found liable to EDA for $183,562 in compensatory and punitive damages

EDA vs. William Lambert civil claim expected to go to jury mid-day Wednesday

Blue Ridge Wildlife Center Patient of the Week: Eastern Painted Turtle

Shenandoah Area Council rededicates Camp Rock Enon Scout Reservations in honor of longtime Council supporters

St. Luke’s Community Clinic holding gala to raise funds for expanded services

Despite opposition from FREDA chairman Novak, Town Planning Commission forwards adjusted Data Center proposal

Under-strength County Planning Commission approves tourist rentals and votes to deny sports center permit

Consideration of downtown walking mall concept kicks off during Town Council work session

Warren County Board of Supervisors work session covers County pay structure, salary incentives, e-packets, new skydiving biz

Supervisors fund school division 75%, clear way for WCPS employee bonuses

Town Talk: A conversation with Joanna Naccash, Laura Clark and Susan Schwartz – St. John’s Drama Club

Town Talk: A conversation with Robbie Boyer, Director of Public Works – Front Royal paving projects; job opportunities

Town Talk: A conversation with Taffy Mabe and Ellie Seiders, Senior Moments at Grace Fellowship

Town Talk: A conversation with Lt. Robbie Seal and Sgt Terry Fritts – Warren County Sheriff’s Office

Town Talk: A conversation with Cornelia and Stephanie Banks – George Banks Blvd Day

Hometown Faces: Meet Scott Reid

Hometown Faces: Meet Suzanne Silek

Hometown Faces: Meet John Marlow

Hometown Faces: Meet Harry Bowen – soon to be 100

WATCH: Faces of Our Valley – Selah Theatre Project, Glory Bea!

Local Republican James Bergida enters race for Virginia Senate District 1

Meet the Candidates: Delores R. Oates, Virginia House of Delegates, District 31

Meet the Candidates: Merritt Hale, US Congress, 6th District

Lance Allen announces candidacy for Virginia’s First Senate District

Meet the Candidates: Robert Hupman announces for Virginia Senate seat in new District 1

Refuse To Be A Victim® program teaches the tips and techniques you need to be alerted to dangerous situations

Opera returns to Front Royal, Thursday, July 21

Get your tickets for St. John’s Drama Club’s family friendly production, “Joseph and the Amazing Technicolor Dreamcoat”

St. Luke’s Community Clinic holding gala to raise funds for expanded services

Book Signing: A Rebellious Woman by Claire J. Griffin at the Warren Heritage Society

Lambert found liable to EDA for $183,562 in compensatory and punitive damages

RSW Regional Jail now utilizing new body scanner

Suspect hits/damages FCSO cruisers during pursuit

Warren County Grand Jury of July 12, 2022 indictments

Maryland man arrested for indecent liberties with a child

POLICE: 7 Day FRPD Arrest Report 7/18/2022

POLICE: 7 Day FRPD Arrest Report 7/11/2022

POLICE: 7 Day FRPD Arrest Report 7/4/2022

POLICE: 7 Day FRPD Arrest Report 6/27/2022

POLICE: 7 Day FRPD Arrest Report 6/13/2022

Legal Notice: Hydroelectric application has been filed with the Commission and is available for public inspection

EDA: Request for Qualifications for the provision of debt collection legal services

EDA: Invitation to bid; roof replacement

Special Commissioners Sale Saturday, October 5, 2019: Two adjoining tracts 42 & 41 acres

Town Notice: Road closure – North Royal Avenue and 6th Street

Town Notice: Paving on North Royal starts July 18

Town Notice: Planning Commission vacancy

Town Notice: Water Quality Annual Report 2021

Town Notice: Recent increase in power outages and blinks

Lambert found liable to EDA for $183,562 in compensatory and punitive damages

EDA vs. William Lambert civil claim expected to go to jury mid-day Wednesday

EDA counsel accuses Tran/ITFederal defense of withholding requested documents – But motion for immediate production of missing material denied

Bankruptcy filing cancels EDA versus Samuel North civil liability case

Civil Case Jury orders return of $945,000 plus punitive damages to WC EDA by Donald Poe and Earthright Energy Solar

EDA counsel accuses Tran/ITFederal defense of withholding requested documents – But motion for immediate production of missing material denied

Judge takes dueling evidentiary objections ‘under advisement’ in EDA vs. ‘Curt’ Tran/ITFederal civil case and counterclaim

Little civil consequence of more criminal prosecution delays in EDA case

County Supervisors change November meeting date – stay mum on Closed Session EDA litigation discussion

‘Ghosts of EDA Loans Past’ come back to haunt county supervisors

Chamber welcomes Garcia & Gavino to Front Royal

Local Senior Center reopens with new location and new name

Quality Title moves to a new home in Front Royal

Grand re-opening & ribbon cutting at Royal Cinemas

NextHome Realty Select re-opens office in Front Royal

Senators introduce reforms to the Electoral Count Act of 1887

Sixth District Perspectives with Congressman Ben Cline – July 7, 2022

Warner & Kaine announce over $50 million in federal funding for Virginia airports

Warner, Rubio callfor investigation into TikTok in light of new revelations about Chinese Communist Party’s potential access to U.S. data

Shenandoah Area Council rededicates Camp Rock Enon Scout Reservations in honor of longtime Council supporters

Suspect hits/damages FCSO cruisers during pursuit

Port of Virginia sets new fiscal year volume record, processes 3.7M TEUs in fiscal 2022

Laurel Ridge receives two Military Friendly designations

Celebrate smart, safe & sober this July 4 holiday weekend

Governor Glenn Youngkin announces largest unemployment rate drop in a year, 7,500 fewer Virginians unemployed in the month of June

Virginia General Fund finishes the fiscal year 2022 with surplus of nearly $2 billion

Governor Glenn Youngkin announces updated COVID-19 quarantine guidance for early childhood education

Port of Virginia sets new fiscal year volume record, processes 3.7M TEUs in fiscal 2022

Virginia companies expand into global markets with Commonwealth’s Trade Accelerator Program

Front Royal Cardinals vs Strasburg Express – Saturday, July 23

Front Royal Cardinals vs Purceville Cannons – Thursday, July 21

Front Royal Cardinals vs New Market Rebels – Sunday, July 24

CANCELED: Valley Baseball League: All Star Game at the “Bing” – Sunday, July 17th

CANCELED: Valley League Baseball: Home Run Derby at the “Bing” – Sunday July 17

Warren County High School Graduation – Saturday, May 28, 2022

Warren County High School Class of 2021 graduation ceremony

Baccalaureate service for graduating seniors

Skyline vs Warren County: High School Boys basketball game livestreaming February 3, 2021 at 5:45pm

Skyline HS vs Warren County HS: Girls basketball game livestreaming January 8, 2021 at 5:45pm

Skyline High School Graduation – Saturday, May 28, 2022

Skyline High School Class of 2021 Graduation Ceremony

Baccalaureate service for graduating seniors

Skyline vs Independence High School, February 12, 2021 at 6 PM in the third round of the Region 3B Basketball Tournament

Skyline vs James Monroe High School, February 9, 2021 at 6 PM in the second round of the Region 3B Basketball Tournament

Warren County Middle School vs Skyline Middle School – Girls Basketball, October 4, 2021

Warren County Middle School vs Frederick County Middle School – Girls Basketball, September 27, 2021

Warren County Middle School vs Daniel Morgan Middle School – Girls Basketball, September 23, 2021

Warren County Middle School vs Admiral Richard E. Byrd Middle School – Girls Basketball, September 20th, 2021

Warren County Middle School Academic Honors Ceremony – 8th Grade

Warren County Middle School vs Skyline Middle School – Girls Basketball, October 4, 2021

Skyline Middle School Academic Honors Ceremony – 8th Grade

Skyline Middle School Academic Honors Ceremony – 7th Grade

Skyline Middle School Academic Honors Ceremony – 6th Grade

Skyline Middle School vs Daniel Morgan, June 3rd – Girls Volleyball

Hilda J. Barbour Elementary School – 5th Grade Graduation Event

WATCH: E. Wilson Morrison Elementary School – 5th Grade Graduation Parade

WATCH: Ressie Jeffries Elementary School – 5th Grade Graduation Parade

WATCH: Leslie Fox Keyser Elementary School – 5th Grade Graduation Parade

Virginia’s housing market sees sharpest drop in sales since May 2020 

3 reasons to buy an intergenerational home

Real Estate and Community News (June/July 2022) with Jen Avery, REALTOR

3 golden rules for painting your house before selling it

3 tips for paying off your mortgage faster

OPEN HOUSE: 159 High Point Court, Front Royal – This Saturday, April 2nd

House for sale: 159 High Point Court, Front Royal

House for sale: 104 Foam Flower, Lake Frederick

Property for sale: 425 N Royal Ave, Front Royal – Watch the tour!

House for sale: 361 Walnut Drive, Front Royal – Watch the tour!

Start your day with a smile

Start your day with a smile

Start your day with a smile

Start your day with a smile

Start your day with a smile

How to deal with customer service

Rock on! Find the love with painted rocks

What to know before attending a festival

Smart tips for starting university

To Censor or not to Censor, that is a Difficult Question

The Cracked Acorn: Three Crosses

The Cracked Acorn: Years Pass

Should I Choose Passion or Duty?

Why we should be ‘Babyish’ in Love

The School of Life: How to Stop Playing Games in Love

The School of Life: How You Can Be Too Clever

Looking Back: A Mothers Revenge – Hannah Duston

Ben Franklin and his miraculous lightning rod

The Year Without A Summer : “Eighteen Hundred & Froze To Death”

America’s veterans remembered and honored for their service across the years

How much do you know about Veterans Day?

5 meaningful ways to celebrate Veterans Day

5 ways to celebrate Veterans Day

The 11hour of the 11th day of the 11th month – Veterans Day 2020

Marlow Motors 75 Acts of Kindness extends to the House of Hope

Real Estate and Community News (June/July 2022) with Jen Avery, REALTOR

Together let’s make our community beautiful

Clubs and Community come together to keep our Greenway clean

Rotary Club of Warren County donates baskets to help homeless transition into independent living

Help replenish the blood supply after holiday weekend

Community Blood Drive to be held this Wednesday, March 3rd

Santa Claus is coming to Town, Warren County!

A “COVID Christmas” message from Santa

“Wreaths Across America Day” will be celebrated December 19th

Warren Heritage Society announces the publication of their newest book, “Coming Together”

Send bracelets to quarantined residents of Commonwealth Assisted Living in Front Royal through WeAreSPACE.org

Warren’s Heritage: Native American History-Part 10

Warren’s Heritage: Native American History-Part 9

Warren’s Heritage: Native American History-Part 8

Breakfast with Barry Lee – Dishing out ample servings of positivity, humor, and community spirit.

Savings interest rates may rise slowly

From farming to mapping the world: Meet Gladys West

The history of Independent Retailer Month

In pursuit of the well-trimmed lawn

Brick-by-brick: How LEGO solved financial struggles

3 interesting jobs in senior residences

Do you have what it takes to be a sprinkler fitter?

Career change: Why you should consult a career counselor

How to get more responses to your job ads

7 jobs for people who like to work outdoors

Indulge in summer street food

No time, no problem: Stir-together five bean salad

Why do your tastebuds love local fruits and vegetables?

The surprisingly messy history of flag cake

5 of the best draft horse breeds

How will climate change impact agriculture?

How will climate change impact agriculture?

3 ways to reduce water consumption on the farm

Get out there and walk, run and play

Why your child should see an optometrist before starting school

New advances in ministroke care

The differences between chemical and mineral sunscreens

Credit reporting changes in July

News from home: One easy way to get mosquitoes gone

Bed frames: a buying guide

Protect your garden during a heat wave

See American goldfinches by your own window

What you need to know about compression stockings

Photography: more than a hobby

How seniors can deter thieves and prevent muggings

Bikes are right for the big kid in all of us

Do you know Louis Braille?

5 tips for camping in your backyard

3 ways to have fun with soap bubbles

How well do you know your summer sports?

Nature quiz: find the odd one out

Adopting a pet duck: what you need to know

“I need to eat every three hours”

“Despite my name, I’m not from Guinea!”

What you need to know about canine distemper

Can you give your cat milk?

How to prepare for a solo trip

5 good reasons to book your cruise early

How to clean your tires and wheels

Is it safe for young children to sit in the front seat?

Fleet managers turn to electric cars

What to do when your engine overheats

Car spoilers: truths and myths

Independence Day quiz: patriotic quotes

Why Independence Day is celebrated on July 4

The Declaration of Independence: What Does it Say?

The surprisingly messy history of flag cake

According to the June 2022 Virginia Home Sales Report released by Virginia REALTORS®, there were 13,324 homes sold in Virginia in June 2022. This is 3,208 fewer sales than last June, a slowdown of more than 19%. This is the sharpest drop in Virginia’s housing market since the beginning of the pandemic.

Sales activity edged up slightly between May and June, up slightly over 2%, which is much lower than a typical May-to-June jump in sales. “The slowdown we’re seeing in sales is due to more buyers pressing ‘pause’ on their home search,” says Virginia REALTORS® 2022 President Denise Ramey. “The lack of inventory paired with the rise in interest rates have created a more challenging environment for home buyers.”

Even as the market slows, many localities across the commonwealth are still experiencing an increase in home prices. Statewide, the median sales price in Virginia in June was $397,315, nearly a 7% price gain over the same time last year.

“Buyers have limited options to choose from right now, and the low inventory levels are putting upward pressure on prices,” says Virginia REALTORS® Chief Economist Ryan Price. “There are still more buyers in the market than there are active listings. This supply shortage will likely keep prices rising, but as the market continues to cool, we expect price growth will ease in the coming months.”

The Virginia Home Sales Report is published by Virginia REALTORS®. Click here to view the full June 2022 Virginia Home Sales Report.

3 reasons to buy an intergenerational home

Virginia’s median home price crosses $400K mark

Virginia’s median home price jumps $100k in four years 

As mortgage rates spike, Virginia’s housing market shifts 

Virginia REALTORS® secure victory in fight for health insurance options

Despite slowing sales, Virginia home prices keep rising 

Virginia’s inventory of homes for sale plummets to all-time low

2021 was a record-breaking year for Virginia’s housing market

Virginia’s inventory of homes shrinks rapidly

Virginia’s housing market inches closer to more “normal” conditions 

Intergenerational homes can take many forms, from a building where each person has their own unit to a large residence with shared common spaces. The idea is to bring together more than one generation under the same roof. Here are three reasons why this concept has been gaining in popularity.

1. Care for elderly parents Many people are increasingly questioning the standard model within western society in which seniors live apart from their families. Stories of loneliness, neglect, and even abuse have prompted more people to take their elderly parents or grandparents under their wings.

2. Assist with everyday life Living with your parents or grandparents comes with responsibilities. However, it also offers significant benefits. Young families can benefit from the experience of their elders, both in terms of practical knowledge and life lessons. Grandparents can also participate in the family dynamic by babysitting and helping with daily chores.

3. Ease family finances As real estate prices continue to rise, intergenerational homes are an appealing option for young families who want to own their own place. In fact, cohabitation can be financially beneficial for both parties. For example, the mortgage payments and other expenses like groceries and transportation can be shared.

Of course, opting for this type of shared living arrangement can also lead to conflict. It’s therefore essential to think it through and establish rules to govern daily life.

Are you interested in buying an intergenerational home? Contact a real estate broker to discuss the possibilities.

Humane Society of Warren County

Warren County Market Report for July 2022 with Jen Avery, REALTOR

Watch this video for a quick summary of Warren County real estate for July 2022.

*If you would like a copy of this report emailed to you, please send request to jenaveryrealtor@gmail.com.

Resource: June 2022 Market Stats by ShowingTime Bright MLS: Statistics calculated June 2022.

Jennifer Avery, REALTOR® “Your Happy Home Expert!” BPOR, SRS, CNE, E-Pro Certified | Licensed in VA jenaveryrealtor@gmail.com | 540-683-0790 | www.jenaveryrealtor.com CRUM REALTY, INC| 318 S Loudoun St, Winchester VA 22601 | 540-662-0400

Repainting your home can increase its selling price. However, before you get out the rollers and brushes, here are three rules to keep in mind to optimize your investment.

1. Consider the entire property. Don’t forget to redo the outside of your home if the paint is peeling or faded. After all, this is what potential buyers will see first. You may also want to touch up the paint on your patio, fence, and shed.

2. Use neutral shades. Although you may love your yellow kitchen because it gives your home a Tuscan feel, remember that everyone has different tastes. Play it safe and stick to neutral shades that appeal to most people.

3. Be prepared. Don’t rush your paint job. Make sure you have enough time to complete the work before your house goes on the market. A sloppy paint job could deter potential buyers instead of drawing them in.

If you’re considering hiring painting professionals, do some research to gauge the quality of their work and consider how the additional cost could affect the return on your investment.

Paying off your home can seem impossible, especially if you’ve recently been saddled with a substantial mortgage. Here are three easy tips for paying off your mortgage faster.

1. Increase your payment frequency If you initially chose to pay your mortgage monthly, contact your lender and ask if you can switch to weekly or bi-weekly payments. This simple change is equivalent to paying one extra monthly payment each year. For example, an additional $1,500 per year means you’ll pay off an extra $30,000 over 20 years.

2. Add to your payments If your current budget allows you to make larger payments toward your mortgage, don’t hesitate to make the adjustment. You’ll pay off your loan faster and save on interest. Check with your creditor to find out what terms and conditions apply.

3. Make prepayments Did you get a generous bonus or sell your classic car? You can use this influx of cash to pay off your mortgage faster. Be aware that your contract may stipulate a maximum lumpsum amount. If you go over this threshold, you may have to pay a penalty. Therefore, check with your lender to determine how much you can put down.

Contact a mortgage broker or financial advisor for personalized advice.

According to the May 2022 Virginia Home Sales Report released by Virginia REALTORS®, despite cooling demand, home prices around Virginia continue to climb rapidly. The statewide median sales price for a home in May was $401,082, rising 8.7% from a year ago, a gain of more than $32,000. This is the first time Virginia’s median home price has eclipsed the $400,000 mark.

The commonwealth’s housing market continues to moderate from last year’s busy pace. In total, 13,048 homes were sold in Virginia in May 2022, an 8.5% decrease from the same time last year. While sales activity rose 8.8% between April and May, this increase is considered a typical seasonal bump. Nearly all regions in Virginia are experiencing a cooling housing market through the first five months of the year compared to last year.

“The moderating trend we are seeing reflects not only a return to more normal levels, but also a cooling of demand from home buyers,” says Virginia REALTORS® Chief Economist Ryan Price. “Buyers are feeling the weight of surging home prices, high inflation, mortgage rate jumps, and an extremely competitive market with few options to choose from.”

“Because the state’s inventory is so low and demand remains relatively strong, we do not expect that Virginia home prices will fall,” says Virginia REALTORS® 2022 President Denise Ramey. “Rather, the price growth will likely moderate from the rapid pace of the last couple years as interest rates continue climbing, pushing more buyers on the sidelines.”

While the overall supply in Virginia’s market is still getting smaller, the shrinking trend appears to be changing. Statewide, there were 16,875 active listings on the market at the end of May, a 5.6% decrease from last year. This is the smallest decline in three years. Additionally, the number of active listings at the end of May was 9% higher than the end of April—an increase larger than a typical seasonal bump.

The Virginia Home Sales Report is published by Virginia REALTORS®. Click here to view the full May 2022 Virginia Home Sales Report.

The rising cost of building materials has hindered many renovation projects. Do you want to put your house up for sale but feel it needs a little TLC? Here are a few ways to lower your reno costs and make your home irresistible to potential buyers.

Refresh rather than replace Before throwing something away, ask yourself whether you might be able to give it a second life. The internet is full of creative upcycling ideas.

Talk to your neighbors Did your neighbors redo their roof last year? If so, they might have a few bundles of extra shingles they’d be happy to sell you at a discounted price. Don’t hesitate to ask for input from those around you.

Keep an eye out for bargains If you’re not in a rush to complete your renovations, keep an eye on store flyers over several weeks instead of buying everything at once. You may be able to find good discounts to help lower your bottom line.

Save on labor Don’t dismiss your own handyman skills. If you plan to hire a professional to do your renovations, consider taking on some of the work yourself. In any case, ask for quotes from several accredited contractors to get the best price.

Finally, find out if you’re eligible for any available government subsidy programs.

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