Mortgage Rates Come Down, Purchasing Power Goes Up
October 7, 2024 - Abel Opoku-Adjei
Welcome Virginia REALTORS®
In this month’s (January 2021) Flash Survey, members of Virginia REALTORS® told us what home features and neighborhood amenities prospective home buyers are looking for. COVID-19 has changed the home-buying environment in so many ways, and REALTORS® say that, in many cases, the pandemic has changed the types of homes that buyers are looking for. We received responses from 1,004 REALTORS®, including 870 members that had worked with a homebuyer in January.
Highlights from the January 21-24 survey include the following:
A note about surveys: This is not a randomized sample survey of Virginia REALTORS® members. However, the number of responses and the geographic coverage of respondents make it possible to draw conclusions about the population of Virginia REALTORS® working with homebuyers in January 2021, with a certain level of confidence. The statistics from this survey have a margin of error of +/- 3.5%.
Virginia REALTORS® reports on the economy and housing market in Virginia. New information is updated on the Virginia REALTORS® website. A new Flash Survey will be sent out at the end of each month. For more information, please contact Chief Economist Lisa Sturtevant, PhD (lsturtevant@virginiarealtors.org).
October 7, 2024 - Abel Opoku-Adjei
September 27, 2024 - Virginia REALTORS®
September 24, 2024 - Dominique Fair