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For homeowners interested in selling in the Hampton Roads area, 2018 is starting off as a seller’s market. January’s number of active listings and the months supply of inventory continued to decline year-over-year, even as sales rose.

Overall, the region’s residential active listings were down 6.87% year-over-year for the month of January, with 8,773 available homes. The area’s active inventory has declined year-over-year for 30 consecutive months. Each of the region’s seven major cities (Norfolk, Virginia Beach, Portsmouth, Chesapeake, Suffolk, Hampton and Newport News) experienced decreased inventory except for Virginia Beach, which was up a modest 1.37%. Norfolk had the most significant drop in inventory for January, down 16.25% year-over-year.

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As always, thank you so much to Military News for another great post in regards to our veterans.

This one is a pretty good read, like usual... And this app looks great!

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National Veterans Legal Services Program (NVLSP) today launched the first of its kind app for use by military veterans and their advocates, available for download through the Apple Store, Google Play Store or NVLSP’s website. Named the NVLSP VA Benefit Identifier, the application helps veterans, with or without the assistance of a veteran’s service officer, determine specific VA benefits to which they are likely entitled.

The app directs users to a logic based questionnaire that assists in verifying whether a veteran should file a claim for service-connected

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Home security systems are designed to protect you, your family and even your pets. But sometimes, your furry friends (or even scaly ones) can trigger your home security system. Here’s how you can prevent false alarms:

Sensor Placement

Sensors are one of the biggest challenges when it comes to designing a pet-friendly home security system. Pets can easily trigger both motion and image sensors, which are usually activated by heat or movement. For example, if your pet decides to go to its food bowl while these sensors are armed, a false alarm could be sent to homeowners and responders. This can affect how authorities respond to the alarm because they won’t know if it’s a real threat. Configure your system by:

  • Positioning sensors higher than
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Mica is part of the Burkart family, her human-Dad is our very own Barrett Burkart! You've likely seen her in a handful of our posts in the last few years or in person at our Client Appreciation Events. She's quite the show-stopper, thus we figured it was time to tell at least some of her story:

Mica is a boxer, but that's about all they knew about her before she was adopted into the Burkart family. They estimate she was a little over a year old when she was originally brought in to a veterinary clinic in New Orleans by animal control about 8 years ago with a broken femur. That was surely a sad and scary day for Mica, full of anxiety, pain and fear. On his way to a Saint's game, Barrett stopped in to that clinic to pick up his wife, Anemone. His wife

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That's a hopeful title up there, isn't it?! Read on for some helpful statistics..... ----------------------

Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state.

Using data from the United States Census Bureau and Zillow, we determined how long it would take, nationwide, for a first-time buyer to save enough money for a down payment on their dream home. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their monthly housing expense.

By determining the percentage of income spent

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According to the NCOA (National Council On Aging):
  • Millions of older Americans are at risk for hunger. In 2014, 10.2 million older Americans faced the threat of hunger, representing 15.8% of adults aged 60+ in the U.S.
  • Food insecurity is growing among older adults. The food insecurity rate for all senior households was 7.8% in 2016, down slightly from the year before but up from 5.5% in 2001. At the same time, the percentage of seniors facing the threat of hunger has more than doubled.
The Buffalow Family & Friends Community Days have focused their efforts on senior citizens in Hampton Roads, to help with the issue of food insecurity through the following event:   Senior Community Meal Bags: Packing & Distribution
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Most people will gloss past this headline- there's nothing exciting about mortgage rates, right?

Well, actually....

Read this first, then let us know what you think!

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Where Are Mortgage Interest Rates Headed In 2018?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next 12 months.

Where Are Interest Rates Headed? | Keeping Current Matters

How Will This Impact Your Mortgage Payment?

Depending on the amount of

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You've probably thought about these things before, but we'll pull them all together in this quick list for you.

Spring is right around the corner, so if you're planning on having one, now's the time to start planning!

So here goes...

6 FANTASTIC TIPS For Your Garage/Yard Sale:

1.) Make sure ALL of your signs LOOK the same! Obviously, the arrow may change, but if a prospective shopper is driving around your neighborhood LOOKING to find your house, they are subliminally looking for the SAME sign--- thus one is neon, make them all neon. If you put a balloon on one, put a balloon on ALL of them. That way, as they are driving through a neighborhood and trying to find the "next" sign marker, your next sign will stick out to them. Remember... the

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Wow, this was almost eerie reading this, Inman!

It is so spot on, and completely highlights our move to The Real Estate Group (TREG).

Looking for a great place to be? Hit us up with your questions, we can tell you exactly why we made our move... this blog gives a pretty accurate highlight on what brought us to TREG!

Special report: the keys to a strong company culture

Creating an environment that promotes retention, productivity and happiness   BY GILL SOUTH Staff Writer   Key Takeaways
  • Nearly three-quarters of real estate pros believe culture is “very important” to a company's financial success.
  • Close to 60 percent of real estate pros said they were “very happy” with the culture of their
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Hot off the press from Patrick Steele, of Tidewater Mortgage... here is a decent explanation on the latest!!!

Mortgage rates are in big trouble.  Whatever you've read about the current spike so far today, you'll probably need to double it after today's bond market movement.  Why?  Because most news stories on rates haven't yet accounted for today's bond market movement!  The most prevalent source material is Freddie Mac's weekly survey which generally tracks lender quotes from Monday and Tuesday of any given week.  The survey showed a 0.07% jump week over week. 

The actual jump is more like 0.12-.13.  The average lender is now quoting 4.375% on top tier 30yr fixed scenarios.  More than a few are already up to 4.5%.  Lenders quoting rates much lower

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