Hampton Roads:
“Real estate agents say that Hampton Roads will have a
stronger housing market in 2014. Even so, recent housing reports indicate that
the region lagged behind 2013 in the first two months of the year. January and
February home sales were down 9 percent this year compared to the same time
last year, according to the latest report from the Real Estate Information
Network, the region's multiple listing service.
Home sales fell 2.1 percent in February compared to a year
earlier, marking the second consecutive dip after a drop of 15 percent in
January year-over year. Snow and budget uncertainty issues had been blamed for
the slow start in January. Even so, one bright spot was Portsmouth, which saw a
25 percent increase in sales from February to February. Suffolk saw the largest
drop by 34 percent. Active listings and pending sales remained flat. New
construction sales dropped 12 percent year-over-year.”
~ Writes the Daily-Press
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