Affordability Aside, Housing Optimism Picks Up

The confidence consumers have in housing is picking up steam—but not because of the market outright, according to the August Fannie Mae Home Purchase Sentiment Index® (HPSI). At 88, the gauge grew 1.5 percentage points month-over-month; however, the confidence consumers have is on par with the prior year. In fact, 21 percent of homebuyers wereContinue Reading

Ray Ferguson Joins Berkshire Hathaway HomeServices PenFed Realty as Vice President

Veteran REALTOR® to lead the company’s Central Virginia sales offices OCTOBER 11, 2018, Richmond, Va.—Berkshire Hathaway HomeServices PenFed Realty, one of the country’s fastest-growing real estate brokerages, today announced that real estate industry veteran and Richmond native Ray Ferguson has joined the company as vice president of sales operations for the Mid-Atlantic region’s Central VirginiaContinue Reading

Welcome to our newest team members!

The following real estate professionals have recently joined our team:

Mortgage Rates Reverse

Mortgage rates reversed this week, with average 30-year, fixed rate at 4.59 percent, down from 4.6 percent the prior week, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed rate, at the same time, decreased to 4.05 percent, from 4.08 percent the prior week, and the average five-year, Treasury-indexed hybrid adjustableContinue Reading

From Renter to Owner: Buying Your First Home

The way many people tell the tale, buying a home is a soul-draining process that devours entire months of your life. True, the timeline for working through finding and financing a new home is not insignificant. But good things take time. The transition from renter to owner doesn’t have to be intimidating if you knowContinue Reading