Virginia Realtors has announced the appointment of Rick Lugg as its new CEO. Lugg is being promoted from his positions as chief financial officer and chief operating officer at the trade group representing nearly 35,000 realtors. He succeeds Terrie Suit, who retired...
A total of 7,853 homes were sold in in Virginia during November, a 13% year-over-year increase. According to data from Virginia Realtors, there were 9,031 new listings in November, a 10.3% increase. There were 18,870 active listings on the market throughout Virginia,...
Terrie L. Suit has announced her retirement as CEO of Virginia Realtors. Suite served as the organization’s chief executive since Sept. 13, 2013. She began her career in real estate in 1985, and in 1996 she received a gubernatorial appointment to the Virginia Real...
An expanded housing inventory helped fuel an increase in home sales across Virginia in July, according to new data from Virginia Realtors. Last month saw the sale of 9,947 homes across the state, an influx of 962 sales from one year before that resulted in a 10.7%...
A total of 10,018 homes were sold in Virginia during June, which was 974 fewer than June of last year. According to Virginia Realtors, this marked both an 8.9% slowdown and the second month in 2024 where sales activity trailed 2023 levels. However, during the first...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
