According to the National Association of REALTORS® September 2018 Existing Home Sales Statistics, existing-home sales declined in September after a month of stagnation in August. Lawrence Yun, NAR chief economist, says rising interest rates have led to a decline in sales across all regions of the country. "Rising interests rates coupled with increasing home prices are keeping first-time buyers out of the market, but consistent job gains could allow more Americans to enter the market with a steady and measurable rise in inventory," says Yun.
REALTOR® Association of Prince William (PWAR) is the largest professional trade association in the Prince William County, representing approximately 2,000 REALTORS® engaged in the residential and commercial real estate business. PWAR serves as an advocate for homeownership and homeowners and represents the interests of property owners in Prince William County and the Commonwealth of Virginia.