Spring can't come fast enough for the real-estate industry in Hampton Roads. Following a long cold season of high interest rates, the Fed has cued up at least three rate cuts for next year.
Sen. Lynwood Lewis, a Democrat who represents the 6th Senate District, introduced a bill at the General Assembly this year that would essentially prevent a locality from restricting certain aspects of short-term rental properties managed by a Virginia realtor.
The COVID-19 pandemic brought on low interest rates and new opportunities for homebuyers. But two years later, it's now created a shortage of what's available.
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