Since the beginning of Waller’s real estate career, she has made it her intention to use the abundance that being a Realtor affords her to give back to those in need, both locally and globally. Waller started What Matters, her real-estate funded non-profit, in 2018 when she began to bring others into her non-profit initiatives. To date, Beth has focused on donating to programs that mattered to her heart. She has received support from her community to build a school in a remote village in Uganda called the Front Royal Light Up Academy as well as to create Open House, a community meeting and networking center, now sponsored by the Daily Grind and Royal Comfort Shoe Center.
“I’ve always been passionate about giving back to what I care about – sponsoring local blood drives, helping children in Uganda receive education, giving scholarships to local high school students, etc. and am so grateful for all the support I’ve received from people who may or may not be passionate about the same things. Now, in an effort to pay that support forward, I am focusing on creating replicable fundraising programs that help me support what matters to other’s hearts.”
One of these programs is the What Matters Real Estate Partners concept. While Waller has always donated a large portion of her commissions to her own non-profit passions, she decided to commit to donating an additional 5% of her commission to the non-profit of her client’s choice.
“I’ve always recognized that my non-profit work is made possible by my clients and community that have supported my real estate business the last decade and a half. During these trying times, I am more dedicated than ever to continue to support my local and global community both as a Realtor and as a non-profit fundraiser,” Waller said. Waller has inspired other Realtors to follow her lead and is currently working with Anne Fish, a Realtor in Teton County, WY, to also pioneer the 5% client giveback concept in her community, with the hope that others will join them as well.
Like many others, Waller has embraced these COVID times as an opportunity to reevaluate her own life, business and philanthropic efforts while seeking new ways to serve her clients and community with a greater impact aligned with these times. She has hired Mitchell Smith (of Expressed by Mitchell) to enhance her client’s exposure including their online marketing, videos, etc. and continues to work with Bridget Rosensteel (her trusted virtual transaction coordinator) to ensure that she can continue to give her real estate clients the level of individualized attention they deserve. Because Beth spends so much time at the homes of her clients, she realized that rather than sponsoring a non-profit center at her real estate office, it was better to close her Cloud Street office location, work more remotely and provide support to nonprofits in alternative ways. She has also hired Liz Gibbs, a social impact business consultant, to help develop and expand both new real estate programs and non-profit initiatives, including microloan and education sponsorship programs in Uganda.
While Waller’s main focus is currently on her real estate business and the new What Matters Real Estate Partners fundraising program, she continues to be involved with Rotary as President of the Rotary Club of the Northern Shenandoah Valley. She’s also currently working with the Warren Coalition and Warren County Middle School to launch the HALO Read program to provide reading materials to the youth in our community and abroad (more at warrencoalition.org/halo-read-sponsorship).
If you or someone you know wants to use your home as a fundraising mechanism for your favorite nonprofit, while benefiting from the expertise of a long-time award-winning Realtor, please be in touch! Waller can be reached at 540.671.6145 or at email@example.com. Learn more about her What Matters Initiatives and real estate sales and consulting at www.whatmattersw2.com. Beth Medved Waller is licensed in Virginia and is Associate Broker at Keller Williams Solutions.
Warren County Market Report – September 2021
Watch this video for a quick summary of Warren County real estate for September 2021. Charts demonstrate the changes in the market, so be sure to click play!
In general summary:
- New Listings are DOWN -0.0%.
- New Pending DOWN -20.9%.
- Closed sales are DOWN -27.1%
- Average Median Sold $300,950
- Average Days on Market 20
*If you would like a copy of this report emailed to you, please send request to firstname.lastname@example.org.
Resource: September 2021 Market Stats by ShowingTime
Bright MLS: Statistics calculated October 2021.
Jennifer Avery, REALTOR® “Your Happy Home Expert!”
BPOR, SRS, CNE, E-Pro Certified | Licensed in VA
email@example.com | 540-683-0790
CRUM REALTY, INC| 318 S Loudoun St, Winchester VA 22601 | 540-662-0400
Virginia REALTORS® releases 2022 Economic & Housing Market Forecast
Virginia’s largest trade association has released its 2022 Economic & Housing Market Forecast, which looks at what is ahead for the commonwealth.
Overall, the job and unemployment forecasts reflect the fact that our economy is still being driven by COVID. By the end of 2022, it is expected that job totals and the statewide unemployment rate will be back close to pre-pandemic levels.
“While home sales activity in 2021 will surpass even the strong performance of 2020, next year will be a little different, due primarily to rising affordability challenges, continued low inventory, and a slight uptick in mortgage rates,” says Virginia REALTORS® Chief Economist Lisa Sturtevant, PhD. Prices will continue to rise in 2022, though the rate of price growth will slow as demand softens a bit and inventory expands, making it a more typical year for price appreciation.
- Total Jobs in Virginia: In 2022, we forecast 2% more jobs will be added than in 2021. The pace of job growth will accelerate next year, and total employment is expected to hit pre-pandemic levels by the end of 2022.
- Unemployment: Virginia’s unemployment rate is expected to continue improving in 2022, falling to 3% by the end of the year, half a percentage point lower than 2021.
- Home Sales: Our projections are for a total of about 148,600 home sales statewide in 2021, which is up 6.2% from 2020. We are forecasting that sales activity will be down by just about a tenth of a percent in 2022.
- Home Prices: While we predict the 2021 median home price in Virginia to increase by 9.2% over 2020, the rate of price growth will slow in 2022, with prices up by about 4.1%.
- New Housing Permits: We are forecasting that a total of about 37,000 new housing units will be built in Virginia in 2021, up 10.3% compared to 2020. We predict a modest 0.5% rise in 2022, reflecting longer-term constraints to new housing construction.
- Mortgage Rates: It is expected that the 30-year fixed-rate mortgage rate will be 3.1% in December of 2021 and will rise to 4.0% by the end of 2022.
“As Virginia’s economy continues to improve, Virginia REALTORS® members continue to provide professional expertise to home buyers and sellers that are navigating this changing housing market,” says Virginia REALTORS® 2021 President Beth Dalton.
Click here for more details on the Virginia REALTORS® 2022 Economic & Housing Market Forecast.
About Virginia REALTORS®
Virginia REALTORS® (previously known as the Virginia Association of REALTORS®) is the largest trade association in Virginia, representing 36,000 REALTORS® engaged in the residential and commercial real estate business. Virginia REALTORS® serves as an advocate for homeownership and homeowners and represents the interests of property owners in the Commonwealth of Virginia. For more information, visit www.virginiarealtors.org or follow Virginia REALTORS® on Facebook, Twitter, and LinkedIn.
NOTE: The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.
Some furniture does more than one thing
The kitchen table serves as both a workstation and a Lego table. But that’s not really multipurpose furniture.
Multipurpose or multifunctional furniture are pieces that can be used in multiple ways.
Whether you live in a small apartment or simply want to maximize your space to get more use out of it, multipurpose furniture could be the way to go.
What does it look like? Consider wall beds and fold-down desks, for starters. A rotating wall bed can pivot out from behind a bookshelf, allowing the items on the shelf to remain in place.
A drop-down table attached to a wall in the kitchen can provide shelf space when down and an eating area when extended out. The sections of a modular sofa can be placed about the room.
In the living room, multifunctional furniture can be a simple sleeper sofa or something more exotic, like a sofa that transforms into a bunk bed.
It might look like a coffee table that can transform into a dining table. Consider a home cinema unit that doubles as wall art when not in use. Or a console table that can become a desk.
It also includes clever storage ideas, like a storage bed — not storage shoved underneath the bed, but actual space under the mattress, like a big padded trunk. Or a mirror with hidden storage. Of course, storage benches and footstools are still popular as well.
Virginia’s housing market begins seeing some “typical” patterns after an upended year
According to the August 2021 Home Sales Report released by Virginia REALTORS®, Virginia’s housing market has begun to exhibit the seasonality that characterizes a typical housing market, a pattern that was upended last year during the pandemic.
Home sales were up over last year’s strong August totals, while sales dipped slightly between July and August, which is typical of a late summer market. In total, there were 14,443 home sales in Virginia in August 2021, a 5.1% increase over last year. The dip in sales between July and August was 4.2%.
Virginia’s statewide median home sales price in August was $355,000, a 7.6% increase over the August 2020 median price, a gain of $25,000. In total, there was approximately $6.2 billion in sold volume in Virginia last month, an influx of about $700 million from a year ago, representing a 12.6% gain.
“As housing markets around the state begin to return to somewhat normal seasonal cycles, we should expect activity to cool this fall,” says Virginia REALTORS® Chief Economist Lisa Sturtevant, PhD.
One of the biggest challenges in the market continues to be a lack of available inventory. However, the rate of inventory declines has begun to slow. At the end of August 2021, there were 20,363 active listings statewide, which is 10.6% lower than the supply level at the end of August 2020. This represents the smallest year-over-year supply drop Virginia’s housing market has had in more than two years.
“Inventory has expanded somewhat in recent months, which has offered buyers more options,” says Virginia REALTORS® 2021 President Beth Dalton. “However, supply is still at historically low levels and is far below what is needed.”
The Virginia Home Sales Report is published by Virginia REALTORS®. Click here to view the full August 2021 Home Sales Report. Current and past reports are available to members, media, and real estate-related industries through the organization’s website.
Ask the expert: We are going to sell. Should we pay cash or finance at least part of the new house?
Your decision depends on your financial and life circumstances.
If you are retired and the kids are gone, you might be one of the millions of people who want to downsize.
When you bought your last house, the house and location probably made a ton of sense for raising kids. But, now a different home makes sense.
With your mortgage paid off and retirement at hand, you now have a pleasant problem you may not have considered 30 years ago: Should you pay cash or finance?
Part of the answer depends on what you think about homeownership. Owning a home outright is satisfying and seems very secure. No more mortgage payments.
A study by Redfin found that one-third of U.S. home purchases were paid with cash. That is the largest share of cash buyers since 2014. According to HousingWire, some of these moves are because remote work has allowed people to live in less expensive areas. If you sell your house in Seattle, you can buy twice the house at half the price in Boise, for example, and walk away with cash to invest.
On the other hand, if you are retired, you might want to invest some cash. After all, mortgages are at 3 percent while the markets continue to dish out good returns.
Plus, you can use the cash for anything you want, including travel or just life.
If the cash from your house represents all of your savings, paying cash for another house might not make sense, since real estate prices don’t rise as quickly as stocks. You’ll want the home proceeds to be easy to access to help finance retirement. So at these low-interest rates, taking a mortgage could make sense, especially if you finance just part of the purchase.
Residential real estate contributed nearly $52 billion to the state’s economy in 2020
Virginia REALTORS® has published a new study conducted in partnership with George Mason University, quantifying the economic impacts of Virginia’s housing industry and demonstrating the vital role the housing sector played during the COVID-19 pandemic and economic recession.
Throughout 2020, Virginia’s housing industry was incredibly resilient, even as other parts of the economy struggled. Unlike in some other states, residential real estate transactions and other housing-related activities were able to continue throughout the pandemic. REALTORS® and other real estate professionals across the state were able to pivot to adapt to changing restrictions.
As a result of the industry’s resiliency and innovation, the housing sector contributed nearly $52 billion to Virginia’s economy in 2020 and supported more than 325,000 jobs in the commonwealth. This economic impact accounts for the effects of transactions related to buying and selling homes, building new homes, refinancing mortgages, renovating and remodeling homes, and managing and maintaining residential properties in 2020.
“One of the key reasons residential real estate is so important to the economy is because it touches so many other sectors of the economy. But the housing sector is also unique because it is an important economic driver across all regions of the state,” says Virginia REALTORS® Chief Economist Lisa Sturtevant, PhD.
In addition to this impact on the economy, housing-related activities expanded state and local tax revenue by more than $2 billion in 2020. This tax revenue relates to real estate activities during the year but does not include property taxes paid on existing homes. Therefore, this number significantly understates the role housing plays in local tax revenue each year.
The full report on the impact of the housing industry on Virginia’s economy is available on the Virginia REALTORS® website.