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Virginia home sales declining in 2022, expected to decline further in 2023

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Virginia home sales declining in 2022, expected to decline further in 2023


(The Heart Sq.) – Virginia residence gross sales are on tempo to report the sharpest annual decline in additional than a decade and that decline is anticipated to hold into subsequent 12 months, however at a slower charge, in accordance with a housing market forecast revealed by the Virginia Affiliation of Realtors.

The report initiatives the commonwealth’s housing market will see a 15.7% decline by the tip of 2022 and expects one other 2.5% decline in 2023. The report advised that a number of elements have contributed to this decline – rising mortgage charges, climbing costs and tight stock situations.

“All of [these] mixed are leaving many consumers on the sidelines,” the report notes. “Dwelling value development has been sturdy throughout this moderating interval because of low provide. Nevertheless, upward strain on costs is beginning to ease and this pattern is projected to proceed in 2023. Demand for brand spanking new properties has softened and housing begins have dipped, a pattern that may proceed subsequent 12 months.”

The medium value for a house will possible improve by 7% by the tip of 2022, however is barely anticipated to extend by 2.9% in 2023. The 30-year mortgage charge is projected to extend by 5.95% over 2022 and by 5.2% in 2023. The undertaking variety of housing begins will possible be down by 3.1% in 2022 and by 3.6% in 2023, in accordance with the report.

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Virginia’s economic system continues to be recovering from the COVID-19 pandemic. The report initiatives that the year-over-year job development can be 3% in 2022, which is about 117,000 jobs. It initiatives the job development in 2023 to be about 0.3%, which is about 13,000 jobs. The report’s projected unemployment charge for 2022 is 2.8%, but it surely expects the unemployment charge to extend in 2023 to about 3.5%.





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Drug dealers could be charged with murder under new Virginia fentanyl plan

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Drug dealers could be charged with murder under new Virginia fentanyl plan


Virginia Republicans announced their top legislative priorities for the new year, with curbing fentanyl deaths chief among them.

Under current case law, it is difficult to charge a drug dealer with the murder of a user who died from fentanyl they had purchased unless they are in the proximity of that dealer, according to GOP legislators.

State Senate Minority Leader Ryan McDougle, R-New Kent, told Fox News Digital on Tuesday that Virginia hopes to address that legislative insufficiency.

“This [law] would say if you sell the drugs, it doesn’t matter if you’re in physical proximity,” he said.

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Around $4 million worth of fentanyl was seized by the LAPD. (LAPD)

McDougle and Senate Republican Caucus Leader Mark Obenshain are spearheading the effort.

Fox News Digital reached out to Obenshain, of Harrisonburg, for additional comment.

However, at a related press conference, Obenshain said that as long as people are “dying in every corner of Virginia, of every socioeconomic background, that means there’s people out there peddling this poison.”

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A pair of Senate special elections on Tuesday were set to determine whether Republicans will take a slightly belated majority in the chamber this term, as Democrats currently control it by one seat. 

Voters went to the polls in both Loudoun County and a swath of more red counties, including Buckingham, Fluvanna and Goochland.

On Wednesday, multiple outlets projected Democrats will hold their slim single-seat majority – requiring one liberal to side with McDougle and Obenshain on their counter-fentanyl proposal.

In 2022, the Old Dominion ranked 14th among states for total fentanyl-related deaths, with 1,973 fatalities, and was positioned near the national average in terms of death rate per capita, according to CDC data.

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For comparison, neighboring West Virginia leads the nation in fentanyl deaths per capita, but total deaths were 1,084, less than Virginia.

Seven out of 10 pills seized by the DEA contain a lethal dose of fentanyl, according to OnePillCanKill Virginia.

A representative for Gov. Glenn Youngkin said he believes prosecuting fentanyl dealers should receive bipartisan support:

“As Governor Youngkin has said time and time again, any person who knowingly and intentionally distributes fentanyl should be charged and prosecuted to the fullest extent of the law,” spokesman Christian Martinez told Fox News Digital.

“We cannot continue to let makers and dealers get away with murder – and it is time Democrat lawmakers side with victims’ families over fentanyl makers and dealers.”

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In April, Youngkin signed Obenshain’s prior fentanyl-related bill, SB 469, which made unlawful possession, purchase or sale of encapsulating machines for the purpose of producing illicit drugs a Class 6 felony.

It also imposed felony penalties for subjects who allow a minor or mentally incapacitated person to be present during the manufacture of any substance containing fentanyl.

Virginia Attorney General Jason Miyares previously said an average of five people die each day from fentanyl overdoses throughout the state. 

“By enhancing penalties and criminalizing the possession and use of machines to produce counterfeit drugs, we are supplying law enforcement personnel with the tools they need to hold drug dealers accountable for poisoning our communities,” Miyares said.

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Virginia Sen. Ryan McDougle, R-Hanover/New Kent.

Virginia Sen. Ryan McDougle, R-Hanover/New Kent. (senate.virginia.gov)

After her husband signed the 2023 legislation, Virginia first lady Suzanne Youngkin said there is “nothing more important” than protecting families and communities in Virginia. “I applaud all persons working hard to fight the spread of this illicit drug taking the lives of far too many Virginians,” she said.

Virginia Republicans also indicated this week that they will work to put Youngkin’s December plan curtailing taxation of gratuities into law. The plan somewhat mirrors President-elect Donald Trump’s “No Tax on Tips” campaign pledge.

“Hard-working Virginians deserve to keep the tips they earn for their service,” McDougle said. “Governor Youngkin’s inclusion of this policy in the budget is an important step in our support of hard-working Virginians, and we’re proud to introduce the bill to put it in the Code of Virginia.”

McDougle said Tuesday the chamber will also pursue a ban on transgender women competing in women’s and girls’ sports.

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AP Declares Republican Victory in Virginia’s 10th District Special Election

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AP Declares Republican Victory in Virginia’s 10th District Special Election


CHARLOTTESVILLE, Va. (WVIR) – The Associated Press has called Virginia’s 10th District special election for Republican Luther Cifers.

With all precincts reporting, Cifers captured nearly 59 percent of the vote, leading Democrat Jack Trammell by more than 3,000 votes.

While election officials say mail-in ballots will be accepted until noon Friday, the margin appears insurmountable.

Cifers, a Prince Edward County businessman, will take over the seat previously held by John McGuire. The district has traditionally been a Republican stronghold and was expected to swing red again this year.

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Despite the victory, Democrats have maintained the current balance of power in Virginia’s statehouse. They will hold a 21-19 edge in the Senate and a 51-49 lead in the House of Delegates during Republican Gov. Glenn Youngkin’s final year in office.

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School closures, delays for DC, Maryland, Virginia for Wednesday, January 8

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School closures, delays for DC, Maryland, Virginia for Wednesday, January 8


The first major winter storm of 2025 brought up to 10 inches of snow to parts of the D.C., Maryland, and Virginia area, prompting school closures on Monday and Tuesday.

As the frigid weather persists, the snow isn’t going anywhere, so some school districts have already announced closures and delays for Wednesday as well. 

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See the latest closures below. 

Having trouble viewing the closures? CLICK HERE for the full list.

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