NOVA Real Estate & Management Updates

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10 Metros That Attract the Wealthy

According to new U.S. Census Bureau data as interpreted by CNNMoney, the suburbs have the highest concentration of wealthy people, more so than cities. The wealthy tend to stay near major population centers, according to the study. For example, the region with the highest concentration of wealthy households in the nation is Bridgeport-Stamford-Norwalk, Conn., which...Continue reading

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Virginia ranks among states with highest credit scores.

Credit scores from online mortgage shoppers have risen four points since 2011, averaging 734, according to a study by MortgageMarvel.com, which analyzed nearly half a million online mortgage applicants. Some states are averaging even higher credit scores, particularly among those states known for having high household earnings. The following are the states with the highest...Continue reading

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Number of Home Owners Under Water Continues to Fall

The housing market recovery continues to grow stronger, but the economy remains “fragile,” according to the Obama administration’s latest Housing Scorecard for January. The Obama Administration’s Housing Scorecard is released monthly, providing a snapshot of the nation’s housing market. "The housing market has clearly bottomed out nationally and is turning a corner with new home construction...Continue reading