Real Estate

Home sales tick up as buyers anticipate higher interest rates, prices

Home sales tick up as buyers anticipate higher interest rates, prices

Residents in the Williamsburg area might have some new neighbors after an increase in home sales to end 2016.

Lisa Noon, CEO of the Williamsburg Area Association of Realtors, said people have bought houses in stronger numbers than in 2015 because of the anticipation of higher interest rates and median sales prices.

"When you looked at how homes sales have paced not only in the area but throughout the state, we've had a tremendously busy fall going into the winter months," Noon said. "It's unusual. Usually home sales go up through the beginning of the year and gradually decline to end the year."

Compared to December 2015 in the greater Williamsburg...

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