HRRA HOME SALES REPORT: The First-Quarter 2022 HRRA Home Sales Report, custom prepared by Virginia REALTORS® for HRRA, shows the median sales price continues to rise across the region, up 10% from first quarter a year ago. Read the full report here.

IN THE COMMUNITY

Ease off the pedal. Residents of Oceanfront neighborhoods in Virginia Beach were vocal about motorists speeding as they exited the interstate. The city responded with a lower speed limit. Learn more here.

Higher tax rates for homeowners. According to WHRO News, Hampton Roads homeowners will pay more in taxes in 2023, even where tax rates are going down. Read all about it.

Chamber Virtual Education Series: Learn about succession planning for small businesses during the Hampton Roads Chamber of Commerce's May 25 virtual event. The presenter will be Freedom Street Partners CEO Scott Danner. Get full details here.

SRS® DESIGNATION COURSE: HRRA will offer the two-day Seller Representative Specialist course with nationally renowned instructor Adorna Carroll on May 12-13. SRS® was named "best for representing sellers" in 2022 by Investopedia. The early-bird cost is $225 through May 5. Here's a video with reasons to sign up.

THE PERPLEXING QUESTION OF INVENTORY: The nation is facing a serious housing-supply shortage - 3.8 million homes to be exact. How did our country get there, and what can REALTORS® do to help find a solution? Read the story here.

APPLY FOR A VAR COMMITTEE: Your voice matters. Serve on a Virginia REALTORS® committee in 2023. There are 15 from which to choose. The deadline is to apply is June 30. Learn more here.