Jo Knows: Weekly News 8.19.16

//Jo Knows: Weekly News 8.19.16

Jo Knows: Weekly News 8.19.16

Jo Knows- Weekly News

PRINCE WILLIAM COUNTY

Prince William County hires new transportation director
Following a nationwide search and competitive hiring process, the Prince William Board of County Supervisors announced Ricardo Canizales as the new transportation director. Canizales has worked for Prince William County’s Department of Transportation for 14 years. His most recent role with the department was transportation Planning Division Chief, where he was responsible for the management and operation of the transportation planning and programming division. Before working for the county, Canizales was employed by the Virginia Department of Transportation and the Richmond Regional Planning District Commission. He received his bachelor’s degree in urban studies and his master’s degree in urban and regional planning with a concentration in transportation planning and engineering from Virginia Commonwealth University. He resides in Prince William County with his wife and two children.

MANASSAS

Manassas receives AAA rating

Standard and Poor’s Global Ratings has raised its long-term rating on the city of Manassas’ general obligation debt to AAA from AA+. Manassas also received a AAA rating on long-term 2016 general obligation public improvement and refunding bonds. S&P Global stated that the outlook on all Manassas’ ratings is stable, according to a news release. The AAA bond rating helps Manassas save money with new bonds and potential refunding bond sales.

REGIONAL

Fredericksburg is requiring special-use permits for Airbnbs

Catherine Dodd wants to rent out the finished basement of her home in Fredericksburg’s Braehead Woods subdivision through airbnb.com. So she did exactly what the 8-year-old online marketplace for in-home lodging suggested: She applied for a special-use permit. A handful of Fredericksburg residents list their homes on airbnb.com, but Dodd is the first to seek the permit. No one commented on her request during a public hearing before the city’s Planning Commission last month. There will be a public hearing on it again when City Council meets Tuesday.

Dodd declined to comment for this article.

Housing market experienced gains in second quarter

Houses in the Fredericksburg region sold faster and at higher prices during the second quarter of 2016 compared to the previous year and the previous quarter, according to the Fredericksburg Area Association of Realtors. “With a reduction in inventory during the second quarter, houses have sold faster than normal,” said FAAR president Christine Singhass. The median number of days homes spent on the market decreased from 73 to 71 between quarters. And inventory slipped to 1,656 active listings at the end of the second quarter of 2016, compared to 1,995 at the end of 2015’s second quarter. True to seasonal patterns, there was a significant increase in activity in the second quarter, which lasts from the beginning of April to the end of June, the report said.

Home sales fell, inventory tightened in DC area last month
Demand for homes in the D.C. region waned in July, perhaps the first sign that buyers are becoming frustrated with the lack of inventory on the market. Or it could be this is the typical slowdown that occurs ahead of a presidential election as buyers wait to see what a change in administration will bring. Whatever the reason, sales were lower than a year ago for the first time in 19 months. The 5,045 homes sold in July were 3.4 percent fewer compared to July 2015, according to data provided by ShowingTime RBI based on listing activity from MRIS, the area’s multiple listings service.

STATE

Gov. Terry McAuliffe says outlook for revenue is not optimistic

Even Gov. Terry McAuliffe couldn’t be too cheery after meeting with Virginia business and legislative leaders on Monday about the state’s economic and revenue outlook. McAuliffe emerged from the two-hour meeting with the Governor’s Advisory Council on Revenue Estimates with renewed warnings about potential cuts in federal spending under budget sequestration next year and the dire need to prepare for a major turnover of working Virginians in the next decade. “I don’t think anybody would say optimistic,” he said of the outlook.

ELECTIONS

In early move in 2017 Va. governor’s race, Ed Gillepsie launches policy work groups
Virginia gubernatorial candidate Ed Gillespie on Wednesday announced the formation of nine work groups to help him develop policies for the state he wants to win in 2017, a move supporters touted as unusually early and substantive. Co-chaired by two General Assembly heavyweights, Gillespie’s “policy leadership team” also signals broad support among GOP legislators for Gillespie, a Republican strategist and former White House counselor who faces two rivals for his party’s nomination: Rep. Rob Wittman (R-Va.) and Corey A. Stewart, chairman of the Prince William Board of County Supervisors. Gillespie, who narrowly lost a race to unseat Sen. Mark R. Warner (D-Va.) in 2014, has set up nine work groups to help him develop policies on the economy, education and other issues. They will be led by many of the 53 state delegates and senators who have endorsed him.

By | 2017-03-29T17:30:31-04:00 August 19th, 2016|Jo Knows|0 Comments

Leave A Comment

Become A Realtor Member

Become An Affiliate Member

Social Media Auto Publish Powered By : XYZScripts.com