Rappahannock Development Group (RDG) has completed construction of Phase 2 of the popular Woodberry Manor project on Massaponax Church Road in Spotsylvania County, Virginia. On the heels of Ryan Homes completion of all 72 homes within Phase 1, RDG has delivered the final 60 lots within the 132-lot development. RDG acquired the property from Massaponax Church, LLC in 2019 and financed a total of $12,800,000 in development costs through M&T Bank. Buildout of the project is expected Q3 2024. For more information on Ryan Homes’ Woodberry Manor homes, check out: 

The Culpeper County Planning Commission in short order last week unanimously approved a 61-lot single family housing development on 36 acres at the corner of Ira Hoffman Lane and Route 229.

Fredericksburg-based Rappahannock Development Group submitted the request for Kite Acres subdivision, adjoining the Northridge housing development. The current parcel is a combination of open pastureland and woods and is undeveloped with the exception of one existing single-family dwelling, according to a staff report.

Wondering what’s in store for interest rates?

Though the Federal Reserve has announced it’s hiking interest rates—again—and economic turbulence persists, our long-term optimism about gross domestic product and inflation remains largely unchanged.

A recession in the next 12 months is about a coin-flip probability, but it will be short-lived if it occurs. Once the Fed wins the war against inflation, it will shift to cutting interest rates in order to get the economy moving again.