Foreclosures Decline in Harrisonburg, Rockingham County
Scott P. Rogers
The most recent real estate news in Harrisonburg and Rockingham County isn't all good news, but there is plenty to be excited about, particularly related to foreclosures.
The numbers of foreclosures filed in Harrisonburg and Rockingham County steadily climbed between 2008 and 2010 -- but now it seems to be reversing course.
In 2010, there were 270 foreclosure filings, and only 758 home sales.
Thus far in 2010, there have only been 160 foreclosure filings and 600 home sales.
This is a strong indicator that we'll finish out the year with fewer properties being foreclosed on, which should slowly strengthen the market.
The numbers of foreclosures filed in Harrisonburg and Rockingham County steadily climbed between 2008 and 2010 -- but now it seems to be reversing course.
In 2010, there were 270 foreclosure filings, and only 758 home sales.
Thus far in 2010, there have only been 160 foreclosure filings and 600 home sales.
This is a strong indicator that we'll finish out the year with fewer properties being foreclosed on, which should slowly strengthen the market.
