Mortgage Interest Rates Declining Steadily Through Start Of Summer
Outdoor temperatures may have been HIGH during the first few weeks of summer... but mortgage interest rates have been falling! Over the past years, the average 30 year…
Listings Hitting The Market On Fridays Make It Important For Buyers To Have A Lender Letter Ready To Go
A buyers says... I plan to buy a home as soon as "the right one" comes on the market. I talked to a lender six months ago and they didn't have any concerns with being…
May 2024 Home Sales Outpace Projections, With Median Prices Increasing More Slowly
Happy Monday, friends, and Happy Summer! Summer is well underway over here at the Rogers household, with Luke having finished his first year of college and Emily wrapping…
Mortgage Interest Rate Fluctuations Do And Do Not Seem Likely To Impact Local Housing Market Activity
Will mortgage interest rate fluctuations impact market activity in the local housing market? Yes and no. For context, first... Over the past year, rates have fluctuated…
Slightly More Homes Are Selling This Year Than Last, At Significantly Higher Prices
Happy Monday morning, friends! I hope you had an enjoyable weekend of seeing (or in my case, not seeing) the Northern Lights, celebrating the mothers in your life, and…
Million Dollar Home Sales Peaked In 2021, 2022
Between 2018 and 2020 there were only three million dollar home sales in Harrisonburg and Rockingham County area as recorded in the HRAR MLS. Then, in 2021, we saw (10)…
How Much Will Your Mortgage Payment Change If You Sell Your Home And Buy A New One?
If you will be selling your home to buy another, there are a lot of numbers floating around.... what you'll sell for your closing costs when selling your mortgage payoff…
Home Sales Are On The Rise Again In 2024 With Slightly Smaller Increases In Home Prices
Happy Friday morning, friends! We're having some warmer (and mostly sunny) days this week in the Shenandoah Valley. We probably needed yesterday's rain, though…
A Year From Now, Mortgage Interest Rates Seem Unlikely To Be Much Below Six Percent
The current average 30 year fixed mortgage interest rate is 6.82%. If you are waiting to buy a home until mortgage interest rates fall below 6% you might be waiting a…
How Long Will You Stay In Your Home?
It seems homeowners are staying in their homes much longer now than they did two decades ago... with the median homeowner tenure having risen from 6.5 years in 2006 to…
Home Sellers In Many Price Ranges Still Need To Plan To Be Kicked Out Of Their Houses For A Few Days
Plenty has changed since the times of real estate during a pandemic... [1] Mortgage interest rates are now 6% instead of 3%. [2] Sellers are often receiving a few offers…
Make The Most Of Each New Listing This Spring!
With mortgage interest rates still above 6% and with the vast majority of homeowners having mortgage interest rates below 4%, there will likely be far fewer new listings…