How To Count Bedrooms In A House
You don't have to be a math major to count bedrooms, right? Well, technically, that's true -- but counting bedrooms for real estate purposes can become a bit nuanced…
Cumulative Contract Activity Pulls Ahead In 2020
How did COVID-19 affect our local housing market? So far, this is what we're seeing... Contract activity started declining in March/April until the 2020 cumulative…
How Often Do Home Sellers Provide A Closing Cost Credit?
Looking back over the past year it seems that slightly fewer than half (46%) of home sellers provided a closing cost credit to the buyer for their home. It is not…
Most Homes That Sell In The First Ten Weeks On The Market... Sell In The First Week
We know that homes are selling quickly. 62% of homes that sold in the past year were under contract within 30 days. 75% of homes that sold in the past year were under…
More Than Half Of Homes Are Selling For More Than Their List Price
This might surprise you. It surprised me! More than half (52%) of homes that sold in the first half of 2020 sold for MORE than their list price! It is certainly true that…
Highest Monthly Pace of Contracts in Over 10 Years
To say June 2020 was a busy month of contract activity is a bit of an understatement. A total of 175 properties went under contract in June, which was more than any other…
Harrisonburg Area Home Prices Up Nearly 7% in First Half of 2020
Happy Tax Day! Yes, that's right, today is the extended deadline for filing and paying income taxes. But the day is still young, so read on for an update on our local…
Rockingham County Considers Purchase of 27 Acres Between Barrington, Lakewood for Stormwater Management Purposes
Rockingham County will likely purchase the 27-ish acre parcel on Taylor Spring Lane between Barrington and Lakewood to use for managing stormwater in the Lake Shenandoah…
Sales Activity Was Slowing For Two Months But Has Picked Back Up Again
The first few months of 2020 were strong -- stronger than 2019 and seeming to indicate that 2020 was going to be a solid year of local home sales. And then, COVID-19…
Home Buyers In 2020 Are Locking In Ridiculously Low Mortgage Interest Rates
If there is one trend line that we like to see declining -- it's mortgage interest rates! :-) The interest rates at which buyers are financing their mortgages have been…
This Could Be A Good Time To Sell A Townhouse Under $200K, Built Since 2000, In The City of Harrisonburg
If you have a townhouse to sell in the City of Harrisonburg, built in the past 20 years, that would be priced under $200K, this may be an excellent time to sell it…
Renting or Buying A Home Within A 5 Year Time Horizon
If you will only be in your next home for two (or 1, 3, 4 or 5) years -- should you buy that home? Or just rent a home instead? Let's take a look, assuming a price point…