Inventory Levels Plummet As Warm Days Return
Apparently, all we needed were a few warm days.... Inventory levels have drastically declined over the past week --- confirming that there really were plenty of home…
How to buy a foreclosure in Harrisonburg or Rockingham County
As shown above, we are starting to see fewer foreclosures in Harrisonburg and Rockingham County. With some regularity, I am asked by potential purchasers how they would…
Sellers negotiating less and less, on average
In another sign of further stability in our local real estate market, sellers are negotiating less, on average, than they have in the past several years. The average…
Mixed Signals in March 2014 Housing Market Report
Featured Property: 4320 Wiltshire Street, Harrisonburg VA I just published my monthly report on the Harrisonburg and Rockingham County real estate market -- click here to…
The Financial Benefits of Keeping Your First Home
Many people who bought their first home when home prices peaked between 2005 and 2008 have had difficulty selling their homes without taking a financial hit. It was…
Kmart to Close, McDonalds Expanding, Large New Downtown Restaurant Planned
If you've been wondering what is being built on the corner of East Market Street and Country Club Road, wonder no longer. A fifth McDonalds location is being built in the…
At least 60 buyers will sign a contract to buy a house next month. How do we make them pick your house?
Last March, 67 buyers signed contracts to buy homes in Harrisonburg and Rockingham County, and I expect about the same number to commit to properties this March. With 556…
Why is our local real estate market recovering?
Supply and Demand! More and more buyers.....fewer and fewer sellers. Eventually, this will also lead to some slow and steady increase in median sales prices.
High End Home Sales Bounce Back in 2013
As shown above, after some slow years in 2011 and 2012, the over $500K housing market bounced back in 2013. The over $600K market had an even more dramatic recovery in…
Population trends indicate housing market has more room to grow
The population of Harrisonburg and Rockingham County is increasing. If we take the average of 2000 and 2001 home sales as a baseline portion of the population to be…
Homes Sales Increase 9% in January 2014
Featured Property: 3050 Baybrook Drive, Harrisonburg, VA I just published my monthly report on the Harrisonburg and Rockingham County real estate market -- and home sales…
Harrisonburg VA, The Dining Destination of the Shenandoah Valley
Click here to watch a great video explaining why Harrisonburg, VA is the Dining Destination of the Shenandoah Valley. Also, if you hadn't heard, Harrisonburg is now the…