How much are buyers (and sellers) negotiating on price?
More than they ever have! Pre-boom, buyers (and thus sellers) were negotiating an average of 2.6% on price -- that is to say that homes were selling for 97.4% of the list…
Attached vs. detached homes over the past 11 years
Detached home = single family home Attached home = duplex, townhouse, condominium So, which property type has shown a stronger performance over the past 11 years in…
Three ways to buy a foreclosure in Harrisonburg or Rockingham County, and how to find such opportunities
If you are in the market to buy a home, some of the properties you might be considering are foreclosures – but there are some distinctions to be aware of at different…
Was 2011 "the new normal" for the pace of home sales in Harrisonburg and Rockingham County?
In 2000, there were 829 home sales. That zoomed up to 1,669 in 2005. This past year (2011) there were 791 home sales. Certainly, 1,669 home sales a year is not a normal…
The impact of distressed sales (bank owned, short sales) on the Harrisonburg, Rockingham County housing market
Housing markets across the country have been affected by an increase in distressed sales over the past few years -- both bank owned homes (that were foreclosed on) and…
50 Largest Employers in Harrisonburg, Rockingham County
Looking for a job in Harrisonburg or Rockingham County? Here are the 50 largest employers.... James Madison University The Rockingham Memorial Hospital Rockingham County…
Sellers, sellers, where have you gone?
As I commented in my monthly market report earlier this week, inventory has declined significantly (15%) over the past year! Why is inventory dropping so much??? I have a…
Land sales increase, in pace AND price!
The housing market as a whole in Harrisonburg and Rockingham County seems to be stabilizing. As per my market report earlier this week, sales increased by 4% in 2011…
2011 Summary: Stability is returning to the Harrisonburg, Rockingham County housing market
Friends and Colleagues --- Our local housing market has finally done it -- after a five year slide (and a 55% drop) in the pace of home sales, the tide has finally turned…
Unemployment rates drop in Harrisonburg-Rockingham MSA, Virginia, United States
If you don't have a job, it's hard to buy a house. If you lose your job, it's often hard to keep your house. Thus, it is welcome news for the housing market to see the…
The competition is stiff, oh wait, no it's not!
In preparing to list a home for sale, I met with my clients and we examined the competition that their home would have given its characteristics (size, location, age…
Predictions for 2012 in the Harrisonburg and Rockingham County Real Estate Market
One of the best indicators in our local housing market is the pace of single family home sales. Townhouses and duplexes are sometimes bought by investors, and thus if we…