Budget 34% less for your housing costs at Taylor Spring
Yesterday I pointed out that monthly housing costs have declined 28% since 2007 because of modest declines in median sales prices and significant declines in average…
Declining home values don't bother today's buyers
Cars, clothes, and computers all lose value over time as we use them and as they age. Houses, however, typically increase in value over time. While we don’t get upset…
Virginia's median sales prices relatively stable
Certainly, all real estate is local, but it is often insightful to see what is happening on the state level as well. As you'll note above, there hasn't been much of a…
Are you next in line to sell your home?
In Harrisonburg and Rockingham County, looking at the year thus far (thru Oct 31, 2011).... There have been 653 home sales, which is an average of 65 homes per month…
Blog Reader in Sept 2009: Housing Prices Will Fall 30% From Current Levels
I always encourage (and enjoy) healthy skepticism about anything related to the state of the local housing market. If you think I'm off base with my analysis or…
Foreclosures decline in Harrisonburg, Rockingham County
In very good news for the local housing market, foreclosures are declining in Harrisonburg and Rockingham County. The graph above shows the number of Trustee Deeds…
If you haven't sold your property in two months....
Click the image above to watch a 4 minute video from the Wall Street Journal (and Smart Money) about the state of the current housing market. From the video.... "As a…
Home sales, contracts increase in October 2011, despite continued slow decline of home values
Click here to download my full market report (27 pages, 7 MB, PDF) or read on for highlights.... October was a relatively positive month for the local housing market…
Should I list my home in November?
Not to flood the market with new listings, but sure, let's do it! November's not so bad after all....
Why is it so important to get the price right on Day 1?
How important is it to get the pricing right on your house from Day 1? It is essential for a timely, successful sale, and here's why.... We can't call "do over" if we…
Tailwinds and Headwinds of Today's Housing Market
As we conclude 2011 and head into 2012, Virginia’s housing market will likely be strengthened by low interest rates, rising residential rental rates, pent-up demand, and…
Recovery underway in overall Virginia real estate market?
The Virginia Association of Realtors released their 3rd Quarter real estate market report, and one trend that stands out to me is a potential indicator that the overall…