When Are You Least Likely To Sell Your Home?
OK - these numbers are a bit abstract, but still interesting, in my opinion. The graph above is NOT showing a distribution of when buyers are buying homes. The likelihood…
My Predictions for the 2019 Real Estate Market
As is my annual tradition, I am making some predictions about what we'll see in the Harrisonburg and Rockingham County real estate market in 2019. As you'll note above, I…
Comparing My 2018 Housing Market Predictions To Reality
As shown above, I was a bit too conservative in predicting 2018 home sales. After we saw a 5% decline in the pace of home sales between 2016 and 2017 I was predicting…
Home Sales Rise By (at least) 2% in 2018
All home sales have not yet been reported but it is seems that we will see around a 2% increase in the pace of home sales in Harrisonburg and Rockingham County between…
Pending Home Sales Down 7.5%
The graph above shows the number of properties "under contract" at the end of the month for each month over the past three years. As you can see, at the end of November…
Buying A Home Is, Unfortunately, Not As Simple As Buying Now With One Click
Purchasing a home can be fun, exciting, thrilling, and fulfilling....but that very same process can also have its moments of being hard, frustrating, disappointing and…
New Harrisonburg Real Estate Information System
There's an all new Real Estate Information System for the City of Harrisonburg, and you can use it to find the proposed 2019 assessed value of properties in the City of…
Very Few Homes For Sale in the City of Harrisonburg
The number of homes for sale in the City of Harrisonburg keeps dropping. That's not to say that homes aren't selling -- a total of 423 homes have sold in the City of…
Some Perspective on Changes in Mortgage Interest Rates
In some ways, my alarm bells are going off! The mortgage interest rate a year ago was 3.9% -- and now it is 4.81%. Thus, rates have increased 23% in a single year! It is…
Despite Slower November, Home Sales Still Stronger Than Last Year
Before we dive into this month's market report, check out this featured home by visiting 819GreenbriarDrive.com. Now, on to our local real estate market -- I just…
JMU On Campus Headcount Likely To Exceed 22K in 2022
Based on enrollment projections approved by the State Council of High Education for Virginia, on campus enrollment is set to continue to increase in coming years…
The Impact Of Higher Mortgage Interest Rates
One year ago, the average 30-year fixed mortgage interest rate was 3.94%. Today, that same average rate is 4.81%. Does this rise in mortgage interest rates impact buyers?…