Do Not Be Insulted By A Low Offer On Your Home
Sellers are sometimes quite shocked, dismayed or disheartened to receive a low offer on their house, for example, an offer of $225K on a $275K listing. But it is…
Should Your House Be Off The Market Over the Winter Months?
In some ways, NO, you should NOT take your house off the market -- because inventory is lower than it has been for years and is not showing any signs of improving. And…
Seven Building Lots Remain at Heritage Estates, an Active Adult Community in Harrisonburg, VA
Only seven building lots remain in Heritage Estates, an active adult (55+) community in the western edge of Harrisonburg, Virginia. With low maintenance French Country…
The Latest on Possible Harrisonburg Short Term Rental Regulations
As reported in last week's Daily News Record, the City of Harrisonburg is continuing to discuss if they should try to better regulate short term rentals and if so, how…
When To Make An Offer To Buy If You Still Need to Sell Your Home
Here's a good opportunity to practice patience... If your dream home is on the market -- either as a new listing, a newly reduced listing, or an old and stale listing…
The Value of Your Home Based On When You Bought It
Can historical median sales prices give you some sense of your home's current market value? Perhaps so! The values in the chart above are calculated by comparing the 2018…
Mortgage Interest Rates At Highest Point in Eight Years
Mortgage interest rates keep on rising. The current average rate for a 30 year mortgage is 4.81%. These two statement are equally true... 1. Current mortgage interest…
Contract Activity Slows Heading Towards Thanksgiving
And -- as we might have expected -- home sales activity is slowing as we roll into late November. The graph above shows the number of contracts signed per month for each…
Owners, Operators of Short Term Residential Rentals in Rockingham County to Pay Transient Occupancy Tax
If you are renting part or all of your Rockingham County home out on AirBNB you will need to start collecting and paying a transient occupancy tax of 5% of the gross rent…
Will housing inventory levels improve next year?
If you have been looking for a new home to buy all Spring and Summer and Fall of this year -- and didn't find one, which you blame on having very few homes from which to…
Foreclosures Slow Considerably in 2018
Fewer and fewer homeowners are finding themselves in a situation where they are being foreclosed on in Harrisonburg and Rockingham County. The data above reflects the…
Home Sales Rise Yet Again In October 2018
Before we dive into this month's market report, check out this featured home in Highland Park by visiting 4350BrownRoanLane.com. Now, on to our local real estate market…