Just wait until all of these contracts turn into home sales!
It is exciting to see how quickly contracts are coming together on homes in Harrisonburg and Rockingham County compared to the past several years. At the rate that…
Home Sales Increase, Prices Increase, Contracts Increase!
Finally, some signs of hope for the local housing market! I just completed my monthly analysis of the Harrisonburg and Rockingham County real estate market, and there are…
What goes into determining an asking price for a house?
I was in Virginia Beach for a few days last week, and the house where we stayed (pictured above) is currently listed for sale. The price (near $1M) seemed high, but it is…
New study finds correlation between local real estate market and weather conditions!
OK, so admittedly it is a bit cooler this week --- but last week was HOT, with temperatures soaring up to (and over) 100 degrees! Likewise, the local real estate market…
Virginia home values recovering more quickly than U.S.
The Virginia Association of Realtors has released their 2nd Quarter report providing a great overview of the housing market in Virginia, including (amongst lots of other…
Way to go Virginia! A $311 million surplus!
Virginia Sets Example for Cash-strapped States "Gov. Bob McDonnell announced that Virginia ended the fiscal year with a $311 million surplus yesterday. And for the second…
Are lower inventory levels leading to fewer home sales?
After showing a house to some buyer clients yesterday, we were reflecting on the fact that there don't seem to be too many options on the market in the price range that…
Historical Building Permit Trends in Harrisonburg and Rockingham County
A 20 year history of single family home building permits in Harrisonburg and Rockingham County (shown above) reveals that much of the new home construction is market…
Per The Atlantic: Is Now the Right Time to Buy a Home?
For your daily real estate reading, consider perusing this article from The Atlantic a few weeks ago entitled "Is Now the Right Time to Buy a Home?" The author considers…
How did the first half of 2011 compare to previous years?
Last year (2010) was assisted by the federal home buyer tax credit. Thus, even though 2011 shows a decline compared to 2010, it's important to note the (slight) increase…
Projected strength in the Washington DC real estate market might help buoy the upper end Harrisonburg and Rockingham County market
In the good old days (2000-2005) many buyers of upper end homes in Harrisonburg and Rockingham County were people retiring in major metro areas and moving to the…
July 2011 Harrisonburg and Rockingham County Real Estate Market Update
I just completed my monthly analysis of the Harrisonburg and Rockingham County real estate market. Click here for a PDF of the 25-page report or read on for some…