Do you own (and live in) a townhouse in the City of Harrisonburg?
Do you like playing Monopoly? If you bought a townhouse between 2000 and 2005 in the City of Harrisonburg (perhaps in Liberty Square, Beacon Hill, Avalon Woods or Harmony…
Home values usually go up over the long term
The fine folks over at Visualizing Economics have assembled another visual look at the housing market over the past two decades. As can be seen above, nearly every state…
Strong Sales, Stronger Contracts, Fewer Homes For Sale
Taking a look at the first four months of 2011, there are some signs of good news in our local market.....and certainly still some indicators that are not quite as…
How much do banks typically negotiate in selling a bank owned property?
Buyers can often find great opportunities in bank owned properties, but they often wonder how much they should expect to be able to negotiate off of the list price of a…
Buying options under $200K keep increasing, but otherwise, your options are vanishing
I often hear that there are too many homes for sale (sellers tell me this) and that there aren't nearly enough homes on the market (buyers tell me this). Let's examine…
How did Virginia fare in the housing bubble?
These helpful maps were created by the folks over at Design & Geography.... Virginia fared better than most states pre-bubble with a 80% to 120% increase in housing…
Four Multiple Offer Scenarios In One Week!
It looks like this could be a fantastic spring/summer real estate market in Harrisonburg and Rockingham County. The real estate market may finally be picking up some…
Housing Market Sees A New Normal
My article from this month's issue of the Shenandoah Valley Business Journal... Change has been the only constant in the housing market over the past five years. Between…
Buyers Are Moving Fast! Contracts Up 29% In April 2011!
In the first 20 days April 2010..............58 contracts were written... In the first 20 days of April 2011..............75 contracts were written! Beyond this 29%…
Home Value Trends in Harrisonburg, Rockingham County
We have seen significant declines in home values in Harrisonburg and Rockingham County over the past several years --- though nowhere near the level of declines seen in…
There are so MANY (and so FEW) houses for sale!?!
It's been an interesting week showing houses over $400,000 in Harrisonburg and Rockingham County. Both of the following seem to be true: There are way too many homes for…
How do you think our local real estate market is doing?
One of the questions we asked hundreds of visitors to our booth at the 2011 Shenandoah Valley Builders Association Home & Garden Show was..... "How do you think our local…