Local Home Prices Rise Despite Slightly Slower Sales Pace
Find out more about this new listing in Lakewood Estates shown above by clicking here. I just published my most recent monthly market report, and as usual, you can read…
Housing Inventory In Short Supply Under $200K, $300K
No new news here -- I've been saying it for some time -- fewer and fewer options exist for buying a home in our city/county for less than $200K, and even under $300K. But…
Half of local home buyers spend less than $200K
Looking at home sales in the past year we find that.... 9% of home buyers purchased for less than $100K Half (51%) of home buyers purchased for less than $200K 83% of…
How Low Can Inventory Levels Possibly Go?
Today, there are 364 homes for sale in Harrisonburg and Rockingham County. I have been tracking this data for almost 10 years now and there has never (NEVER) been a time…
Average 30 Year Mortgage Interest Rates Still Below Four Percent
Mortgage interest rates are still below 4% -- after having spent November 2016 through May 2017 between 4% and 4.5%. Today's buyers are enjoying the opportunity to lock…
New Building Lots Available in Preston Lake, Crossroads Farm
Of interest -- two new types of building lots have hit the market in the past week or so.... PRESTON LAKE Previously, if you wanted to build at Preston Lake -- you had to…
Legality of Short Term Rentals in Harrisonburg, Rockingham County
Stretching back a few weeks, Nolan Stout at the Daily News Record, wrote an informative article about short term rentals in this area. Bottom line -- and to answer a…
Will housing inventory levels improve next year?
Short Answer = I don't think so. Several buyers who I have been chatting with lately have expressed dismay at the low inventory levels, which results in very few options…
Is it a good time to buy an investment property in Harrisonburg?
I had an interesting conversation with a real estate investor who is considering the purchase of a rental property (or properties) in the City of Harrisonburg, and they…
Low Inventory Levels Spur On Home Renovations
Homeowners are staying in their homes longer than ever before, according to date from the National Association of Realtors (NAR). The median number of years that a…
The mid sized homes that ARE being built
Last week I spent some time discussing the market need that I perceive for mid sized detached homes in or near the City of Harrisonburg. I went further, to suggest that…
Can New Homes Be Built That Buyers Will Want and Can Afford?
OK -- lots of great thoughts from folks over on Facebook yesterday, and in person as I talked to people around town yesterday, after I suggested that our market needs…