Should you buy or rent a townhouse in Harrisonburg?
Given continued low interest rates and some increase in home values, let's take a new look at the opportunities of buying versus renting. RENT = $1050/m. There are…
Fall is not the absolute worst time to sell your home
Fall is, however, the second-worst time of the year to sell your home. :) The data above reflects the timeframe during which properties went UNDER CONTRACT -- not when…
Bank Owned Properties in Harrisonburg, VA
While there aren't many foreclosure sales scheduled, and we have been seeing fewer foreclosures compared to home sales, there are still a good number of bank owned homes…
Proportional Senior Population Increasing in County, Decreasing in City
The two maps above were generated here based on changes between 2000 and 2014 in the senior population -- those age 65 or greater. A few observations and thoughts…
Price Per Square Foot Steadily Rising
The price per square foot of homes in Harrisonburg and Rockingham County has been steadily increasing over the past six years.... Up 4% over the past year. Up 11% over…
This is not a balanced real estate market
Most housing market analysts consider six months of inventory (active listings) to be an indicator of a balanced market (between buyers and sellers). The “BUYERS” trend…
Home Sales Steady, Prices Rising in Harrisonburg Area
The beautiful home shown above is located in Kentshire Estates. Find out more here. July 2017 has come and gone -- and even if the temperatures don't yet feel like August…
Harrisonburg could never have enough student housing!
OK, OK, that's probably not true -- Harrisonburg probably does not have an infinite need for student housing. Just consider my title, then, to be an intro to all of the…
Home Buying Pace Slower This July Than Last
16% fewer buyers signed contracts in July 2017 as compared to July 2016. It's hard to say if this is related to lower buyer interest (I doubt it) or lower inventory…
Does New College Student Housing Increase the Demands on Local Elementary Schools?
Traditional logic would say no -- the construction of new college student housing in Harrisonburg won't increase the load on elementary schools, as most college students…
Thank Goodness Home Prices Are Not Increasing Very Quickly!
There have been two very unique four year periods in recent history where the local median sales price increased to $192K. When home values increased between 2003 and…
Fear Not, Mortgage Interest Rates Sticking Close to Four Percent
Another month -- and still no meaningful changes in the 30 year mortgage interest rate. Since the beginning of the year, these rates have slowly edged downward, and have…