VDOT Plans for Harrisonburg and Surrounding Areas
We are likely to see changes to Exit 245 and 247 on Interstate 81 in the forthcoming years, as per the Commonwealth Transportatio Board's approval of VDOT's Six-Year Road…
Do Sellers Typically Accept Contingent Contracts?
Based on the analysis above, it would seem that sellers are not (in almost all cases) accepting home sale contingencies. Here's the logic.... A seller would almost never…
30 Year Mortgage Interest Rates Comfortably Below Four Percent
Anyone who thought mortgage interest rates were above 4% for good -- and perhaps climbing up to 4.5% or 5% -- seems to have been WRONG! I certainly thought we were headed…
Contract Activity Strong(er) Again in June 2017
Well, things don't seem to be slowing down yet in our local residential real estate market! Looking at the first 25 days of this month, 109 buyers (and sellers) signed…
When to start working on securing your mortgage financing
Here are the three sequences I see buyers follow most frequently.... As Late As Possible Guess at what you can buy using online mortgage calculators. Start viewing…
Lots of showings could mean your home is priced well, or that the market is lacking supply
This low-inventory market we're in is certainly providing some new perspectives.... If you are having a LOT of showings of your house -- it MIGHT mean that your house is…
Limited Options for New Townhouses in Harrisonburg
One of the reasons why the under $200K market is inventory-challenged right now is because there is very little new construction happening in this price range. Over the…
Harrisonburg Real Estate Tax Rates in a Historical Context
Per a reader's request, I have updated this super-long historical context of real estate tax rates in the City of Harrisonburg. This graph can be a bit deceiving in its…
Have you missed out on the majority of 2017 home buyers at this point?
Short answer -- yes, but no. :) Longer answer.... In a recent conversation with a home seller, they wondered if they had missed out on the best time to sell their home…
58% Drop in Under $200K Listing Inventory
One of the most striking changes in inventory levels has been the "under $200K' market, where we have seen a 58% decline in the number of homes for sale. A small part of…
Just HOW great were May home sales?
Just the BEST month of May EVER! :) Indeed, as shown above, it seems that the 148 home sales seen in May 2017 was the most home sales we have EVER seen during a month of…
Best May Home Sales Ever!
Check out this immaculate rowhouse at Preston Lake with a rooftop terrace! Wow! Both the temperatures and our local real estate market are certainly heating up! I just…