An $8,000 opportunity for first time home buyers!
Just a few hours ago, the long-awaited (by some) stimulus package made its way through Congress, and it will likely be signed by President Obama by the end of the…
Fannie Mae empowers real estate investors!
Fannie Mae's current policies don't allow an investor to finance any more than four properties backed by Fannie Mae. Thus, if you own the home you live in, you could only…
The Great Dis-connect: Days on Market
In 2006, 1438 residential properties sold in Harrisonburg and Rockingham County, with an average of 138 "days on market". In 2007, it was 1248 properties with an average…
Looking even closer at home values over time
The Daily News Record ran an interesting article yesterday which reinforces what I have been stating in my monthly home sales reports for quite some time now --- sales…
Understanding long term home sales trends
Below is one of the graphs I generate each month in my monthly market report. This graph shows an overall trend for residential sales in Harrisonburg and Rockingham…
Home value trends in Harrisonburg, Rockingham County
Question everything! Below is an excerpt from an e-mail that I received from one of my clients about a month ago. She asks a fantastic question, and one that I believe is…
Heritage Estates - 55+ living in Harrisonburg!
As Harrisonburg has grown, we have begun to see an increasing number of housing trends from across the country find their way to Harrisonburg, for example, Harrisonburg's…
Signs of Resilience in the Local Real Estate Market - December 2008 Real Estate Market Report
The December 2008 Real Estate Market Report for Harrisonburg and Rockingham County is now available. Click here for a printable PDF of this report. The local market…
Buy a home now while you still have options!
It's December 30th, which means that we're less than 48 hours away from the largest inventory reduction that we've seen all year! OK --- perhaps I'm being a bit…
Buying and selling in this real estate market
As featured in the December Shenandoah Valley Business Journal... Absent hard data on the local real estate market, we could make erroneous assumptions by listening to…
National average rates at 5.17%, local rates at 4.875%
As I mentioned a few days ago, low interest rates are helping people in this area cut down their monthly housing costs. And yet interest rates keep falling further…
Are high priced homes selling in Harrisonburg and Rockingham County?
Peruse my most recent monthly market report and you're certain to notice that our market (Harrisonburg & Rockingham County) has a very large supply of homes priced above…