Mortgage Interest Rates Stay Reasonable at 4 Percent
OK, so, admittedly, mortgage interest rates were compellingly low last year -- at around 3.5% for much of the year. However, at their current levels of 4%, that is still…
Will We Ever See Detached Homes Under $100K in the CIty of Harrisonburg Again?
It remains difficult to buy a single family home in the City of Harrisonburg for less than $100K. While the 2017 data point (above) is based only on the first four-ish…
Construction Progressing on Bluestone Elementary
click the image above for a larger version of this photo Construction is moving right along on Bluestone Elementary, being built on Garbers Church Road across from…
How Much Will A New High School Cost City Homeowners?
Here is a grand oversimplification: Harrisonburg High School is filled beyond capacity. The school-aged population in the City of Harrisonburg is continuing to grow. The…
Limited Building Lots Remain in Heritage Estates, Active Adult Community in Harrisonburg, VA
Only nine building lots remain in Heritage Estates, an active adult (55+) community in the western edge of Harrisonburg, Virginia. With low maintenance French Country…
Fewer and Fewer Homes For Sale Under $200K
As shown above -- over the past nine years there have always been at least 200 (and usually around 300) homes for sale under $200K. Well, those times may be behind us…
Will Buyer Activity Increase or Decrease in May and June?
History does not tell a consistent story here. Last year, contract activity (buyers -- and sellers -- actually signing contracts) decreased between April and May and then…
Home Sales Slow Slightly in April, Perhaps Due To Low Inventory Levels
Don't miss out on this fantastic four bedroom home in Barrington -- details here. OK -- now for your local real estate news! Happy May, everyone! I have published my…
22 Unit Apartment Building Proposed at edge of Purcell Park neighborhood
click the image above for a larger version The apartment building shown above may soon be built on South Main Street at its intersection with East Weaver Avenue -- on the…
More Homes Selling Faster in 2017
OK -- so -- a few things going on here. The graph above shows the percentage of homes that sold in the first four months of this year (and last year) that went under…
Location, Setting and Context Matter
Many houses are WONDERFUL -- but the location, setting and context of those homes is not just a small additional detail to note -- it is often central to a purchasing…
Looking Closer at Investing
Yesterday, I was commenting on the market demand for well maintained rental properties for non-students in the City of Harrisonburg. I had pitched these general…