Nearly 500 Buyers Secured Contracts On Homes In First Four Months of 2021
As shown above, for three of the past five years, around 430 - 440 buyers signed contracts to buy homes between January and April. Two years ago, in 2019, there was a bit…
Inventory Levels (# Of Houses For Sale) Hits New Low In Harrisonburg, Rockingham County
Never have there been fewer homes for sale in Harrisonburg and Rockingham County! Indeed, there are now fewer than 100 homes on the market in all of the City and County…
13% More Contracts Signed This Year than Last
It has been a busy few months for home buyers in Harrisonburg and Rockingham County. During the first four months of this year, 510 contracts have been signed for…
The Morning Brew on whether the housing market will crash like it did in 2008
Do you read the Morning Brew? It's a daily email with top new stories in a format that is enjoyable to read. Subscribe here if you are interested. Here's an excerpt from…
Buying vs Building When Hit With Low Inventory AND High Building Costs
An age-old question is whether to buy a re-sale home or build a new home, especially as your price range gets above $400K or $500K. Typically, the tension between buying…
Home Sales Soar In First Quarter of 2021 in Harrisonburg, Rockingham County
Happy not-really-tax-day, friends! (taxes are due May 17 this year) What a wild first three months of the year it has been thus far in the Harrisonburg and Rockingham…
Ryan Homes May Be Starting To Help Some Housing Inventory Issues In Rockingham County
Ryan Homes, a regional builder currently building homes in 15 different states including Virginia now has two communities underway in Rockingham County and likely will be…
What Could Cause Home Prices To Fall?
Home prices have been on a tear (having great success over a period of time) for the past year+. Many home sellers are delighted to find out what a buyer is willing to…
How To Solve The Housing Inventory Crisis
Here are the top three ways to solve our current housing inventory crisis... New Construction New Construction New Construction No, but really. Keep reading to find out…
The Harrisonburg Area Real Estate Market Is As Strong As Ever Two Months Into 2021!
Happy Thursday morning to you! It's been a busy week on my end, what with St. Patrick's Day yesterday, and my daughter's 13th birthday the day before (Happy Birthday…
Comparing Home Pricing Strategies
Above I have included an overly complicated illustration of an overly simplified comparison of two pricing strategies. A few key points for understanding the graphic…
Low Inventory Levels AND Lots Of Listings
It's an interesting conundrum. Inventory levels are really (really!) low right now, but there are plenty of new listings that will come on the market this month and next…