Harrisonburg & Rockingham County - Market Overview
The graphs below are an excerpt from my 2008 Annual Real Estate Report on Harrisonburg and Rockingham County. These figures reflect all residential sales reported through…
Foreclosure: 80 Shotgun Spring Road, New Market
Property To Be Sold: 80 Shotgun Spring Road, New Market Date/Time of Sale: Friday, February 29, 2008 at 8:00 a.m. Original Principal Amount of Deed of Trust: $90,000…
Correction - - - High End Homes Actually ARE Selling!
Last week an article ran in the Daily News Record stating that only eight "high-end" homes are selling per year. Unfortunately, I think many people read that portion of…
The Most Popular Properties --- At Least Online . . .
If you're reading my blog in a browser, as opposed to in a rss reader, you'll always see a property in the upper right corner of my blog. It is labeled as a "Top…
Foreclosure: 388 Ridge Court, Timberville
Property To Be Sold: 388 Ridge Court, Timberville Date/Time of Sale: Monday, February 11, 2008 at 10:00 a.m. Original Principal Amount of Deed of Trust: $125,600 Assessed…
Does Real Estate Always Increase In Value?
Yes and no . . . As an overall trend, real estate (almost) always increases in value. The graph below shows the "Four-Quarter Percent Change in Virginia House Price…
How and Why To Buy Property At A Foreclosure Sale
Buying a property at a foreclosure sale (a.k.a. trustee sale) can be a great opportunity to acquire a property under market value, but there are risks that accompany any…
In Virginia, All Real Estate Is Local
Last week, the Virginia Association of Realtors released the 2007 Year-End Market Report, which creates a context for year end market data throughout the state of…
Buying Acreage To Build A Home
Recently, one of my blog readers asked a variety of questions about buying land for building a home. Let's delve into a few of the related questions and issues! What is…
Inspecting the Home Inspection Process
The first thing to know about the home inspection process is that it is a process for the benefit of the buyer. However, the standard contingency form and negotiation…
Preparing for the 2008 Real Estate Market
In any market, it’s important for both buyers and sellers to understand the market dynamics specific to his or her location. With declining sales, but better performance…
Supply and Demand By Price Range - January 2008
The latest housing market stats, from the Harrisonburg-Rockingham Association of Realtors, MLS data: