Investing in College Student Housing Offers Risks as well as Rewards
As I commented to a potential investor this past week -- investing in student rentals can offer a higher return than other non-student properties, but there are also…
Recent Rise in Mortgage Rates is a Small Change in a Historical Context
Mortgage interest rates jumped nearly 0.5% over the past week or two, but they are still below 4% given the current average of 3.94% -- and if we look at that rate of…
Solar Barn Raising at Gift and Thrift
Gift & Thrift is in the process of adding 300 solar panels to the top of Gift & Thrift and neighboring buildings -- and the video above shows the process of installing…
Mortgage Interest Rates Jump Nearly 0.5% in a Week
Stay tuned for where interest rates go next week -- but following the election, they jumped nearly 0.5% up to almost 4%. This takes us back to where we were nearly a year…
54% of Homes (that sell) are Under Contract within 60 Days
Every home that goes on the market does not necessarily sell. Every home that goes on the market does not necessarily sell quickly. That said, 54% of the homes that do…
Local New Home Sales Hit 7 Year High in 2016
After six years in a row of 54 sales or less of new single family homes in the Harrisonburg/Rockingham MLS, we have seen 73 such sales in the first ten months of 2016…
Sellers Selling for 98% of (Last) List Price
This graph shows the average list price to sales price ratio (red line) in recent years as compared to the overall pace of home sales. Over the past several years, the…
4.6% Increase in Median Price Per Square Foot in 2016
In addition to monitoring home values by overall median sales prices in our market, it can be insightful to examine the median price per square foot of homes that are…
Local Homes Sales Up 14% YTD Despite Slower Sales in October 2016
Learn more about this month's featured property: 429 West Marshall Avenue I just published my monthly report on the Harrisonburg and Rockingham County real estate market…
Kevo Plus from Kwikset is a fun and useful Smark Lock
I recently installed a Kevo smart lock from Kwikset at my home and am enjoying the conveniences of unlocking the door simply by touching the lock instead of using a key…
Where does Harrisonburg need sidewalks and paths?
You can have a voice -- make your opinion known as to where the City of Harrisonburg should consider installing sidewalks and shared-use paths. The Harrisonburg Public…
Harrisonburg City Public Schools Redistricting Information
Click here to download the proposed Elementary School and Middle School maps. (current as of 11/7/2016, check here for updates) If you haven't heard, Harrisonburg City…