Current mortgage rates still WELL below 12 month average
If I said, a year ago, that mortgage interest rates were going to rise soon --- I was WRONG!!! Current mortgage interest rates are just below 3.5%, and while I am still…
Where to start when considering the purchase of an investment property
If you are considering the purchase of an investment property, I believe the first things you need to think about are.... BUDGET How much are you able or willing to spend…
Where to find the best deals on houses in Harrisonburg
One way for investors to identify the best deals in Harrisonburg is to compare the list price of each active listing to its assessed values. To make it super easy for you…
When making a low offer, accentuate your other offer terms
If you are making a low offer, you can increase the appeal of your offer by strengthening your other offering terms.... DEPOSITS Make the largest deposit you are…
JMU student enrollment likely to hit 22K by 2021
Based on enrollment projections approved by the State Council of High Education for Virginia and published by JMU, on campus enrollment is set to continue to increase in…
Are you considering a modular home?
According to Wikipedia, a stick-built structure is "one constructed entirely or largely on-site," as opposed to a modular home that is "divided into multiple modules or…
Market Balance (Months of Supply) By Price Range
Most housing market analysts consider six months of inventory (active listings) to be an indicator of a balanced market (between buyers and sellers). This past month, our…
Best First Half of the Year Since 2007
As is shown above, this year's 598 sales between January and June are the most sales in the first half of the year that we have seen since waaaaaay back in 2007. Looks…
Are home values increasing in Harrisonburg?
Yes, depending on how you look at the data.... Median sales prices of duplexes, townhouses and condos are certainly flat -- they have been stuck between $151K and $152K…
Just how quickly are people buying homes these days?
Fast, really fast. If we look at the Spring (and early Summer) buying season this year, as compared to last year, we will note that there has been a 20% increase in the…
Strong Home Sales in June 2016 Bring Further Balance to Local Market
Learn more about this month's Featured Property: 4140 Brown Roan Lane I just published my monthly report on the Harrisonburg and Rockingham County real estate market…
Buyers have fewer and fewer choices of homes to purchase these days
click here for a larger image Buyers have fewer and fewer homes to choose from these days. The blue bars above show that there were 693 homes for sale at this time two…