A New And Improved But In 2023 (Keep Reading, Really)
OK, OK, I'm not talking about workout goals. I'm not suggesting you get a better BUTT in 2023... I'm just pointing out that some would be home sellers have a better BUT…
What Would It Take For Home Prices To Decline In Harrisonburg And Rockingham County?
I've chatted with several homeowners in the past few weeks who have wondered whether home prices will start to decline in Harrisonburg and Rockingham County in 2023 as a…
Was Contract Activity Slower Than Expected In November And December 2022?
Were this past November and December (2022) a bit slower than expected when it came to contract activity? Did fewer buyers (and sellers) sign contracts to buy (and sell)…
My Predictions for the 2023 Real Estate Market in Harrisonburg and Rockingham County
After several years of an ever increasing number of homes selling in Harrisonburg and Rockingham County, we saw a slowdown in 2022. There were 7% fewer home sales last…
Looking Back At My Predictions For The 2022 Harrisonburg Real Estate Market
Within the first week of 2022 I made two predictions for the 2022 Harrisonburg and Rockingham County real estate market related to how many home sales we would see, and…
Even With A Slower Second Half Of 2022, It Will Have Been The Third Strongest Year Of Sales, Ever
Mortgage interest rates rose considerably in the second half of 2022 -- actually, even as early as mid-April they had already surpassed 5%. These higher rates eventually…
Trading Up For A New House Will Likely Also Mean Trading Up Your Interest Rate
For about three years (2019-2021) the average mortgage interest rate for a 30 year fixed rate mortgage was less than 4%. It even dropped below 3% at times. As such…
Monthly Housing Payments Have Changed A LOT In The Span Of A Single Year!
With some regularity I take a look at trends in mortgage interest rates... but nobody really specifically cares about their mortgage interest rate... they really care…
An Appraisal Contingency Should Not Worry Most Home Sellers
For a few years now, in a highly competitive seller's market, buyers were waiving contingencies left and right... No Home Inspection Contingency! No Radon Test…
Home Sales Slow In November 2022, But Prices Keep On Rising
Happy Tuesday morning, friends! Winter is upon us. The holidays are upon us. I hope you have been enjoying the variety of Christmas light displays in and around…
So You Think Home Prices Will Decline? We Would Likely Need To See Much Higher Inventory Levels First!
It's all about supply and demand. Over the past few years there have been plenty of home sellers... but WAY more home buyers. This resulted in buyers fighting over each…
If You Bought A Home In 2020 Or 2021 You Should Be Retroactively Thrilled About Your Mortgage Interest Rate
Did you buy a home in 2020 or 2021? If so, you likely locked in a mortgage interest rate that was the lowest we've seen in the past 10 years... and actually... the lowest…