Approaching a balance between buyers and sellers
Most housing market analysts consider six months of inventory (active listings) to be an indicator of a balanced market (between buyers and sellers). The “BUYERS” trend…
Local Housing Market Sees Strong Start in January 2016
Learn more about this month's Featured Property: 3853 Traveler Road I just published my monthly report on the Harrisonburg and Rockingham County real estate market. Jump…
Tax Rates in Harrisonburg, Rockingham County
For planning purposes, just a reminder that the tax rate in Rockingham County was both $0.66 and $0.68 during 2015 -- but we can likely now just plan on it being $0.68…
Harrisonburg Commercial Real Estate Market in 2015
Walmart, Gabe's and Hobby Lobby were some of the major participants in the commercial real estate market in 2015, but as noted in today's DNR article.... [...] it's a…
How does the Harrisonburg area population compare to other Cities in Virginia?
If we take NoVa (2.9M), Virginia Beach (1.7M) and Richmond (1.2M) out of the mix, we're left with the eight MSA's listed above. You'll note that Harrisonburg and…
Winter can be the best time to purchase an investment property
Many of my savvy investor clients wait for the winter months to acquire additional rental properties. Their reasons are pretty logical.... In the Spring/Summer/Fall they…
Keep buyers focused on what matters... the house!
(don't worry -- this is not really one of my client's homes) Preparing your home to go on the market can be challenging (and tiring), and often sellers-to-be need a…
Now wait a minute, I thought interest rates were rising?
Fear not, interest rate watchers, while mortgage interest rates were on the rise -- climbing up above 4% at the end of December, they have now tumbled back down to 3.79%…
Is that a house behind that tree?
If you're thinking of selling this Spring or Summer, and you have trees (especially large house-obscuring trees) we should discuss taking some exterior photos SOON rather…
I am expecting a lot of showings in February
There were a LOT of showings in the fourth quarter of 2015 -- with 60% and 58% year-over-year increases in October and December. But then January came, and along with…
How to buy a foreclosure in Harrisonburg
With some regularity, I am asked by potential purchasers how they would go about buying a foreclosure. First, here is a list of upcoming foreclosure sales, but more…
Contract Success Rate on the rise
After a slight dip in 2014, the Contract Success Rate rose to 96% in 2015. That means that nearly all contracts that are signed by buyer and seller make it to closing…