30 Year Mortgage Interest Rates Dip Below 4%, Again
Home buyers enjoyed mortgage interest rates below 4% for the first five months of this year -- and they even dropped as low as 3.6% in February. But after rates started…
Market segments under $300K are the healthiest
The "months of supply" illustrated in the graph above shows how many months it would take to sell all homes currently listed for sale in each price range given the…
Inventory Levels Headed Down For The Winter
Wait... what?? Inventory levels are headed down... for the winter?? Yep, in some ways, we're already in that seasonal decline. Inventory levels have declined over the…
August 2015 Harrisonburg Housing Market Report: Home Sales Up 6%, Prices Up 7%
Learn more about this month's Featured Property: 1368 Bluewater Road I just published my monthly report on the Harrisonburg and Rockingham County real estate market. Jump…
Most Sellers Provide Buyers With Closing Cost Credit
Just more than half (0.2% more than half) of sellers in 2015 have paid for some or all of the buyer's closing costs via a credit at settlement. This is an increase over…
Walk Through This Home, 1368 Bluewater Road
Take a few minutes to walk through this spacious, four bedroom, updated Colonial in Lakewood Estates features a finished, walkout basement and a large backyard with a…
July (2015) Home Sales Seeming Cooler Than Past Years
I will hold out a bit longer to see any other home sales that might end up being reported in the MLS in the next few days, but thus far, home sales in July 2015 are…
Harrisonburg Residents, Throw Away (or recycle?) Your Recycling Bins
As of this morning, Harrisonburg residents can now just toss their recycling (cans, bottles, etc.) right into their trash can. Yes, you heard that right, you no longer…
Local Market Likely to Hit $225M in Real Estate Sales in 2015
Slow increases in the number of sales plus slow increases in the median sales price result in increase in the overall volume of real estate sold in this area. The graph…
Is August too late to list my home for sale?
Nope -- it's not too late to list your home in August. While we will have missed the strong Spring and early Summer rush of buyers, there will still be plenty of buyers…
Contracts Still Slow in July 2015
There were 16% fewer contracts in May 2015 as compared to in May 2014. There were 13% fewer contracts in June 2015 as compared to June 2014. Thus far, July 2015 is also…
Who sold and bought what for what?
I think these guys (above) are checking out HarrisonburgPropertyTransfers.com. OK, well, maybe not. But if you are interested in diving into the details of which…