How many homes will you have to choose from?
If you are entering the market to buy a home, the number of homes you will have to choose from will vary widely based on what you are looking for in a new home. Some…
Layout is a very important factor, especially in an expensive home
If a buyer is buying over $400K, or even over $300K, the layout of the home becomes very important to them. That is not to say that it is unimportant for a $200K buyer…
Balancing what you can afford with what you want to pay
An important part of getting ready to buy a home is to talk to a mortgage lender (ask if you need recommendations) to find out how much money they will lend you to…
Go ahead, set off those fireworks, June 2015 home sales were hot, hot, hot
Despite having fewer showings in May/June and fewer contracts in June, it looks like June 2015 was a great month for (closed) home sales. With a few more sales likely to…
Upcoming geographical shifts in commercial real estate in Harrisonburg
Get ready for some significant shifts in the locations considered by new businesses coming to Harrisonburg -- thanks for the upcoming completion of the SouthEast…
Showings slower (than last year) in May, June 2015
I don't always bring good news. Showing activity in May and June of this year was slower (-28%, -18%) than in the same two months last year. Stay tuned for further market…
Will a robot build your next house, in two days?
Probably not. But there is a robot in development, named Hadrian, that can lay 1,000 bricks per hour -- 20 times faster than a human bricklayer. It will be fascinating to…
Another month of 100+ contracts
June 2015 will be the fourth straight month with 100+ contracts being signed by buyers in Harrisonburg and Rockingham County. In 2014, we saw 100+ contracts every month…
Valley Business Keynote brings Generational Experts to Harrisonburg Event
Don't miss this exciting event taking place on July 22, 2015. Find out more, and register, at ValleyBusinessKeynote.com.
It is HOT out there! How to keep (your house) cool this summer....
Summer is upon us! Mid 90's earlier this week. Both my neighbor and my sister had a broken AC unit yesterday. No fun! Below are some great tips from Charles Hendricks (an…
Reimagining Days on Market
Two months ago, our "Median Days on Market" in this area was 119 days. Now, as shown above, it's only 66 days. What's happening? A drastic acceleration of our local real…
Maybe the price of building lots has not plummeted?
The story illustrated above (lot prices plummeted 50% and have never recovered) is the one I've been running with over the past few years. It takes the $100K lot value as…