First Look At February 2023 Home Sales
Perhaps unsurprisingly, February 2023 home sales don't quite match up to February 2021 or 2022. Of course, during 2021 and 2022 we were experiencing... [1] Surging buyer…
March Is Right Around The Corner And Every Would Be Home Buyer Hopes It Means Lots Of New Listings Are Coming Soon!
Where are all of those houses for sale? Yes, I know, I know, they're already under contract. Plenty of homes are selling these days -- but because they go under contract…
Real Estate Has Seemed Like An Abnormally Liquid Asset Over The Past Few Years
What is a liquid asset? Per Investopedia... "A liquid asset is an asset that can easily be converted into cash in a short amount of time." ...and further... "Liquid…
Home Sales Still Slowing, Home Prices Still Rising, In Harrisonburg, Rockingham County
Happy Friday morning, friends! We're about halfway through February, so it's time to take a moment to look back and see what we can learn about our local real estate…
Now Could Be An Ideal Time To Sell A Residential Rental Property!
If you own a rental property in the City of Harrisonburg or in Rockingham County, perhaps a townhouse or duplex or small single-family home, this could be an ideal time…
Resale Home Might Be Harder To Find This Year Than Last
We saw a 14% decline in existing home sales (sales of resale homes) in 2022... Existing Home Sales in 2021 = 1,347 Existing Home Sales in 2022 = 1,159 With many…
The First Three Questions We Will Try To Answer When Meeting To Discuss Selling Your Home
So, you're planning to sell your home this spring? Perhaps we should meet to discuss! Here are the first three questions we will try to answer, together, when we meet…
Home Sales Slowed Considerably In Late 2022 But Home Prices Kept On Rising
Happy Thursday afternoon, friends! And... Happy New Year! It's hard to believe the New Year is upon us. Actually.. we're already more than halfway through January at this…
Fewer Resale Home Sales Likely Was And Will Continue To Be A Supply Side Issue
Existing home sales declined 15% in 2022 in Harrisonburg and Rockingham County... 2021 Existing Home Sales = 1,364 2022 Existing Home Sales = 1,165 That said, overall…
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…
Annual Home Sales In A Larger (Longer) Context
Even after the last few home sales of 2022 are tabulated, we'll see a net decline in the number of homes selling in 2022 as compared to 2021. In the graph above I have…
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…