Are Things Slower Now In The Local Real Estate Market?
This is the number one question I am asked these days when I am chatting with non-buyers and non-sellers around town. In other words, folks who are not currently buying…
Many Home Buyers Now Find They Can Actually Think For A Minute Before Making An Offer
For a few years now, many home buyers in Harrisonburg and Rockingham Countuy have felt the PRESSURE to make a decision QUICKLY after viewing a new listing. Monday, 8:00…
Slightly Fewer Homes Are Selling At Ever Higher Prices
Happy Monday morning, friends! What a delightfully warm fall we had this year! I hope you have taken advantage of the beautiful weather and explored some of the many…
The Buyer Pool For Starter Townhouses May Be Smaller For Now
Starter townhouses (think two story, 15 - 25 year old) in the City of Harrisonburg used to sell for $150K-ish but have increased in price over the past five years to a…
Talking Things Through With Multiple Lenders Makes Sense Again
Over the past three or four years mortgage interest rates were sooooo low that there often wasn't too much of a difference in the interest rate quoted by one lender vs…
October 2022 Contract Activity Has Dropped Significantly, Sort Of
Has the local real estate market slowed down? Oh yes, quite a bit! How so? Last October 156 homes went under contract in the first 27 days of the month... and this year…
Good Reasons To Allow And Disallow Showings Before Your House Is Listed For Sale
In almost all cases, I do not recommend having showings of your home before it is listed for sale. But, as with most things in life, there are some exceptions. Here are…
Home Buyers Who Want To Buy A Home In The Next Year Likely Should Not Wait For Mortgage Interest Rates To Come Back Down
If you are looking to buy a home right now you might be surprised by higher mortgage interest rates than we have seen for much of the past year... January = 3.45%…
If You Will Be Buying A Home In The Next Year, Sooner Might Be Better Than Later
Home prices have increased quite a bit over the past few years. Clearly, that's a bit of an understatement. ;-) Mortgage interest rates have increased drastically…
Harrisonburg Area Home Sales Slowing Slightly But Prices Keep Rising
Happy Thursday afternoon, friends! Fall is upon us... with cool mornings and evenings, but often still reaching pleasant afternoon temperatures... and beautiful colors on…
Buy A Home For You, Not Just The Next Owner
As we walk through houses thinking and talking about if each house works well (or not) for you and your family... it can be tempting to start putting each house in a far…
Well, I Suppose This Was One Way To Revive The Market For Future Mortgage Refinances?
Sorry. Bad joke. Probably too soon. Mortgage interest rates have risen even further this week... with the current average rate on a 30 year mortgage now at 6.7%. One year…