Trading Up For A New House Will Likely Also Mean Trading Up Your Interest Rate
For about three years (2019-2021) the average mortgage interest rate for a 30 year fixed rate mortgage was less than 4%. It even dropped below 3% at times. As such…
Home Sales Slow In November 2022, But Prices Keep On Rising
Happy Tuesday morning, friends! Winter is upon us. The holidays are upon us. I hope you have been enjoying the variety of Christmas light displays in and around…
What Home Improvements Should You Make (or not make) Prior To Selling Your Home?
I don't have a master list of what improvements you should, and should not, make before you sell your home... but most improvements you might consider are probably worth…
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…
Current Housing Market Trends In Four Lines, Two Curves
I sent out a long and detailed market report yesterday with lots of data, charts and graphs. You can find it here. But maybe you don't want to read something that long…
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…
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…
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…
Should You List Your Home Now Or Wait Until Spring?
Now or Later? Now! :-) I mean... don't get all panicky about it... but I would definitely recommend listing your home now, rather than waiting until the spring…
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…